Ground Floor Restaurant
24045 Mission Blvd Hayward, CA 94541
For Sale
Contact for pricing
Turnkey ground floor restaurant with existing equipment included in the sale.
Property Size7,482 SF
Price / SF$369.95
Days on Market99
Property Features for 24045 Mission Blvd
General Information
- Standard status
- Active
- Size
- 7,482 SF
- Property subtype
- Retail, Mixed Use
Building Details
- Year Built
- 1957
Listing Agency:
Avison Young - Palo Alto - Silicon Valley
(424) 265-9200
Listed By:
jon geary · License #CA 01957003
Source:
Crexi
Added: Apr 16
Changed: Jul 23
Last Checked: Jul 23 at 11:29AM
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 Avison Young - Palo Alto - Silicon Valley
Investment Insights
Based on property information with market context.
This ground floor restaurant operates under the current ownership of Emil Villa’s California Barbecue and is presented as a turnkey opportunity. The space is fully equipped, and all restaurant equipment will remain with the sale at no additional cost to the buyer.
The property is located at 24045 Mission Blvd in Hayward, California. The current owner has operated the existing business since purchasing the building in 2016.
For buyers seeking continuity, the property offers a ready-to-run restaurant setup. For qualified operators looking to pivot, the included equipment supports immediate use following purchase.
The property is located at 24045 Mission Blvd in Hayward, California. The current owner has operated the existing business since purchasing the building in 2016.
For buyers seeking continuity, the property offers a ready-to-run restaurant setup. For qualified operators looking to pivot, the included equipment supports immediate use following purchase.
Key Highlights
- Ground floor restaurant space currently operated by the owner
- Restaurant includes all equipment; equipment will remain with the sale at no additional cost
- Building year built: 1957
Financial Insights For Specialty Retail
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 | $170.6k | $22.80 |
| − Vacancy | −$12.8k | −$1.71 |
| EGI | $157.8k | $21.09 |
| − OpEx | −$39.4k | −$5.27 |
| NOI | $118.3k | $15.82 |
7,482 SF · lease $22.80/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.69M
$1.48M – $1.97M
NOI $118,347 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.31M
$2.02M – $2.70M
NOI $161,899 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Greenland Artificial Grass
Landscaping
FAQs
What type of property is this?
Conventional restaurant - Turnkey ground floor restaurant with existing equipment included in the sale.
Where is this conventional restaurant located?
The property is located at 24045 Mission Blvd Hayward, CA.
What is the asking price?
The asking price for this property is $2,768,000.
What are key features of this property?
This property features: Ground floor restaurant space currently operated by the owner; Restaurant includes all equipment; equipment will remain with the sale at no additional cost; Building year built: 1957
