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    Freestanding Light Industrial Building Title is generated by Realmo AI

    20939 Cabot Boulevard, Hayward, CA 94545

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    Freestanding light industrial warehouse with associated office space, offering divisibility into two size options.

    Type:Industrial
    Property size:
    23,192 SF
    Added:
    Jun 2, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 4 at 1:59 am

    Property Features for 20939 Cabot Boulevard

    General Information

    Standard status
    Active
    Size
    23,192 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Kenneth Morris

    Listing agent Kenneth Morris License #01312918

    Listing office CBRE | Oakland

    Listing date Jun 2, 2026

    Source Cbre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Oakland

    HighLights

    • Freestanding light industrial warehouse with associated office space
    • Building can be divided into approximately 23,192 SF and 16,033 SF

    Overview

    This freestanding light industrial warehouse property includes an associated office building and is configured to support flexible occupancy. The space can be divided into approximately 23,192 SF and 16,033 SF, allowing for multiple tenant or phased uses depending on operational needs.

    The property is located at 20939 Cabot Boulevard in Hayward, CA 94545. Because it is offered as a freestanding facility, it is positioned for tenants that prefer an independent setup rather than a shared multi-tenant arrangement.

    For occupiers looking for light industrial space with on-site office support, this building’s warehouse-and-office layout may fit companies that need both production or storage space and dedicated administrative space. The ability to divide the facility can also be useful for businesses planning for growth or seeking a smaller footprint while remaining within the same overall building structure. Please contact for availability and lease details for the full building or either divided option.
    Location Intelligence

    Current Use by Public Records

    P & S East ... Car Wash Tesla Training Facility Corporate Office

    Suggested Use

    Restaurant Real Estate Agency Dental Office Building Supply Auto Repair Shop Hotel & Motel Gym & Fitness Center Pharmacy Big Box & Wholesale Store Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Iron Mountain — 23497 Eichler St, Hayward, CA 94545
    • Source Hov — 2688 W Winton Ave, Hayward, CA 94545
    • Access - Scanning, Records Storage, and Document Management — 2688 W Winton Ave, Hayward, CA 94545
    • FOLEY INDUSTRIAL PARK — 23490 Foley St, Hayward, CA 94545
    • AllModular Systems — 21005 Cabot Blvd, Hayward, CA 94545

    Location Insight

    • Map
    • Local Demand
    City
    Hayward
    County
    Alameda
    State
    California
    Longitude
    -122.1389753
    Latitude
    37.6510277

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    FAQs

    What type of property is this?
    Warehouse - Freestanding light industrial warehouse with associated office space, offering divisibility into two size options.
    Where is this warehouse located?
    The property is located at 20939 Cabot Boulevard Hayward, CA.
    What are key features of this property?
    This property features: Freestanding light industrial warehouse with associated office space; Building can be divided into approximately 23,192 SF and 16,033 SF
    (510) 874-1983
    We can help!
    Listing Contact
    Kenneth Morris
    Real Estate License ID: 01312918
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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