Commercial Condo with
For Sale
$1,690,000
21087 Cabot Blvd 7, Hayward, CA 94545
Spacious commercial condo featuring upgraded amenities and flexible workspace.
Property Size3,867 SF
Lot Size0.17 Acres
Price / SF$437.03
Days on Market153
Property Features for 21087 Cabot Blvd 7
General Information
Standard status
Active
Size
3,867 SF
Lot size
0.17 Acres
Property subtype
Commercial
Building Details
Year Built
1981
Stories
1
Listing Agency:
TOP TRAVISSO REALTY AND INVESTMENT
(510) 676-8257
Listed By:
William DerWie Shih
(510) 676-8257
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 4:56AM
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 TOP TRAVISSO REALTY AND INVESTMENT
Investment Insights
Based on property information with market context.
This commercial condo, located in Radley Court OA, features a desirable floor plan with 3,867 square feet of space and a lot size of 7,350 square feet. The first level includes a spacious work floor equipped with a walk-in freezer, six offices, a full bath with a shower, a newly upgraded half bath, and a 10x14 electric roll-up door. The second level offers five workrooms, a living room, a meeting room, and a gourmet kitchenette with a granite countertop. Laminate flooring is installed throughout the second floor. The property is equipped with HVAC. A new roof was installed by OA in 2024 and is scheduled for completion in 2025.
Key Highlights
- Spacious 3,867 sqft commercial condo with desirable floor plan
- Includes a walk‑in freezer and 10X14 electric roll‑up door
- Features 6 offices, 5 workrooms, a living room, and a meeting room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,488
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,209,760
$1.2M
Cap Rate 7%
$864,114
$864.1K
Cap Rate 9%
$672,089
$672.1K
Market Conditions
NOI Build-Up for 3,867 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$102.1K $26.40/SF
− Vacancy
−$21.4K −$5.54/SF
EGI
$80.7K $20.86/SF
− OpEx
−$20.2K −$5.21/SF
NOI
$60.5K $15.64/SF
Area
Hayward, CA
Vacancy
21.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,209,760
Cap Rate 7%
$864,114
Cap Rate 9%
$672,089
Alternative Uses
Best Use
Office B
$864.1K
$756.1K – $1.01M
NOI $60,488 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.39M
NOI $83,676 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
864
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Spacious commercial condo featuring upgraded amenities and flexible workspace.
Where is this office units located?
The property is located at 21087 Cabot Blvd 7 Hayward, CA.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: Spacious 3,867 sqft commercial condo with desirable floor plan; Includes a walk‑in freezer and **10X14 electric roll‑up door**; Features 6 offices, 5 workrooms, a living room, and a meeting room
