Flex Building with Secure
For Sale
Contact for pricing
1071 Serpentine Lane, Pleasanton, CA 94566
Standalone flex facility combining office areas, training space, and warehouse functionality with a paved yard.
Property Size23,146 SF
Price / SF$345.63
Days on Market9
Property Features for 1071 Serpentine Lane
General Information
Standard status
Active
Size
23,146 SF
Property subtype
Industrial
Building Details
Buildings
1
Listing Agency:
Hodnefield Properties
Listed By:
Bryan Bowers · License #1783008
Source:
Crexi
Added: Aug 14
Changed: Aug 18
Last Checked: Aug 20 at 12:50AM
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 Hodnefield Properties
Investment Insights
Based on property information with market context.
This standalone flex facility contains 23,146 square feet with a practical blend of office and warehouse-oriented areas. The interior includes seven private offices, a bullpen, conference room, merchandise and training room, and break room. The building also offers 17' clear height for operational flexibility.
A secure, paved yard extends the usable property area. Three 12' x 12' grade-level doors provide direct access for loading and movement between the building and yard. The configuration supports businesses requiring a combination of administrative space, training or merchandise areas, and warehouse operations.
A secure, paved yard extends the usable property area. Three 12' x 12' grade-level doors provide direct access for loading and movement between the building and yard. The configuration supports businesses requiring a combination of administrative space, training or merchandise areas, and warehouse operations.
Key Highlights
- 23,146‑square‑foot standalone flex building
- Seven private offices plus bullpen and conference room
- Merchandise and training room with break room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$353,189
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,063,780
$7.1M
Cap Rate 7%
$5,045,557
$5.0M
Cap Rate 9%
$3,924,322
$3.9M
Market Conditions
NOI Build-Up for 23,146 SF
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.
Gross rent
$444.4K $19.20/SF
− Vacancy
−$28.9K −$1.25/SF
EGI
$415.5K $17.95/SF
− OpEx
−$62.3K −$2.69/SF
NOI
$353.2K $15.26/SF
Area
Alameda County, CA
Vacancy
6.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,063,780
Cap Rate 7%
$5,045,557
Cap Rate 9%
$3,924,322
Alternative Uses
Best Use
Warehouse
$5.05M
$4.41M – $5.89M
NOI $353,189 @ 7.0% cap · market cap 4.41%
Second Best
Flex RnD
$4.64M
$4.06M – $5.42M
NOI $324,970 @ 7.0% cap · market cap 4.06%
Theoretical Best
Retail
$105.52M
$92.33M – $123.11M
NOI $7,386,502 @ 7.0% cap · market cap 92.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,202
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 94566, CA
45,055
Population
16,698
Households
2.7
Avg Household Size
43
Median Age
67%
College-Educated
95%
High-School Grad
20.3 sq mi
ZIP Area
2,219
Density / Sq Mi
$187,721
Median Household Income
$104,642
Median Earnings
$2,639
Median Rent
$1,592,200
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Pastas Trattoria — 405 Main St, Pleasanton, CA 94566
- New Thai Bistro — 4301 D, Valley Ave, Pleasanton, CA 94566
- Pleasanton Catering Company — 915 Main St, Pleasanton, CA 94566
- Gimanelli's Catering — 231 Old Bernal Ave b5, Pleasanton, CA 94566
Frequently Asked Questions
What type of property is this?
Flex space - Standalone flex facility combining office areas, training space, and warehouse functionality with a paved yard.
Where is this flex space located?
The property is located at 1071 Serpentine Lane Pleasanton, CA.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: 23,146‑square‑foot standalone flex building; Seven private offices plus bullpen and conference room; Merchandise and training room with break room
