Industrial Flex Office
For Sale
$1,690,000
7-21087 Cabot Blvd, Hayward, CA 94545
Two-level work and office layout with a 10x14 electric roll-up door, offices, and on-site HVAC.
Property Size3,867 SF
Lot Size7,350.00 Acres
Price / SF$437.03
Days on Market552
Property Features for 7-21087 Cabot Blvd
General Information
Standard status
Active
Size
3,867 SF
Lot size
7,350.00 Acres
Additional Details
Business Included
Yes
Drive-In Doors
1
Building Details
Stories
2
Listing Agency:
Top Travisso Realty and Investment
(408) 930-1487
Listed By:
Amanda Lai · License #01771466
(408) 930-1487
Source:
Exprealty
Added: Feb 4, 2025
Changed: Jul 10
Last Checked: Aug 10 at 7:33AM
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 Top Travisso Realty and Investment
Investment Insights
Based on property information with market context.
Radley Court OA commercial condo offers a two-level flex-style layout totaling 3,867 square feet on a 7,350 square foot lot. Level one features a spacious work floor with equipment and a walk-in freezer, along with six offices, one full bath with shower, and a half bath that was newly upgraded. Level one also includes a 10x14 electric roll-up door for direct loading access.
Level two provides five workrooms plus a living room and meeting room, supported by a gourmet kitchenette with a granite countertop. Laminate flooring runs throughout the second floor, and HVAC is on the property. Recent capital improvements include a new roof installed by the OA in 2024 and completed in 2025.
This configuration is well-suited for tenants and buyers seeking a blended environment for hands-on work alongside dedicated office and meeting space. The combination of multiple office/workroom areas, a walk-in freezer, and a large electric roll-up door supports day-to-day operational workflows where both production and client-facing functions may share the same footprint.
Level two provides five workrooms plus a living room and meeting room, supported by a gourmet kitchenette with a granite countertop. Laminate flooring runs throughout the second floor, and HVAC is on the property. Recent capital improvements include a new roof installed by the OA in 2024 and completed in 2025.
This configuration is well-suited for tenants and buyers seeking a blended environment for hands-on work alongside dedicated office and meeting space. The combination of multiple office/workroom areas, a walk-in freezer, and a large electric roll-up door supports day-to-day operational workflows where both production and client-facing functions may share the same footprint.
Key Highlights
- Radley Court OA commercial condo with 3,867 sqft and 7,350 sqft lot size (per county records)
- Level One includes a spacious work floor with equipment, walk‑in freezer, 6 offices, and 1 full bath plus 1 half bath (newly upgraded)
- Level One also features a 10x14 electric roll‑up door for loading or access
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
$60,488
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
3.58%
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%
$1,209,760
$1.2M
Cap Rate 7%
$864,114
$864.1K
Cap Rate 9%
$672,089
$672.1K
Market Conditions
NOI Build-Up for 3,867 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
$102.1K $26.40/SF
− Vacancy
−$21.4K −$5.54/SF
EGI
$80.7K $20.86/SF
− OpEx
−$20.2K −$5.21/SF
NOI
$60.5K $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%
$1,209,760
Cap Rate 7%
$864,114
Cap Rate 9%
$672,089
Alternative Uses
Best Use
Office B
$864.1K
$756.1K – $1.01M
NOI $60,488 @ 7.0% cap · market cap 3.58%
Second Best
Industrial
$583.2K
$510.3K – $680.4K
NOI $40,826 @ 7.0% cap · market cap 2.42%
Theoretical Best
Office A
$1.20M
$1.05M – $1.39M
NOI $83,676 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
Well-served
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two-level work and office layout with a 10x14 electric roll-up door, offices, and on-site HVAC.
Where is this flex space located?
The property is located at 7-21087 Cabot Blvd Hayward, CA.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: Radley Court OA commercial condo with 3,867 sqft and 7,350 sqft lot size (per county records); Level One includes a spacious work floor with equipment, walk‑in freezer, 6 offices, and 1 full bath plus 1 half bath (newly upgraded); Level One also features a 10x14 electric roll‑up door for loading or access
