Industrial Warehouse with Enclosed
For Sale
Contact for pricing
22001 Meekland Avenue, Hayward, CA 94541
Industrial warehouse for sale with approximately 20-foot clear height and a secure enclosed yard for storage or parking.
Property Size9,489 SF
Price / SF$279.27
Days on Market24
Property Features for 22001 Meekland Avenue
General Information
Standard status
Active
Size
9,489 SF
Property subtype
Industrial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Clear Height
20 ft
Building Details
Year Built
1949
Stories
1
Units
2
Listing Agency:
ABC Commercial Realty
(510) 333-6198
Listed By:
Richard Chang · License #01270736
Source:
Crexi
Added: Jul 20
Changed: Aug 8
Last Checked: Aug 11 at 12:01PM
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 ABC Commercial Realty
Investment Insights
Based on property information with market context.
Industrial warehouse property for sale featuring a 9,489-square-foot warehouse with approximately 20-foot clear ceiling height. The site also includes a detached 500-square-foot building, which can support a variety of supplemental uses such as office, storage, or a workshop.
The property sits on a secure site with a fully enclosed and secured yard, providing outdoor space for vehicle parking, equipment storage, or other operations requiring yard access. Convenient access is described to I-880, I-238, Highway 92, and major Bay Area transportation routes, within Hayward’s established industrial district.
Overall, the configuration combines warehouse space with secured exterior storage in one property, suitable for owner-users and investors seeking functional industrial space and yard capability.
The property sits on a secure site with a fully enclosed and secured yard, providing outdoor space for vehicle parking, equipment storage, or other operations requiring yard access. Convenient access is described to I-880, I-238, Highway 92, and major Bay Area transportation routes, within Hayward’s established industrial district.
Overall, the configuration combines warehouse space with secured exterior storage in one property, suitable for owner-users and investors seeking functional industrial space and yard capability.
Key Highlights
- 9,489 SF industrial warehouse with approximately 20‑foot clear ceiling height
- 500 SF detached building for supplemental office space, storage, or workshop use
- Fully enclosed, secured yard for vehicle parking, equipment storage, or outdoor operations
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
$148,427
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
5.60%
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%
$2,968,540
$3.0M
Cap Rate 7%
$2,120,386
$2.1M
Cap Rate 9%
$1,649,189
$1.6M
Market Conditions
NOI Build-Up for 9,489 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
$250.5K $26.40/SF
− Vacancy
−$52.6K −$5.54/SF
EGI
$197.9K $20.86/SF
− OpEx
−$49.5K −$5.21/SF
NOI
$148.4K $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%
$2,968,540
Cap Rate 7%
$2,120,386
Cap Rate 9%
$1,649,189
Alternative Uses
Best Use
Office B
$2.12M
$1.86M – $2.47M
NOI $148,427 @ 7.0% cap · market cap 5.60%
Second Best
Warehouse
$1.74M
$1.52M – $2.03M
NOI $121,648 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$2.93M
$2.57M – $3.42M
NOI $205,327 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
860
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse for sale with approximately 20-foot clear height and a secure enclosed yard for storage or parking.
Where is this warehouse located?
The property is located at 22001 Meekland Avenue Hayward, CA.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 9,489 SF industrial warehouse with approximately 20‑foot clear ceiling height; 500 SF detached building for supplemental office space, storage, or workshop use; Fully enclosed, secured yard for vehicle parking, equipment storage, or outdoor operations
