Office/Retail Building with 70-Foot
For Sale
Contact for pricing
770 A St, Hayward, CA 94541
Multi-tenant office and retail building with 70-foot frontage and listed 95% occupancy near Hayward BART.
Property Size12,508 SF
Price / SF$238.96
Days on Market121
Property Features for 770 A St
General Information
Standard status
Active
Size
12,508 SF
Property subtype
OFFICE
Listing Agency:
Avison Young | Palo Alto
(408) 913-6910
Listed By:
Lloyd Bakan · License #01914446
(424) 265-9200
Source:
Moodyscre
Added: May 11
Changed: Aug 16
Last Checked: Aug 14 at 7:50AM
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 Avison Young | Palo Alto
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.
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 = 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
$195,650
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
6.55%
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%
$3,913,000
$3.9M
Cap Rate 7%
$2,795,000
$2.8M
Cap Rate 9%
$2,173,889
$2.2M
Market Conditions
NOI Build-Up for 12,508 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
$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 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%
$3,913,000
Cap Rate 7%
$2,795,000
Cap Rate 9%
$2,173,889
Alternative Uses
Best Use
Office B
$2.79M
$2.45M – $3.26M
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
NOI $270,653 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
