Retail
New
For Sale
$5,650,000
22400 Foothill Blvd, Hayward, CA 94541
Commercial Sale, Hayward, CA
Property Size12,642 SF
Lot Size0.30 Acres
Price / SF$446.92
Days on Market2
Property Features for 22400 Foothill Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
comm
Subdivision
Downtown Hayward
Lot features
Business District
Directions
GPS..
Standard status
Active
APN
41524041
Size
12,642 SF
Lot size
0.30 Acres
Amenities
city-maintained parking lot
Building Details
Year built
1949
Roof type
Rolled Hot Mop
Listing Agency:
Independent Rl Est Brokers
(510) 276-7900
Listed By:
Gary Izard · License #01359320
(925) 309-9144
Added: Sep 24
Changed: Sep 25
Last Checked: Sep 25 at 1:06AM
MLS# 41149327
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The 12,642-square-foot retail storefront occupies a 0.3-acre parcel at 22400 Foothill Blvd. Built in 1949, the building has a rolled hot mop roof. Big 5 Sporting Goods is expected to move out, creating a change in occupancy for the property.
The property is in Downtown Hayward, and a large city-maintained parking lot serves the location.
The property is in Downtown Hayward, and a large city-maintained parking lot serves the location.
Key Highlights
- 12,642‑square‑foot retail building on a 0.3‑acre parcel
- Big 5 Sporting Goods is moving out of the property
- Located in Downtown Hayward at 22400 Foothill Blvd
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
$175,664
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
3.11%
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%
$3,513,280
$3.5M
Cap Rate 7%
$2,509,486
$2.5M
Cap Rate 9%
$1,951,822
$2.0M
Market Conditions
NOI Build-Up for 12,642 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
$273.1K $21.60/SF
− Vacancy
−$22.1K −$1.75/SF
EGI
$250.9K $19.85/SF
− OpEx
−$75.3K −$5.96/SF
NOI
$175.7K $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%
$3,513,280
Cap Rate 7%
$2,509,486
Cap Rate 9%
$1,951,822
Alternative Uses
Best Use
Retail
$2.51M
$2.20M – $2.93M
NOI $175,664 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.91M
$3.42M – $4.56M
NOI $273,553 @ 7.0% cap · market cap 4.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,277
Businesses Nearby
Under-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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- S Flommer Flowers — 21305 Mission Blvd, Hayward, CA 94541
- Party Flowers — Cherryland, CA 94541
Frequently Asked Questions
What type of property is this?
Storefront property - A Downtown Hayward address with access to a city-maintained parking lot.
Where is this storefront property located?
The property is located at 22400 Foothill Blvd Hayward, CA.
What is the asking price?
The asking price for this property is $5,650,000.
What are key features of this property?
This property features: 12,642‑square‑foot retail building on a 0.3‑acre parcel; Big 5 Sporting Goods is moving out of the property; Located in Downtown Hayward at 22400 Foothill Blvd
