Bay Area Mixed-Use
For Sale
$899,888
497 A Street, Hayward, CA 94541
Fully leased mixed-use property near Downtown Hayward with high visibility.
Property Size2,110 SF
Price / SF$426.49
Days on Market351
Property Features for 497 A Street
General Information
Standard status
Active
Size
2,110 SF
Property subtype
Commercial
Amenities
Common Garage
Handicapped Bathroom Features
No Heat Heating
Off Street Parking
On Street
Parking Area
Tar & Gravel Roof
Tile Flooring
Wheelchair Access
Building Details
Year Built
1966
Listing Agency:
LANDMARK REAL ESTATE SERVICES
(650) 995-9300
Listed By:
MOEEN ABUDAMOUS · License #01460387
Source:
Corcoran
Added: Aug 26, 2025
Changed: Aug 8
Last Checked: Aug 8 at 12:02PM
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 LANDMARK REAL ESTATE SERVICES
Investment Insights
Based on property information with market context.
This mixed-use property is located in the Bay Area and offers a commercial investment opportunity. The property is fully leased and generates an annual gross income of $65,100. It features a strong tenant mix and is situated on a high-traffic corner, providing great visibility and easy access to Hwy 880. The location is near Downtown Hayward and Costco Business Center. The property has a reliable rental history and is consistently fully occupied. Zoned CN-R (Neighborhood Commercial-Residential), the property offers flexible use options. There is potential to separate electrical meters to generate extra income. The property contains 2,110 square feet. It may be suitable for investors or owner-users looking to establish an office or business with maximum exposure while collecting rent.
Key Highlights
- High‑traffic corner location with excellent visibility and easy access to Hwy 880.
- Fully leased mixed‑use property generating $65,100 annual gross income.
- Strong tenant mix and reliable rental history with consistent full occupancy.
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
$36,793
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
4.09%
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%
$735,860
$735.9K
Cap Rate 7%
$525,614
$525.6K
Cap Rate 9%
$408,811
$408.8K
Market Conditions
NOI Build-Up for 2,110 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
$63.3K $30.00/SF
− Vacancy
−$4.4K −$2.10/SF
EGI
$58.9K $27.90/SF
− OpEx
−$22.1K −$10.46/SF
NOI
$36.8K $17.44/SF
Area
Hayward, CA
Vacancy
7.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
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%
$735,860
Cap Rate 7%
$525,614
Cap Rate 9%
$408,811
Alternative Uses
Best Use
Mixed Use
$525.6K
$459.9K – $613.2K
NOI $36,793 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$652.2K
$570.7K – $761.0K
NOI $45,657 @ 7.0% cap · market cap 5.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,168
Businesses Nearby
Explore this area
Business Placement
Demographics for 94541, CA
69,736
Population
23,217
Households
3
Avg Household Size
36
Median Age
30%
College-Educated
82%
High-School Grad
7.5 sq mi
ZIP Area
9,298
Density / Sq Mi
$106,556
Median Household Income
$52,023
Median Earnings
$2,229
Median Rent
$781,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased mixed-use property near Downtown Hayward with high visibility.
Where is this mixed-use property located?
The property is located at 497 A Street Hayward, CA.
What is the asking price?
The asking price for this property is $899,888.
What are key features of this property?
This property features: High‑traffic corner location with excellent visibility and easy access to Hwy 880.; Fully leased mixed‑use property generating $65,100 annual gross income.; Strong tenant mix and reliable rental history with consistent full occupancy.
