Foothill Blvd Commercial
For Sale
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21756 Foothill Blvd, Hayward, CA
Prime commercial retail/industrial property on Foothill Blvd for sale.
Property Size24,092 SF
Lot Size1.19 Acres
Price / SF$348.20
Days on Market364
Property Features for 21756 Foothill Blvd
General Information
Standard status
Active
Size
24,092 SF
Lot size
1.19 Acres
Property subtype
RETAIL
Listing Agency:
The Ivy Group
(408) 799-5290
Listed By:
Tim Vi Tran
(408) 799-5290
Source:
Moodyscre
Added: Aug 14, 2025
Changed: Jul 6
Last Checked: Aug 11 at 8:23AM
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 The Ivy Group
Investment Insights
Based on property information with market context.
A commercial retail and industrial property is available on Foothill Blvd, presenting an investment opportunity. The property spans approximately 24,092 square feet on a lot of approximately 33,990 square feet. An adjacent parcel of approximately 18,480 square feet is included, bringing the total area to approximately 52,470 square feet, or approximately 1.2 acres. The property is well-maintained and suitable for an owner/user. It features approximately 220 feet of frontage on Foothill Blvd. Developers may consider this an opportunity to create housing within walking distance of the Hayward BART Station.
Key Highlights
- Prime commercial retail/industrial property on Foothill Blvd.
- Expansive lot size: ± 52,470 SF (± 1.2 acres) including adjacent parcel.
- Excellent owner/user opportunity with impeccably maintained property.
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
$334,765
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
3.99%
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%
$6,695,300
$6.7M
Cap Rate 7%
$4,782,357
$4.8M
Cap Rate 9%
$3,719,611
$3.7M
Market Conditions
NOI Build-Up for 24,092 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
$520.4K $21.60/SF
− Vacancy
−$42.2K −$1.75/SF
EGI
$478.2K $19.85/SF
− OpEx
−$143.5K −$5.96/SF
NOI
$334.8K $13.90/SF
Area
Hayward, CA
Vacancy
8.10%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$6,695,300
Cap Rate 7%
$4,782,357
Cap Rate 9%
$3,719,611
Alternative Uses
Best Use
Retail
$4.78M
$4.18M – $5.58M
NOI $334,765 @ 7.0% cap · market cap 3.99%
Second Best
Industrial
$3.63M
$3.18M – $4.24M
NOI $254,352 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$7.45M
$6.52M – $8.69M
NOI $521,312 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,129
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - Prime commercial retail/industrial property on Foothill Blvd for sale.
Where is this retail property located?
The property is located at 21756 Foothill Blvd Hayward, CA.
What is the asking price?
The asking price for this property is $8,388,888.
What are key features of this property?
This property features: Prime commercial retail/industrial property on Foothill Blvd.; Expansive lot size: ± 52,470 SF (± 1.2 acres) including adjacent parcel.; Excellent owner/user opportunity with impeccably maintained property.
