Vacant-Delivery Quadplex
For Sale
Contact for pricing
25583 Spring Dr, Hayward, CA 94542
Four-unit, two-story building with attached three-car garage and solar panels leased to offset utilities.
Property Size3,196 SF
Price / SF$500.31
Days on Market119
Property Features for 25583 Spring Dr
General Information
Standard status
Active
Size
3,196 SF
Class
C
Total Parking Spaces
3
Property subtype
Multifamily
Investment Type
Core
Net Operating Income
$97,079
Building Details
Year Built
1995
Buildings
1
Stories
2
Units
4
Listing Agency:
Compass Commercial Real Estate
Listed By:
Tony Zizzo · License #CA#01962093
(415) 345-3000
Source:
Crexi
Added: May 11
Changed: Sep 4
Last Checked: Jul 23 at 9:09AM
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 Compass Commercial Real Estate
Investment Insights
Based on property information with market context.
25583 Spring Drive is a four-unit, two-story multifamily building offering vacant delivery of all units. The unit mix includes three 2BD/2BA residences and one 2BD/1BA unit. Built in 1995, the property totals 3,196 SF on a 6,204 SF lot and includes a three-car garage.
The asset is approximately one mile from Cal State East Bay and is described as positioned between San Francisco, Oakland, and Silicon Valley, with regional connectivity via I-880, Hwy 92, and the South Hayward BART Station. Certain units are described as having in-unit washer/dryer plus central heat and central A/C.
The building is equipped with leased solar panels that are intended to offset common area utility costs, and it includes a tenant utility bill-back structure. The solar lease is noted as assumable.
The asset is approximately one mile from Cal State East Bay and is described as positioned between San Francisco, Oakland, and Silicon Valley, with regional connectivity via I-880, Hwy 92, and the South Hayward BART Station. Certain units are described as having in-unit washer/dryer plus central heat and central A/C.
The building is equipped with leased solar panels that are intended to offset common area utility costs, and it includes a tenant utility bill-back structure. The solar lease is noted as assumable.
Key Highlights
- Four‑unit, two‑story multifamily built in 1995 with 3,196 SF total on a 6,204 SF lot
- Unit mix: (3) 2BD/2BA and (1) 2BD/1BA
- All four units to be delivered vacant for buyer flexibility on tenants and rents
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
$68,905
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
4.31%
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%
$1,378,100
$1.4M
Cap Rate 7%
$984,357
$984.4K
Cap Rate 9%
$765,611
$765.6K
Market Conditions
NOI Build-Up for 3,196 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
$103.6K $32.40/SF
− Vacancy
−$5.1K −$1.60/SF
EGI
$98.4K $30.80/SF
− OpEx
−$29.5K −$9.24/SF
NOI
$68.9K $21.56/SF
Area
Hayward, CA
Vacancy
4.94%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
30.00%
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%
$1,378,100
Cap Rate 7%
$984,357
Cap Rate 9%
$765,611
Alternative Uses
Best Use
Multifamily LT 5
$984.4K
$861.3K – $1.15M
NOI $68,905 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$885.6K
$774.9K – $1.03M
NOI $61,990 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$987.9K
$864.5K – $1.15M
NOI $69,156 @ 7.0% cap · market cap 4.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
569
Businesses Nearby
Explore this area
Business Placement
Demographics for 94542, CA
15,691
Population
5,232
Households
3
Avg Household Size
36
Median Age
48%
College-Educated
89%
High-School Grad
8.7 sq mi
ZIP Area
1,804
Density / Sq Mi
$131,989
Median Household Income
$58,093
Median Earnings
$2,605
Median Rent
$1,085,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit, two-story building with attached three-car garage and solar panels leased to offset utilities.
Where is this quadplex located?
The property is located at 25583 Spring Dr Hayward, CA.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Four‑unit, two‑story multifamily built in 1995 with 3,196 SF total on a 6,204 SF lot; Unit mix: (3) 2BD/2BA and (1) 2BD/1BA; All four units to be delivered vacant for buyer flexibility on tenants and rents
