Listing Agency: Avison Young | Palo Alto Show Phone

Listed By: Lloyd Bakan · License #01914446 Show Phone

Source: Moodyscre

Added: May 11 Changed: Oct 3 Last Checked: Oct 23 at 6:55AM

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Investment Insights

Based on property information with market context.

This for-sale commercial property is a multi-tenant office and retail building with listed 95% occupancy. The site has approximately 70 feet of frontage on A Street, and the lot extends block to block from A Street to Smalley Street. Permitted uses include mixed-use residential, professional office, retail/restaurant/service, and daycare.

Located about two blocks from the Hayward BART station, the property is positioned in a high-profile downtown Hayward area and is described as immediately adjacent to new mixed-use development. The remarks also note the property is located within an Opportunity Zone and is surrounded by coffee houses, restaurants, markets, and banks.

Key Highlights

• 2 blocks from the Hayward BART station in downtown Hayward
• 70‑foot frontage on A Street with block‑to‑block lot depth from A Street to Smalley Street
• Multi‑tenant office and retail building with 95% occupancy

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$195,650

Cap Rate

6.55%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,913,000 $3.9M

Cap Rate 7%

$2,795,000 $2.8M

Cap Rate 9%

$2,173,889 $2.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,508 SF

Gross rent

$330.2K $26.40/SF

− Vacancy

−$69.3K −$5.54/SF

EGI

$260.9K $20.86/SF

− OpEx

−$65.2K −$5.21/SF

NOI

$195.7K $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 Rate 5%

$3,913,000

Cap Rate 7%

$2,795,000

Cap Rate 9%

$2,173,889

Alternative Uses

Best Use

Office B

$2.79M

$2.45M – $3.26M (±1% cap)

NOI $195,650 @ 7.0% cap · market cap 6.55%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.87M

$3.38M – $4.51M (±1% cap)

NOI $270,653 @ 7.0% cap · market cap 9.06%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Holistic Esthetics & Restorative ... Hair Salon Home Instead Home ... Home Health Care Service Midpeninsula Citizen For Fair Housing Authority Beauty by Francesca Big Box & Wholesale Store Waxing with Davonda Hair Salon

Suggested Use

Top Pick Real Estate Agency Electrical Service (Bike/Boat/Book/etc) Store Pharmacy Pet Grooming Service Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,266

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

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Multi-tenant office and retail building with 70-foot frontage and listed 95% occupancy near Hayward BART.

Where is this office building located?

The property is located at 770 A St Hayward, CA.

What is the asking price?

The asking price for this property is $2,988,888.

What are key features of this property?

This property features: 2 blocks from the Hayward BART station in downtown Hayward; 70‑foot frontage on A Street with block‑to‑block lot depth from A Street to Smalley Street; Multi‑tenant office and retail building with 95% occupancy