Warehouse with Office and Secure
For Sale
Contact for pricing
25008-25064 Viking St, Hayward, CA 94545
Warehouse and flex setup includes fenced, secured yard, HVAC office area, and multiple loading doors.
Property Size10,000 SF
Price / SF$375
Days on Market62
Property Features for 25008-25064 Viking St
General Information
Standard status
Active
Size
10,000 SF
Property subtype
INDUSTRIAL
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
18 ft
Dock-High Doors
1
Drive-In Doors
3
Heavy Power
Yes
Listing Agency:
Colliers | Oakland
(510) 986-6770
Listed By:
Mark Maguire · License #01190597
(510) 219-7854
Source:
Moodyscre
Added: Jul 8
Changed: Sep 6
Last Checked: Sep 7 at 11:20AM
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 Colliers | Oakland
Investment Insights
Based on property information with market context.
This flex-style warehouse and office property offers approximately 1,500 SF of office space with HVAC. The warehouse portion includes one dock-high door and three grade-level doors, supported by a clear height range of 16 to 18 feet. The site also features a fenced and secured yard sized at approximately 4,000 SF, providing controlled outdoor storage or staging space.
The property is located at 25008–25064 Viking St in Hayward, CA 94545. Electrical service is noted as 800 amps at 277/480V, subject to tenant verification.
Overall, the combination of an HVAC-equipped office, loading capacity via dock-high and grade-level doors, and a secured yard supports a variety of light industrial and distribution-oriented uses that benefit from both indoor and controlled outdoor space.
The property is located at 25008–25064 Viking St in Hayward, CA 94545. Electrical service is noted as 800 amps at 277/480V, subject to tenant verification.
Overall, the combination of an HVAC-equipped office, loading capacity via dock-high and grade-level doors, and a secured yard supports a variety of light industrial and distribution-oriented uses that benefit from both indoor and controlled outdoor space.
Key Highlights
- ±1,500 SF office area with HVAC
- ±4,000 SF fenced and secured yard
- Loading includes 1 dock‑high door and 3 grade‑level doors
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
$128,199
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
3.42%
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%
$2,563,980
$2.6M
Cap Rate 7%
$1,831,414
$1.8M
Cap Rate 9%
$1,424,433
$1.4M
Market Conditions
NOI Build-Up for 10,000 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
$159.6K $15.96/SF
− Vacancy
−$8.8K −$0.88/SF
EGI
$150.8K $15.08/SF
− OpEx
−$22.6K −$2.26/SF
NOI
$128.2K $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 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%
$2,563,980
Cap Rate 7%
$1,831,414
Cap Rate 9%
$1,424,433
Alternative Uses
Best Use
Warehouse
$1.83M
$1.60M – $2.14M
NOI $128,199 @ 7.0% cap · market cap 3.42%
Second Best
Industrial
$1.51M
$1.32M – $1.76M
NOI $105,575 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$3.09M
$2.70M – $3.61M
NOI $216,384 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
18 ft
Clear height
1
Dock-high doors
3
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
993
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Warehouse and flex setup includes fenced, secured yard, HVAC office area, and multiple loading doors.
Where is this flex space located?
The property is located at 25008-25064 Viking St Hayward, CA.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: ±1,500 SF office area with HVAC; ±4,000 SF fenced and secured yard; Loading includes 1 dock‑high door and 3 grade‑level doors
