Flex Warehouse Condo with Roll-Up
21087 Cabot Blvd, Hayward, CA 94545
For Sale
$695,000
Functional two-level flex space with offices, workrooms, and a 10' x 14' electric roll-up door.
Property Size1,800 SF
Days on Market141
Property Features for 21087 Cabot Blvd
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Listed By:
Ethan Lew · License #02440620 (CA)
(415) 651-2570
Source:
Matthews
Added: Jun 22
Changed: Nov 4
Last Checked: Nov 8 at 2:12AM
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 Ethan Lew
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Investment Insights
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Radley Court OA commercial condo offers a two-level flex layout totaling 3,867 square feet on a 7,350 square foot lot (per county record). Level One features a spacious work floor with equipment, a walk-in freezer, six offices, and restrooms including one full bath with shower and a half bath newly upgraded. The space also includes a 10' x 14' electric roll-up door for loading and practical day-to-day access.
Level Two provides five workrooms plus a living room, meeting room, and a gourmet kitchenette with granite countertop. Laminate flooring runs throughout the second floor. The property is equipped with HVAC, supporting year-round usability for office, production, or back-of-house functions.
This configuration is well suited for owner-operators or tenants who need a true live/work style workflow—combining dedicated office areas with functional workrooms and refrigeration. Recent building improvements include a new roof installed by the OA in 2024 and completed in 2025, adding confidence for operational continuity. The property is located at 21087 Cabot Boulevard in Hayward, California.
Level Two provides five workrooms plus a living room, meeting room, and a gourmet kitchenette with granite countertop. Laminate flooring runs throughout the second floor. The property is equipped with HVAC, supporting year-round usability for office, production, or back-of-house functions.
This configuration is well suited for owner-operators or tenants who need a true live/work style workflow—combining dedicated office areas with functional workrooms and refrigeration. Recent building improvements include a new roof installed by the OA in 2024 and completed in 2025, adding confidence for operational continuity. The property is located at 21087 Cabot Boulevard in Hayward, California.
Key Highlights
- Two‑level Radley Court OA commercial condo with 3,867 SF of functional flex space
- Lot size of 7,350 SF (per county record) with level layout
- Level one includes a work floor with equipment and a walk‑in freezer, plus 6 offices and 2 baths (1 full, 1 half upgraded)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,076
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,520
$461.5K
Cap Rate 7%
$329,657
$329.7K
Cap Rate 9%
$256,400
$256.4K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$28.7K $15.96/SF
− Vacancy
−$1.6K −$0.88/SF
EGI
$27.1K $15.08/SF
− OpEx
−$4.1K −$2.26/SF
NOI
$23.1K $12.82/SF
Area
Hayward, CA
Vacancy
5.50%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,520
Cap Rate 7%
$329,657
Cap Rate 9%
$256,400
Alternative Uses
Best Use
Warehouse
$329.7K
$288.5K – $384.6K
NOI $23,076 @ 7.0% cap · market cap 3.32%
Second Best
Industrial
$271.5K
$237.6K – $316.7K
NOI $19,004 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$556.4K
$486.9K – $649.2K
NOI $38,949 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
864
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 94545, CA
33,786
Population
10,439
Households
3.2
Avg Household Size
39
Median Age
34%
College-Educated
84%
High-School Grad
14.5 sq mi
ZIP Area
2,330
Density / Sq Mi
$115,258
Median Household Income
$55,874
Median Earnings
$2,426
Median Rent
$838,800
Median Home Value
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Market
Properties on Market for Flex space in Hayward
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Ryval's Prime — Laguna Dr, Hayward, CA 94545
- Bite&Bites — 23486 Connecticut St, Hayward, CA 94545
- La Bocca Fina — 2416 Radley Ct # 1, Hayward, CA 94545
- CurryHub — 28827 Mack St, Hayward, CA 94545
Frequently Asked Questions
What type of property is this?
Flex space - Functional two-level flex space with offices, workrooms, and a 10' x 14' electric roll-up door.
Where is this flex space located?
The property is located at 21087 Cabot Blvd Hayward, CA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Two‑level Radley Court OA commercial condo with 3,867 SF of functional flex space; Lot size of 7,350 SF (per county record) with level layout; Level one includes a work floor with equipment and a walk‑in freezer, plus 6 offices and 2 baths (1 full, 1 half upgraded)
