Two-Unit Flex Warehouse with
For Sale
Contact for pricing
3501-3507 Arden Rd, Hayward, CA 94545
Two-unit flex warehouse property with offices and loading dock access, including a unit leased through 10/31/2032.
Property Size15,000 SF
Price / SF$384.33
Days on Market300
Property Features for 3501-3507 Arden Rd
General Information
Standard status
Active
Size
15,000 SF
Property subtype
INDUSTRIAL
Listing Agency:
Colliers | Pleasanton
(925) 463-2300
Listed By:
Joe Yamin, SIOR
(925) 200-4687
Source:
Moodyscre
Added: Nov 20, 2025
Changed: Sep 5
Last Checked: Sep 15 at 9:03AM
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 | Pleasanton
Investment Insights
Based on property information with market context.
3501–3507 Arden Rd presents a two-unit flex warehouse setup with office space and warehouse areas. Unit 1 is leased through 10/31/2032 and includes approximately 12,000 SF of office, 3,000 SF cooler, and 3,000 SF warehouse, supported by two loading dock positions and one grade level door.
Unit 2 is vacant and offers approximately 11,000 SF office and 6,500 SF warehouse, with one grade level door. The property is located on Arden Road in Hayward, CA 94545.
As advertised, available financing/tenancy details include Unit 1’s in-place lease and Unit 2’s readiness for occupancy. For leasing terms noted in the remarks, Unit 2 is listed at $1.50/SF per month, gross.
Unit 2 is vacant and offers approximately 11,000 SF office and 6,500 SF warehouse, with one grade level door. The property is located on Arden Road in Hayward, CA 94545.
As advertised, available financing/tenancy details include Unit 1’s in-place lease and Unit 2’s readiness for occupancy. For leasing terms noted in the remarks, Unit 2 is listed at $1.50/SF per month, gross.
Key Highlights
- Two‑unit flex warehouse property at 3501 Arden Road
- Unit 1 (3501 Arden Road) leased through 10/31/2032 with approx. 8,000 SF total (approx. 2,000 SF office, 3,000 SF cooler, 3,000 SF warehouse)
- Unit 1 loading: two (2) loading docks plus one (1) grade level door
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
$192,298
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
3.34%
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%
$3,845,960
$3.8M
Cap Rate 7%
$2,747,114
$2.7M
Cap Rate 9%
$2,136,644
$2.1M
Market Conditions
NOI Build-Up for 15,000 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
$239.4K $15.96/SF
− Vacancy
−$13.2K −$0.88/SF
EGI
$226.2K $15.08/SF
− OpEx
−$33.9K −$2.26/SF
NOI
$192.3K $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%
$3,845,960
Cap Rate 7%
$2,747,114
Cap Rate 9%
$2,136,644
Alternative Uses
Best Use
Warehouse
$2.75M
$2.40M – $3.20M
NOI $192,298 @ 7.0% cap · market cap 3.34%
Second Best
Industrial
$2.26M
$1.98M – $2.64M
NOI $158,363 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$4.64M
$4.06M – $5.41M
NOI $324,576 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
721
Businesses Nearby
Balanced
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Jordon's Culinary Creations — 3423 Investment Blvd #7, Hayward, CA 94545
- Duane's Catering and Confections — 3524 Breakwater Ave, Hayward, CA 94545
Frequently Asked Questions
What type of property is this?
Flex space - Two-unit flex warehouse property with offices and loading dock access, including a unit leased through 10/31/2032.
Where is this flex space located?
The property is located at 3501-3507 Arden Rd Hayward, CA.
What is the asking price?
The asking price for this property is $5,765,000.
What are key features of this property?
This property features: Two‑unit flex warehouse property at 3501 Arden Road; Unit 1 (3501 Arden Road) leased through 10/31/2032 with approx. 8,000 SF total (approx. 2,000 SF office, 3,000 SF cooler, 3,000 SF warehouse); Unit 1 loading: two (2) loading docks plus one (1) grade level door
