Mixed-Use Property with
New
For Sale
$1,150,000
21120 Mission Blvd, Hayward, CA 94541
Three commercial spaces and a two-unit residence offer a combination of retail and residential occupancy.
Property Size4,660 SF
Price / SF$246.78
Days on Market1
Property Features for 21120 Mission Blvd
General Information
Standard status
Active
Size
4,660 SF
Property subtype
Commercial
Additional Details
Gross Income
$46,800
Building Details
Year Built
1951
Buildings
2
Listing Agency:
MTC Commercial Real Estate
Listed By:
Paul Mader · License #00795784
(510) 206-3156
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 2:28PM
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 MTC Commercial Real Estate
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Investment Insights
Based on property information with market context.
Two buildings make up this mixed-use property, with approximately 4,660 square feet across commercial and residential space. The concrete-block front building contains three commercial units totaling approximately 3,040 square feet; two are vacant, while a storefront is occupied by a nail salon. A two-story wood-frame duplex at the rear has two 810-square-foot, two-bedroom apartments, totaling 1,620 square feet. The residential units can be delivered vacant. Built circa 1951, the property is in average condition, and commercial tenants have month-to-month terms.
The property fronts Mission Boulevard in an area with both commercial and residential uses. Creekside Shopping Center, including Las Montanas Supermarket and Dollar Tree, is approximately one-quarter mile northwest. BART stations are available in Downtown Hayward and Castro Valley, with access to freeways 580 and 238 noted in the surrounding area.
The property fronts Mission Boulevard in an area with both commercial and residential uses. Creekside Shopping Center, including Las Montanas Supermarket and Dollar Tree, is approximately one-quarter mile northwest. BART stations are available in Downtown Hayward and Castro Valley, with access to freeways 580 and 238 noted in the surrounding area.
Key Highlights
- Approximately 4,660 square feet across two buildings
- Three commercial units total approximately 3,040 square feet; two are vacant
- Rear duplex has two 810‑square‑foot, two‑bedroom units totaling 1,620 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,468
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,009,360
$2.0M
Cap Rate 7%
$1,435,257
$1.4M
Cap Rate 9%
$1,116,311
$1.1M
Market Conditions
NOI Build-Up for 4,660 SF
Gross rent
$151.0K $32.40/SF
− Vacancy
−$7.5K −$1.60/SF
EGI
$143.5K $30.80/SF
− OpEx
−$43.1K −$9.24/SF
NOI
$100.5K $21.56/SF
Area
Hayward, CA
Vacancy
4.94%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,009,360
Cap Rate 7%
$1,435,257
Cap Rate 9%
$1,116,311
Alternative Uses
Best Use
Multifamily LT 5
$1.44M
$1.26M – $1.67M
NOI $100,468 @ 7.0% cap · market cap 8.74%
Second Best
Apartment 5plus
$1.29M
$1.13M – $1.51M
NOI $90,386 @ 7.0% cap · market cap 7.86%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,835 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
927
Businesses Nearby
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Business Placement
Demographics for 94541, CA
69,736
Population
23,217
Households
3
Avg Household Size
36
Median Age
30%
College-Educated
82%
High-School Grad
7.5 sq mi
ZIP Area
9,298
Density / Sq Mi
$106,556
Median Household Income
$52,023
Median Earnings
$2,229
Median Rent
$781,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three commercial spaces and a two-unit residence offer a combination of retail and residential occupancy.
Where is this mixed-use property located?
The property is located at 21120 Mission Blvd Hayward, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Approximately 4,660 square feet across two buildings; Three commercial units total approximately 3,040 square feet; two are vacant; Rear duplex has two 810‑square‑foot, two‑bedroom units totaling 1,620 square feet
