This exceptional 14,928 square foot medical office space, formerly a Walgreens, presents a unique investment opportunity in Hayward, California. Located at 21463 Foothill Blvd, this single-tenant property boasts a highly desirable location at a high-traffic corner, benefiting from 49,020 daily vehicles passing on Foothill Boulevard and 7,423 on Grove Street. Its strategic position offers excellent visibility and accessibility for patients and staff. The building is zoned CG and features ample parking with 61 spaces, eliminating parking concerns for both employees and clients. While the building's square footage is currently listed as 0, the actual usable space is 14,928 square feet. The property is available for occupancy on December 1st. Its proximity to the 580 and 238 freeway exits ensures convenient access for a wide patient base. This established retail location provides a strong foundation for a thriving medical practice, making it an ideal opportunity for expansion or relocation. There are no elevators in the building. This property is perfect for a medical professional seeking a high-visibility, easily accessible location with ample parking.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$14,711,889
6.5%
$13,580,205
7%
$12,610,190
Comparable approach
Method
Valuation
Relative Method
$18,035,962
Geo Method
$15,230,126
Alternative Use
Use
Valuation
Residential
$11,455,411
Hospitality
$10,493,095
Educational
$8,730,132
Medical
$9,030,374
Retail
$13,580,205
Location Insight
City
Hayward
County
Alameda
State
California
Latitude
37.6835
Longitude
-122.091
CBSA code
41860
CBSA name
SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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