1036 A StHayward, CA 94541
- Office properties
- 13,240 SF
Property Details for 1036 A St
- Year built
- 1959
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.47 AC
- Property size (Sq ft)
- 13,240 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 428-61-17-2
- APU
- 42861172
Description
This three-story, 13,700-square-foot office building in Hayward, CA, presents a compelling investment opportunity. Located at 1036 A St, in the desirable North Hayward/Castro Valley Corridor, this property boasts excellent visibility and signage due to its location on a major arterial. Built in 1965, the brick-framed building features a flat tar and gravel roof and concrete slab foundation. The 0.48-acre lot includes a gated parking area with approximately 37 spaces, accessible from A Street and Maple Court. Currently, three floors are vacant, offering a strong repositioning opportunity. The property is zoned CG, allowing for office and storefront retail uses. With a Net Operating Income (NOI) of $51,499 and an asking price of $2,850,000, the cap rate is 1.81%. The property's APN is 428-0061-017-02. Significant redevelopment is underway in the immediate vicinity, further enhancing the property's long-term value. This is an exceptional chance to acquire a well-located asset with significant upside potential in a thriving area. The building consists of 628 units.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $6,115,053
- 6.5%
- $5,644,664
- 7%
- $5,241,474
-
Comparable approach
- Method
- Valuation
- Relative Method
- $4,373,085
- Geo Method
- $3,692,768
-
Alternative Use
- Use
- Valuation
- Residential
- $6,999,384
- Hospitality
- $6,411,398
- Educational
- $5,334,208
- Medical
- $5,517,660
- Retail
- $8,297,656
Location Insight
- City
- Hayward
- County
- Alameda
- State
- California
- Latitude
- 37.6748
- Longitude
- -122.083
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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