Two-Level Flex
For Sale
$1,360,000
21087 Cabot BLVD 7, Hayward, CA 94545
The commercial condominium pairs a ground-level work area with private offices and upper-level work, meeting, and living rooms.
Property Size3,867 SF
Lot Size0.17 Acres
Price / SF$351.69
Days on Market633
Property Features for 21087 Cabot BLVD 7
General Information
Standard status
Active
Size
3,867 SF
Lot size
0.17 Acres
Property subtype
Commercial Property
Additional Details
Cold Storage
Yes
Building Details
Year Built
1981
Stories
2
Listing Agency:
Top Travisso Realty and Investment
(510) 676-8257
Listed By:
Amanda Lai · License #01771466
(408) 930-1487
Source:
Giuffreproperties
Added: Feb 4, 2025
Changed: Oct 29
Last Checked: Oct 28 at 5:46AM
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
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Investment Insights
Based on property information with market context.
This two-level flex condominium offers 3,867 square feet of interior space and a 7,350-square-foot lot, per county records. The first level includes a large work area, equipment, a walk-in freezer, six offices, one full bathroom with a shower, and an upgraded half bath. An electric roll-up door measures 10X14, and HVAC is on the property.
Upstairs are five workrooms, a living room, a meeting room, and a kitchenette with granite countertops. Laminate flooring runs throughout the second level. The association installed a new roof, with work completed in 2025.
Upstairs are five workrooms, a living room, a meeting room, and a kitchenette with granite countertops. Laminate flooring runs throughout the second level. The association installed a new roof, with work completed in 2025.
Key Highlights
- 3,867 square feet of interior space; 7,350‑square‑foot lot per county records
- Ground level has a spacious work area, equipment, and a walk‑in freezer
- Six offices and one full bathroom with shower, plus an upgraded half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,574
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$991,480
$991.5K
Cap Rate 7%
$708,200
$708.2K
Cap Rate 9%
$550,822
$550.8K
Market Conditions
NOI Build-Up for 3,867 SF
Gross rent
$61.7K $15.96/SF
− Vacancy
−$3.4K −$0.88/SF
EGI
$58.3K $15.08/SF
− OpEx
−$8.7K −$2.26/SF
NOI
$49.6K $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%
$991,480
Cap Rate 7%
$708,200
Cap Rate 9%
$550,822
Alternative Uses
Best Use
Warehouse
$708.2K
$619.7K – $826.2K
NOI $49,574 @ 7.0% cap · market cap 3.65%
Second Best
Industrial
$583.2K
$510.3K – $680.4K
NOI $40,826 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$1.20M
$1.05M – $1.39M
NOI $83,676 @ 7.0% cap · market cap 6.15%
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
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - The commercial condominium pairs a ground-level work area with private offices and upper-level work, meeting, and living rooms.
Where is this flex space located?
The property is located at 21087 Cabot BLVD 7 Hayward, CA.
What is the asking price?
The asking price for this property is $1,360,000.
What are key features of this property?
This property features: 3,867 square feet of interior space; 7,350‑square‑foot lot per county records; Ground level has a spacious work area, equipment, and a walk‑in freezer; Six offices and one full bathroom with shower, plus an upgraded half bath
