New
For Sale
$5,195,000
23978 Connecticut St, Hayward, CA 94545
The property has Indu-GI zoning and on-street parking.
Property Size19,764 SF
Price / SF$262.85
Days on Market2
Property Features for 23978 Connecticut St
General Information
Standard status
Active
Size
19,764 SF
Zoning
Indu-GI
Amenities
On Street
Building Details
Building Size
19,764 SF
Year Built
1980
Listed By:
Norman Sinai II
(925) 829-7510
Source:
Evrealestate
Added: Nov 3
Last Checked: Nov 3 at 2:34PM
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 Norman Sinai II
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Investment Insights
Based on property information with market context.
This warehouse at 23978 Connecticut St in Hayward was built in 1980. The property is zoned Indu-GI and has on-street parking.
Key Highlights
- Indu‑GI zoning
- Built in 1980
- On‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$253,372
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,067,440
$5.1M
Cap Rate 7%
$3,619,600
$3.6M
Cap Rate 9%
$2,815,244
$2.8M
Market Conditions
NOI Build-Up for 19,764 SF
Gross rent
$315.4K $15.96/SF
− Vacancy
−$17.3K −$0.88/SF
EGI
$298.1K $15.08/SF
− OpEx
−$44.7K −$2.26/SF
NOI
$253.4K $12.82/SF
Area
Hayward, CA
Vacancy
5.50%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,067,440
Cap Rate 7%
$3,619,600
Cap Rate 9%
$2,815,244
Alternative Uses
Best Use
Warehouse
$3.62M
$3.17M – $4.22M
NOI $253,372 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.11M
$5.35M – $7.13M
NOI $427,661 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,041
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94545, CA
33,786
Population
10,439
Households
3.2
Avg Household Size
39
Median Age
34%
College-Educated
84%
High-School Grad
14.5 sq mi
ZIP Area
2,330
Density / Sq Mi
$115,258
Median Household Income
$55,874
Median Earnings
$2,426
Median Rent
$838,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Belmont Wine Storage — 25811 Clawiter Rd, Hayward, CA 94545
- Hayward RV Storage — 3636 Depot Rd, Hayward, CA 94545
- ReadySpaces — 25509 Industrial Blvd, Hayward, CA 94545
- Hatton's Crane & Rigging Inc — 3643 Depot Rd, Hayward, CA 94545
- Hayward Self Storage — 24801 Industrial Blvd, Hayward, CA 94545
Frequently Asked Questions
What type of property is this?
Warehouse - The property has Indu-GI zoning and on-street parking.
Where is this warehouse located?
The property is located at 23978 Connecticut St Hayward, CA.
What is the asking price?
The asking price for this property is $5,195,000.
What are key features of this property?
This property features: Indu‑GI zoning; Built in 1980; On‑street parking
