Foothill Blvd Retail
21756 Foothill Blvd, Hayward, CA 94541
Prime retail property with redevelopment potential near Hayward BART.
Type:Industrial, Office, Retail
Property size:
24,092 SFLot size:
1.20 AcresPrice / SF:
$348/SF- Added:
- Feb 14, 2025
- Days on Market:
- 497
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 21756 Foothill Blvd
General Information
- Standard status
- Active
- Size
- 24,092 SF
- Lot size
- 1.20 Acres
- Property subtype
- Industrial, Office, Retail
Building Details
- Year Built
- 1969
Listing office The Ivy Group
Listing date Feb 14, 2025
Source Crexi
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
HighLights
- 1.2‑acre lot on highly trafficked Foothill Blvd with 220 feet of frontage and 49,000+ daily vehicle visibility.
- Potential for mixed‑use redevelopment due to Commercial General & Medium Density Residential zoning.
- Close proximity (1.2 miles) to Hayward BART station, plus access to Castro Valley BART and major freeways (I‑580).
- Expansive ± 24,092 SF retail space suitable for owner/user or tenant.
- Flexible ownership terms with seller open to a short‑term sale‑leaseback.
- Includes an additional adjacent parcel of ± 18,480 SF, bringing the total lot size to ± 52,470 SF.
Overview
Located on Foothill Boulevard in Hayward, California, this commercial retail property offers an investment opportunity. The property includes approximately 24,092 square feet of retail space on a 1.20-acre lot. The site also features an additional adjacent parcel of approximately 18,480 square feet, bringing the total area to approximately 52,470 square feet. The property has 220 feet of frontage on Foothill Boulevard, which sees over 49,000 vehicles daily. There are 40 surface parking spaces available, providing a parking ratio of 1.66 spaces per 1,000 square feet. The property is zoned for Commercial General & Medium Density Residential, allowing for mixed-use redevelopment. The seller is open to a short-term sale-leaseback. The property is located 1.2 miles from Hayward BART station and 2.1 miles from Castro Valley BART, with proximity to Interstate 580. Nearby amenities include Downtown Hayward and California State University East Bay. The property is currently owner-occupied, presenting an opportunity for an owner/user. Developers may find the location suitable for creating housing within walking distance of the Hayward BART Station.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $722.8k | $30.00 |
| − Vacancy | −$50.6k | −$2.10 |
| EGI | $672.2k | $27.90 |
| − OpEx | −$252.1k | −$10.46 |
| NOI | $420.1k | $17.44 |
24,092 SF · lease $30.00/SF/yr · vacancy 7.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$6.00M
$5.25M – $7.00M
NOI $420,104 @ 7.0% cap · market cap 5.01%
Second Best
Retail
$4.78M
$4.18M – $5.58M
NOI $334,765 @ 7.0% cap · market cap 3.99%
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Honda
Car Dealership
East Bay Motorsports
Motorcycle Shop
Location Insight
- Map
- Local Demand
- City
- Hayward
- County
- Alameda
- State
- California
- Longitude
- -122.0874008
- Latitude
- 37.682053
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Prime retail property with redevelopment potential near Hayward BART.
Where is this retail space 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: 1.2‑acre lot on highly trafficked Foothill Blvd with 220 feet of frontage and 49,000+ daily vehicle visibility.; Potential for mixed‑use redevelopment due to Commercial General & Medium Density Residential zoning.; Close proximity (1.2 miles) to Hayward BART station, plus access to Castro Valley BART and major freeways (I‑580).
