Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    28538 Huntwood Ave Hayward, CA 94544

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,850,000

    1.24 acre parcel near BART station, development potential.

    Property Features for 28538 Huntwood Ave

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Victor Kuang
    Source: Corcoran

    Listing Agency: BAYONE REAL ESTATE INVESTMENT CORPORATION Listing Agent: Victor Kuang

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Large Land Parcel Near BART

    The property at 28538 Huntwood Avenue is a level parcel of land encompassing 54,014 square feet, equivalent to 1.24 acres. Situated in an urban area, the site is located 0.7 miles (1677 feet radius) from the South Hayward BART station. According to California Senate Bill 79, effective July 1, 2026, the zoning allows for various development options. These include the construction of a 6-story building with 37 units, or alternatively, the development of 20 three-story townhouses. Other potential uses include senior living. The previous owner had engaged in discussions with the city regarding development options.
    Location Intelligence

    Current Use by Public Records

    Rica’s Pupusas Restaurant

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hayward
    County
    Alameda
    State
    California
    Longitude
    -122.0624938
    Latitude
    37.6315856

    Nearby Similar for Sale

    • $550,000
      3,768 SF

      World Famous Turf Club

      High-profile legacy business with full bar and liquor license.
      22519 Main St, Hayward, CA 94541
      View Details
    • New
      $220,000
      1,428 SF

      Hayward Airport Hangar with Ground Lease

      Hangar with ground lease through 2061 at Hayward Executive Airport.
      20999 Skywest Dr, Hayward, CA 94541
      View Details
    • $3,800,000
      Pending

      Hayward Adult Residential Facility

      Adult residential facility with 32 beds in Hayward, California.
      263 Medford Ave, Hayward, CA 94541
      View Details
    • $1,189,000
      2,010 SF

      Hayward Duplex in Fairway Greens

      Clean duplex with income potential near highway 880.
      30236 Vanderbilt St, Hayward, CA 94544
      View Details
    • $1,372,798
      3,465 SF

      Hayward Multifamily Investment Opportunity

      Five-unit property near transportation with long-term tenants.
      22241 S Garden Ave, Hayward, CA 94541
      View Details
    • $1,372,798
      3,465 SF

      Hayward Multifamily Investment Opportunity

      Five-unit property near transportation with long-term tenants.
      22241 S Garden Ave, Hayward, CA 94541
      View Details
    • $1,250,000
      Pending

      Hayward Fourplex: Investment Opportunity

      Well-maintained Hayward fourplex with desirable unit mix and convenient location.
      224 Flanders Ct, Hayward, CA 94541
      View Details
    • New
      $1,800,000
      2,301 SF

      Income-Generating Property in Fairview Hills

      Two detached homes on 1.25 acres with subdivision potential.
      2468 Hidden Ln, Hayward, CA 94541
      View Details
    • $1,719,000
      3,200 SF

      Hayward Fourplex in Desirable Area

      Income-producing fourplex with renovated units and tenant-paid utilities.
      250 Schafer Rd, Hayward, CA 94544
      View Details
    • $975,000
      1,802 SF

      Hayward Triplex with Updated Units

      Well-maintained triplex near downtown Hayward with updated kitchens and laundry.
      537 Dean St, Hayward, CA 94541
      View Details
    • New
      $749,000
      776 SF

      Downtown Hayward Restaurant Opportunity

      Restaurant space in downtown Hayward with established food service history.
      951 C St, Hayward, CA 94541
      View Details
    • $740,000

      Retail Property in Downtown Hayward

      Five-unit retail property in downtown Hayward near BART.
      22531 Main St, Hayward, CA 94541
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.24 acre parcel near BART station, development potential.
    Where is this commercial land located?
    The property is located at 28538 Huntwood Ave Hayward, CA.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: - Large, level parcel of land: 54,014 square feet (1.24 acres).; - Zoned for a 6-story building with 37 units.; - Potential for development into 20 three-story townhouses.
    (408) 837-0608
    Request Owner's contact information
    28538 Huntwood Ave Hayward, CA 94544
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    28538 Huntwood Ave
    Hayward, CA 94544
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    28538 Huntwood Ave Hayward, CA 94544
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Victor Kuang
    (408) 837-0608 (408) 802-6923 (408) 837-4489
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!