Alameda Office Building For
1000 Central Ave. Alameda, CA 94501
For Sale
$2,580,988
Office building with 5101 square feet of space.
Property Size5,101 SF
Price / SF$505.98
Days on Market240
Property Features for 1000 Central Ave.
General Information
- Standard status
- Active
- Size
- 5,101 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1936
Listing Agency:
CERDA-ZEIN REAL ESTATE
(510) 523-5673
Listed By:
KHALILA WOLFE
Source:
Corcoran
Added: Nov 25, 2025
Changed: Jul 10
Last Checked: Jul 23 at 9:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CERDA-ZEIN REAL ESTATE
Investment Insights
Based on property information with market context.
This commercial real estate offering features an office building with a total area of 5101 square feet. Located in Alameda, California, this property presents a potential opportunity for various business uses.
Key Highlights
- 5101 square feet of office space.
- Office building.
- Built in 1936.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $184.2k | $36.12 |
| − Vacancy | −$46.8k | −$9.17 |
| EGI | $137.4k | $26.95 |
| − OpEx | −$34.4k | −$6.74 |
| NOI | $103.1k | $20.21 |
5,101 SF · lease $36.12/SF/yr · vacancy 25.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.47M
$1.29M – $1.72M
NOI $103,087 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$23.26M
$20.35M – $27.13M
NOI $1,627,864 @ 7.0% cap · market cap 63.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Westside Joe's Bikes
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Office building - Office building with 5101 square feet of space.
Where is this office building located?
The property is located at 1000 Central Ave. Alameda, CA.
What is the asking price?
The asking price for this property is $2,580,988.
What are key features of this property?
This property features: 5101 square feet of office space.; Office building.; Built in 1936.
