Property profile

22561 Main St Hayward, CA 94541

OFF-MARKET
Office buildings
Property ID
US09-7545292
3,250 SF 0.04 ac lot Built 1918
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional two-story medical office building, located at 22561 Main Street in Hayward, California, presents a unique investment opportunity. The 3,250 square foot building, constructed in 1912 and classified as Class B, is situated on a 3,358 square foot lot and features two units. Currently, the building enjoys 50% occupancy, with the ground floor (1,500+ square feet) vacant and readily available for an owner-user or new tenant. The upper floor generates additional income from an existing tenant. The property boasts four on-site parking spaces, supplemented by a city lot at the rear, providing ample parking for patients and staff. Zoned DT-MS, this property benefits from its prime downtown Hayward location, offering convenient access to public transportation, including BART. The asking price is $798,000, translating to $245.54 per square foot. This gross lease property offers a compelling blend of immediate income potential and future growth opportunities in a thriving urban setting. The Alameda County location, with APN 428-56-55&56, and zip code 94541, ensures easy access to a wide range of amenities and services. This is a rare chance to acquire a well-located medical office building with significant upside potential.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1918
Construction TILT-UP CONCRETE
Total area 3,250 SF
Lot 0.04 ac (1,684 SF)
APN 428-56-55
UPID US09-7545292

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Consultant

Location

22561 Main St Hayward, CA 94541-4101
Hayward metro Census 435400 SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$474k
Blend (final) Blend
$290k

Owner & transaction history

since 2024
Last sale
$659,000
7 recorded transactions
2026
Price N/A
2024
$659,000
2011
Price N/A
2009
Price N/A
2007
Price N/A
2000
Price N/A
1993
$260,000

Zoning & alternative use

Top alternative use upside
Retail stores $880,000 +10.2%
Medical building $865,000 +8.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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