Industrial Building with Secured
For Sale
Contact for pricing
25024 Viking Street, Hayward, CA 94545
A 10,000 SF warehouse with built-in office space and a fenced, secured yard for material or equipment storage.
Property Size10,000 SF
Price / SF$375
Days on Market53
Property Features for 25024 Viking Street
General Information
Standard status
Active
Size
10,000 SF
Total Parking Spaces
12
Property subtype
Industrial
Additional Details
Fenced Yard
Yes
Listing Agency:
Colliers - Oakland, California
(510) 910-5616
Listed By:
Justin Smutko · License #CA 01904637
Source:
Crexi
Added: Jul 1
Changed: Aug 14
Last Checked: Aug 21 at 8:29PM
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, California
Investment Insights
Based on property information with market context.
This industrial building includes a 10,000 SF warehouse paired with approximately 1,500 SF of office area. The office space is equipped with HVAC, supporting day-to-day operations and on-site staff use. The property also features approximately 4,000 SF of fenced and secured yard, designed for controlled storage and staging. Parking is available with twelve dedicated spaces on site.
The property is located at 25024 Viking Street in Hayward, California, approximately one mile from Highway 92, providing convenient access for employees, vendors, and deliveries within the broader Bay Area. The combination of warehouse space, office improvements, and secured outdoor yard space supports a range of industrial and light distribution workflows.
For tenants, buyers, or operators seeking an end-to-end industrial setup, this configuration offers practical separation between work space and office support, along with fenced yard space for equipment, materials, or overflow storage. The presence of on-site parking further supports regular visits and daily operations without relying solely on off-site alternatives.
The property is located at 25024 Viking Street in Hayward, California, approximately one mile from Highway 92, providing convenient access for employees, vendors, and deliveries within the broader Bay Area. The combination of warehouse space, office improvements, and secured outdoor yard space supports a range of industrial and light distribution workflows.
For tenants, buyers, or operators seeking an end-to-end industrial setup, this configuration offers practical separation between work space and office support, along with fenced yard space for equipment, materials, or overflow storage. The presence of on-site parking further supports regular visits and daily operations without relying solely on off-site alternatives.
Key Highlights
- 10,000 SF warehouse building for sale at 25024 Viking Street, Hayward, CA
- Includes 1,500 SF office space with HVAC
- 4,000 SF fenced and secured yard for material or equipment storage
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
$156,420
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
4.17%
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%
$3,128,400
$3.1M
Cap Rate 7%
$2,234,571
$2.2M
Cap Rate 9%
$1,738,000
$1.7M
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
$264.0K $26.40/SF
− Vacancy
−$55.4K −$5.54/SF
EGI
$208.6K $20.86/SF
− OpEx
−$52.1K −$5.21/SF
NOI
$156.4K $15.64/SF
Area
Hayward, CA
Vacancy
21.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$3,128,400
Cap Rate 7%
$2,234,571
Cap Rate 9%
$1,738,000
Alternative Uses
Best Use
Office B
$2.23M
$1.96M – $2.61M
NOI $156,420 @ 7.0% cap · market cap 4.17%
Second Best
Warehouse
$1.83M
$1.60M – $2.14M
NOI $128,199 @ 7.0% cap · market cap 3.42%
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
Property Profile
Current Use
Lease Details
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - A 10,000 SF warehouse with built-in office space and a fenced, secured yard for material or equipment storage.
Where is this warehouse located?
The property is located at 25024 Viking Street 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: 10,000 SF warehouse building for sale at 25024 Viking Street, Hayward, CA; Includes 1,500 SF office space with HVAC; 4,000 SF fenced and secured yard for material or equipment storage
