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    Multi-Tenant High Rise Office Building Title is generated by Realmo AI

    24301 Southland Dr, Hayward, CA 94545

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    Six-story office building with basement offices and ample parking.

    Type:Retail, Office
    Property size:
    127,061 SF
    Added:
    Mar 17, 2021
    Days on Market:
    1893
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 24301 Southland Dr

    General Information

    Standard status
    Active
    Size
    127,061 SF
    Property subtype
    Retail, Office

    Spaces For Lease

    at 24301 Southland Dr Contact us

    200B $2/Mo

    Size
    2,042 SF
    Type
    Office
    Features 2 private offices, large open area, kitchenette and storage room.
    Contact us

    618 $2/Mo

    Size
    2,235 SF
    Type
    Office
    3-private offices, open area, training and storage rooms.nAvailable February 1st.
    Contact us

    Basement B10 $1.25/Mo

    Size
    1,039 SF
    Type
    Office
    Basement space, no windows.
    Contact us

    Basement B5 $1.25/Mo

    Size
    1,297 SF
    Type
    Office
    Basement space, no windows.
    Contact us

    609 $2/Mo

    Size
    1,437 SF
    Type
    Office
    Contact us

    Suite 510 $2/Mo

    Size
    629 SF
    Type
    Office
    Corner suite with 3 private offices and reception/work area.
    Contact us

    Suite 505 $2/Mo

    Size
    2,275 SF
    Type
    Office
    Former dental space with various rooms.
    Contact us

    Suite 424 $2/Mo

    Size
    675 SF
    Type
    Office
    Fourth floor with 2 rooms.
    Contact us

    Suite 206 $2/Mo

    Size
    923 SF
    Type
    Office
    3 private offices and work/reception area.
    Contact us

    Basement B101 $1.25/Mo

    Size
    1,056 SF
    Type
    Office
    Basement suite with a couple of rooms. No windows.
    Contact us

    Basement B1 $1.25/Mo

    Size
    1,451 SF
    Type
    Office
    Basement space, no windows.
    Contact us

    Basement B3 $1.25/Mo

    Size
    1,070 SF
    Type
    Office
    Basement space, no windows.
    Contact us
    Show more

    We can help!

    Listing Contact
    Paul Mader
    Paul Mader

    Listing agent Paul Mader License #CA 00795784

    Listing office MTC Commercial Real Estate

    Listing date Mar 17, 2021

    Source Crexi

    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 MTC Commercial Real Estate

    HighLights

    • Direct access to Interstate 880 and proximity to San Mateo Bridge.
    • Located across the street from Southland Shopping Center.
    • Multi‑tenant office building with 127,061 sq.ft. on six floors plus basement offices.
    • Ample parking available.
    • Common conference room for tenants.
    • Restaurants in the immediate area (Panera Bread, Applebee's, Famous Dave's BBQ, Panda Express).

    Overview

    This multi-tenant high rise office building offers 127,061 square feet of space across six floors, with additional office space in the basement. The building features a common conference room for tenant use and a FedEx drop box. Ample parking is available. The location provides convenient access to Interstate 880 and direct access to the San Mateo Bridge. It is situated across the street from Southland Shopping Center. Restaurants such as Panera Bread, Applebee's, Famous Dave's BBQ, and Panda Express are in the immediate area. Tenant improvements are available. Call for information on available suites.
    Property Profile Location Intelligence

    Current Use by Public Records

    Integrated pain care Medical Clinic ImaTx Inc (Bike/Boat/Book/etc) Store Dr. Chrissie W. ... Dental Office La Familia Counseling ... Family Counselor Farmers Insurance - Jordan ... Insurance Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hayward
    County
    Alameda
    State
    California
    Longitude
    -122.1052278
    Latitude
    37.6533006

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    FAQs

    What type of property is this?
    Office building - Six-story office building with basement offices and ample parking.
    Where is this office building located?
    The property is located at 24301 Southland Dr Hayward, CA.
    What are key features of this property?
    This property features: Direct access to Interstate 880 and proximity to San Mateo Bridge.; Located across the street from Southland Shopping Center.; Multi‑tenant office building with 127,061 sq.ft. on six floors plus basement offices.
    (510) 206-3156 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Paul Mader
    Paul Mader
    Real Estate License ID: CA 00795784
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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