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    21598 Foothill Blvd Hayward, CA 94541

    Sponsored
    For Sale
    $14,275,000

    70-key hotel, excellent location, high revenue.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Exceptional investment opportunity: The Budget Inn Hayward, a 70-key hotel built in 1967, is offered at $14,275,000. This established property boasts a prime location in Hayward, California, at 21598 Foothill Blvd, 94541, offering excellent visibility and accessibility. The hotel features a mix of room types, including 45 King rooms and 25 rooms with two Queen beds, all designed with modern amenities for guest comfort. Amenities include a fitness center and business center, along with complimentary Wi-Fi throughout. Its strategic location near Interstates 580 and 880, Highways 238 and 92, provides easy access for travelers. The hotel also enjoys views of the Bay Area waters. Currently operational and generating revenue, this property presents a compelling opportunity for investors seeking a successful hospitality venture in Alameda County. Nearby attractions include the Hayward Japanese Gardens, Garin Regional Park, and California State University East Bay, further enhancing its appeal to guests. This is a rare chance to acquire a well-established hotel in a thriving location.

    Property Features for 21598 Foothill Blvd

    General Information

    Property type
    Hotels

    Building Details

    Year Built
    1967

    HighLights

    • 70‑key hotel in Hayward, CA, offered at $14,275,000.
    • Prime location at 21598 Foothill Blvd, Hayward, CA 94541, with excellent visibility and accessibility.
    • Room mix includes 45 King rooms and 25 double Queen rooms, all with modern amenities.
    • Amenities include fitness center, business center, and complimentary Wi‑Fi.
    • Convenient access to Interstates 580 & 880, and Highways 238 & 92.
    • Bay Area water views.
    Property Profile Location Intelligence

    Current Use by Public Records

    Budget Inn Hayward ... Motel

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hayward
    County
    Alameda
    State
    California
    Longitude
    -122.0886334
    Latitude
    37.6836769

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    FAQs

    What type of property is this?
    Hotel - 70-key hotel, excellent location, high revenue.
    Where is this hotel located?
    The property is located at 21598 Foothill Blvd Hayward, CA.
    What is the asking price?
    The asking price for this property is $14,275,000.
    What are key features of this property?
    This property features: 70-key hotel in Hayward, CA, offered at $14,275,000.; Prime location at 21598 Foothill Blvd, Hayward, CA 94541, with excellent visibility and accessibility.; Room mix includes 45 King rooms and 25 double Queen rooms, all with modern amenities.
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    21598 Foothill Blvd Hayward, CA 94541
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    Hayward, CA 94541
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    21598 Foothill Blvd Hayward, CA 94541
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