San Leandro Freestanding
For Sale
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2015 W Ave 140th, San Leandro, CA
Freestanding warehouse with fenced parking, yard, and convenient freeway access.
Property Size21,870 SF
Lot Size1.22 Acres
Price / SF$347.28
Days on Market559
Property Features for 2015 W Ave 140th
General Information
Standard status
Active
Size
21,870 SF
Lot size
1.22 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Newmark | Oakland
(510) 923-6200
Listed By:
Shawn Klein
(510) 923-6209
Source:
Moodyscre
Added: Apr 15, 2025
Changed: Oct 12
Last Checked: Oct 24 at 7:29PM
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 Newmark | Oakland
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Investment Insights
Based on property information with market context.
This freestanding concrete-tilt up warehouse offers approximately 21,870 square feet of space on approximately 1.22 acres. The property has been seismically retrofitted and is zoned IG (Industrial General). It features two docks and three grade-level doors, along with two two-level EV chargers. The warehouse includes approximately 1,000 square feet of improved office space. Significant concrete off-street fenced-in parking and yard space are available. The clear height ranges from 20 to 22 feet. Located 1.5 miles from the 880 Freeway, the property is currently occupied and will be available in 60 days.
Key Highlights
- Freestanding +/-21,870 sf concrete‑tilt up warehouse with significant fenced parking & yard.
- Excellent location: just 1.5 miles from 880 Freeway.
- Includes 2 docks and 3 grade‑level doors for efficient loading/unloading.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$333,719
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,674,380
$6.7M
Cap Rate 7%
$4,767,414
$4.8M
Cap Rate 9%
$3,707,989
$3.7M
Market Conditions
NOI Build-Up for 21,870 SF
Gross rent
$419.9K $19.20/SF
− Vacancy
−$27.3K −$1.25/SF
EGI
$392.6K $17.95/SF
− OpEx
−$58.9K −$2.69/SF
NOI
$333.7K $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 Rate 5%
$6,674,380
Cap Rate 7%
$4,767,414
Cap Rate 9%
$3,707,989
Alternative Uses
Best Use
Warehouse
$4.77M
$4.17M – $5.56M
NOI $333,719 @ 7.0% cap · market cap 4.39%
Second Best
Industrial
$3.74M
$3.27M – $4.36M
NOI $261,784 @ 7.0% cap · market cap 3.45%
Theoretical Best
Retail
$99.70M
$87.24M – $116.32M
NOI $6,979,297 @ 7.0% cap · market cap 91.89%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,343
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding warehouse with fenced parking, yard, and convenient freeway access.
Where is this warehouse located?
The property is located at 2015 W Ave 140th San Leandro, CA.
What is the asking price?
The asking price for this property is $7,595,000.
What are key features of this property?
This property features: Freestanding +/-21,870 sf concrete‑tilt up warehouse with significant fenced parking & yard.; Excellent location: just 1.5 miles from 880 Freeway.; Includes **2 docks and 3 grade‑level doors** for efficient loading/unloading.
