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    22320 Foothill Blvd Hayward, CA 94541
    Property profile & analytics

    22320 Foothill Blvd, Hayward, CA 94541

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    • Office Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • East Bay Pain Relief & Welln / Medical Clinic
    • Intercare Therapy / Crisis Center / Medical Clinic
    • Family Paths - Hayward (Family Counseling) / Crisis Center / Medical Clinic
    • Hilmo & Hilmo Psychologists / Physician / Medical Clinic
    • Asnani CPA Tax & Accounting / Accounting Firm

    Property Details for 22320 Foothill Blvd

    Year built
    1988
    Property type
    Office Spaces

    Description

    Plaza Center, a prestigious Class A office building in Hayward, California, offers exceptional office space for lease. Located at 22320 Foothill Blvd, Hayward, CA 94541, this six-story building boasts 16,501 square feet of immediately available space, divisible into units as small as 1,397 square feet and up to a contiguous 3,458 square feet. Built in 1988, the property features four elevators for convenient access to all floors. The building offers stunning views and is ideally situated near numerous restaurants and amenities. The convenient location provides easy access to public transportation, with the Hayward downtown BART station approximately a 15-minute walk away. The building provides ample below-ground parking for tenants and their guests. The rental rate includes utilities and janitorial services, simplifying your operational costs. This multiple-tenancy building presents a fantastic opportunity for businesses seeking modern, well-maintained office space in a vibrant downtown location. Contact us today to schedule a viewing and explore the available spaces to find the perfect fit for your company's needs. The property is categorized as a traditional office building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hayward
    County
    Alameda
    State
    California
    Longitude
    -122.083
    Latitude
    37.6787

    Comparable in this City

    • Value Estimation
      $3,370,000
      11,517 SF

      805 B St

      CONDOMINIUM OFFICES
      805 B St, Hayward, CA 94541-5107
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    • Value Estimation by Request
      6,954 SF

      22523-22527 Main St

      Individual retail properties
      22523-22527 Main St, Hayward, CA 94541
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    • Value Estimation by Request
      7,500 SF

      22710 Foothill Blvd

      Office Spaces
      22710 Foothill Blvd, Hayward, CA 94541
      View Details
    • Value Estimation by Request
      868 SF

      1644 B St

      CONDOMINIUM OFFICES
      1644 B St, Hayward, CA 94541-3020
      View Details
    • Value Estimation by Request

      1260-1290 B St

      Office Units
      1260-1290 B St, Hayward, CA 94541
      View Details
    • Value Estimation by Request
      2,100 SF

      1199 B St

      Office Spaces
      1199 B St, Hayward, CA 94541
      View Details

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    Similar Nearby for Lease

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      Class A Office Building

      Six-story Class A office building in downtown Hayward.
      22320 Foothill Blvd, Hayward, CA 94541
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    Hayward, CA 94541
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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