29605 Pacific St Hayward, CA 94544
Property profile & analytics
29605 Pacific St, Hayward, CA 94544
- Warehouses
- 5,100 SF
- 1.11 lot acres
Property ID
US09-8386920
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Hayward Pacific Storage / Storage Facility
- U-Haul Neighborhood Dealer / Car Rental Facility
Property Details for 29605 Pacific St
- Year built
- 1961
- Construction
- WOOD
- Lot size
- 1.11 lot acres
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 83-453-7
- APU
- 834537
Description
This exceptional value-add self-storage opportunity in Hayward, CA, presents a compelling investment prospect. The property, known as Hayward Pacific Mini Storage, comprises 225 units across eight single-story buildings totaling 61,700 net rentable square feet on a 2.66-acre lot. Built in 1969, the facility boasts convenient drive-up access, 24-hour camera surveillance, and a secure gated entrance, enhancing tenant appeal and security. Currently operating at 88% occupancy (as of June 1, 2024), the property generates a current NOI of $380,819, translating to a 6.04% cap rate. Pro-forma projections indicate a significant increase in NOI to $427,905 and a 6.79% cap rate. The asking price is $6,300,000, representing a price per unit of $28,000 and a land value of $54.37 per square foot. The property's strategic location in Hayward provides easy access to major employment centers in Oakland, the Peninsula, Tri-Valley, Silicon Valley, and San Francisco, further enhanced by proximity to Interstate 880, Interstate 580, the San Mateo-Hayward Bridge, and BART stations. Zoned IL, this asset offers significant upside potential for investors seeking a strong performing, well-located self-storage facility in a thriving Bay Area market. The property's current mom-and-pop ownership structure presents an opportunity for streamlined management and operational improvements.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $940,000
- 6.5%
- $865,000
- 7%
- $805,000
-
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $1,045,000 Current use
- RETAIL STORES
- $1,480,000 Change: +41% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $1,400,000 Change: +34% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $1,375,000 Change: +32% Conversion: Difficult
- MEDICAL BUILDING
- $1,360,000 Change: +30% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Hayward
- County
- Alameda
- State
- California
- Longitude
- -122.053
- Latitude
- 37.6262
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$29,407
$2,308,110
$74,284
$2,382,394
-
$0.00
$0.00
$0.00
