Downtown Hayward Office Buildings
For Sale
$1,795,000
Pending
578 B Street, Hayward, CA 94541
Two revitalized office buildings on a large lot in Hayward.
Property Size5,844 SF
Lot Size0.70 Acres
Days on Market162
Property Features for 578 B Street
General Information
Standard status
Pending
Size
5,844 SF
Lot size
0.70 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1962
Listing Agency:
BSR Realty Inc
(510) 538-2131
Listed By:
Dwight Roberts · License #00559258
(510) 538-2131
Source:
Exitrealty
Added: Mar 23
Changed: Aug 25
Last Checked: Aug 31 at 3:27PM
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 BSR Realty Inc
Investment Insights
Based on property information with market context.
Located in the heart of Downtown Hayward, this offering presents a rare opportunity for both owner-users and investors. The property consists of two office buildings at 570 and 578 B Street, being sold together on a 0.70-acre (30,492 sq. ft.) lot. Positioned within the high-intensity Downtown Core (DC) zoning district, the property is suitable for owner-operators and developers. The buildings are move-in ready and have been revitalized with new interior and exterior paint, fresh carpeting, and a newly resurfaced parking lot. A newly installed security gate entrance secures the entire perimeter, offering privacy and safety in a high-traffic urban setting. The location has a bike score of 59, indicating it is bikeable, a walk score of 50, indicating car-dependent, and a transit score of 48, indicating some transit options are available.
Key Highlights
- Rare opportunity to acquire two office buildings in Downtown Hayward on a large 0.70‑acre lot.
- Move‑in ready, fully revitalized buildings with new interior and exterior paint, fresh carpeting, and resurfaced parking lot.
- Located in the high‑intensity Downtown Core (DC) zoning district, ideal for owner‑operators and developers.
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
$91,412
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
5.09%
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%
$1,828,240
$1.8M
Cap Rate 7%
$1,305,886
$1.3M
Cap Rate 9%
$1,015,689
$1.0M
Market Conditions
NOI Build-Up for 5,844 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
$154.3K $26.40/SF
− Vacancy
−$32.4K −$5.54/SF
EGI
$121.9K $20.86/SF
− OpEx
−$30.5K −$5.21/SF
NOI
$91.4K $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%
$1,828,240
Cap Rate 7%
$1,305,886
Cap Rate 9%
$1,015,689
Alternative Uses
Best Use
Office B
$1.31M
$1.14M – $1.52M
NOI $91,412 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,455 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,191
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two revitalized office buildings on a large lot in Hayward.
Where is this office building located?
The property is located at 578 B Street Hayward, CA.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Rare opportunity to acquire two office buildings in Downtown Hayward on a large 0.70‑acre lot.; Move‑in ready, **fully revitalized buildings** with new interior and exterior paint, fresh carpeting, and resurfaced parking lot.; Located in the high‑intensity Downtown Core (DC) zoning district, ideal for owner‑operators and developers.
