Mixed-Use Property with
For Sale
Contact for pricing
24045 Mission Blvd, Hayward, CA 94544
Freestanding property combines a permitted restaurant with three second-floor apartment units.
Property Size7,482 SF
Lot Size0.42 Acres
Price / SF$314.09
Days on Market104
Property Features for 24045 Mission Blvd
General Information
Standard status
Active
Size
7,482 SF
Lot size
0.42 Acres
Property subtype
RETAIL
Restaurant
Hood Type
Type I
Commercial Hood
Yes
Equipment Included
Yes
Building Details
Buildings
1
Listing Agency:
Avison Young | Palo Alto
(424) 265-9200
Listed By:
Lloyd Bakan · License #01914446
(424) 265-9200
Source:
Moodyscre
Added: May 11
Changed: Aug 20
Last Checked: Aug 21 at 2:54PM
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
Investment Insights
Based on property information with market context.
Freestanding mixed-use property featuring a permitted restaurant and three second-floor apartment units. The restaurant includes a Type 1 venting hood, commercial stove, and coolers, supporting restaurant, café, or culinary use. The apartment mix consists of a studio, a one-bedroom, one-bath unit, and a three-bedroom, one-bath unit.
The property includes a 7,482-square-foot building on an 18,216-square-foot lot extending from block to block. Located at 24045 Mission Blvd in Hayward, California, the site combines restaurant improvements, residential units, and a large lot within a single property.
The property includes a 7,482-square-foot building on an 18,216-square-foot lot extending from block to block. Located at 24045 Mission Blvd in Hayward, California, the site combines restaurant improvements, residential units, and a large lot within a single property.
Key Highlights
- 7,482‑square‑foot mixed‑use building on an 18,216‑square‑foot lot
- Permitted restaurant with Type 1 venting hood and commercial stove
- Coolers included with the restaurant improvements
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
$145,121
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
6.18%
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%
$2,902,420
$2.9M
Cap Rate 7%
$2,073,157
$2.1M
Cap Rate 9%
$1,612,456
$1.6M
Market Conditions
NOI Build-Up for 7,482 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
$278.3K $37.20/SF
− Vacancy
−$14.5K −$1.93/SF
EGI
$263.9K $35.27/SF
− OpEx
−$118.7K −$15.87/SF
NOI
$145.1K $19.40/SF
Area
Hayward, CA
Vacancy
5.20%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
45.00%
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%
$2,902,420
Cap Rate 7%
$2,073,157
Cap Rate 9%
$1,612,456
Alternative Uses
Best Use
Apartment 5plus
$2.07M
$1.81M – $2.42M
NOI $145,121 @ 7.0% cap · market cap 6.18%
Second Best
Mixed Use
$1.86M
$1.63M – $2.17M
NOI $130,467 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$2.31M
$2.02M – $2.70M
NOI $161,899 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
1,529
Businesses Nearby
Explore this area
Business Placement
Demographics for 94544, CA
79,769
Population
23,990
Households
3.3
Avg Household Size
36
Median Age
27%
College-Educated
79%
High-School Grad
11.0 sq mi
ZIP Area
7,252
Density / Sq Mi
$108,358
Median Household Income
$48,926
Median Earnings
$2,339
Median Rent
$801,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Freestanding property combines a permitted restaurant with three second-floor apartment units.
Where is this mixed-use property located?
The property is located at 24045 Mission Blvd Hayward, CA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 7,482‑square‑foot mixed‑use building on an 18,216‑square‑foot lot; Permitted restaurant with Type 1 venting hood and commercial stove; Coolers included with the restaurant improvements
