Flex Warehouse for
For Sale
$905,000
296 Albion Ave, San Lorenzo, CA 94580
3,500 SF flex warehouse featuring roll-up door and open office.
Property Size3,500 SF
Price / SF$258.57
Days on Market256
Property Features for 296 Albion Ave
General Information
Standard status
Active
Size
3,500 SF
Property subtype
Industrial
Building Details
Year Built
1931
Listing Agency:
TRI Commercial | Walnut Creek
(925) 296-3319
Listed By:
Dick Sullivan · License #CalDRE #00969620
Source:
Tricommercial
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Aug 4 at 3:41AM
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 TRI Commercial | Walnut Creek
Investment Insights
Based on property information with market context.
This is a 3,500 square foot flex warehouse available for sale. The warehouse includes a roll-up door, unfinished wood floors, multiple storage rooms, two bathrooms, and a break room. It features large, open office areas and a small side yard. The property has 600 amps of power; the buyer is advised to confirm this. The property is zoned ACBD-R3.
Key Highlights
- ±3,500 SF Flex Warehouse
- Warehouse with roll up door
- 600 amps power, buyer to confirm
Financial Insights For Warehouse
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 | $67.2k | $19.20 |
| − Vacancy | −$4.4k | −$1.25 |
| EGI | $62.8k | $17.95 |
| − OpEx | −$9.4k | −$2.69 |
| NOI | $53.4k | $15.26 |
3,500 SF · lease $19.20/SF/yr · vacancy 6.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$763.0K
$667.6K – $890.1K
NOI $53,407 @ 7.0% cap · market cap 5.90%
Second Best
Flex RnD
$702.0K
$614.3K – $819.0K
NOI $49,140 @ 7.0% cap · market cap 5.43%
Theoretical Best
Retail
$15.96M
$13.96M – $18.62M
NOI $1,116,943 @ 7.0% cap · market cap 123.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
782
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94580, CA
29,590
Population
9,067
Households
3.3
Avg Household Size
39
Median Age
26%
College-Educated
83%
High-School Grad
3.3 sq mi
ZIP Area
8,967
Density / Sq Mi
$110,106
Median Household Income
$52,790
Median Earnings
$2,164
Median Rent
$820,100
Median Home Value
Market
Properties on Market for Flex space in Alameda County
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
- Clandestina Cocina — 16395 E 14th St, San Leandro, CA 94578
Frequently Asked Questions
What type of property is this?
Flex space - 3,500 SF flex warehouse featuring roll-up door and open office.
Where is this flex space located?
The property is located at 296 Albion Ave San Lorenzo, CA.
What is the asking price?
The asking price for this property is $905,000.
What are key features of this property?
This property features: ±3,500 SF Flex Warehouse; Warehouse with roll up door; 600 amps power, buyer to confirm
