Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    2615 Eagle Ave Alameda, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.05 acre site with redevelopment potential near San Francisco.

    Type:LAND
    Lot size:
    1.05 Acres
    Added:
    Jan 27, 2022
    Days on Market:
    1560
    Last Refresh:
    Apr 5 at 11:27 pm

    Property Features for 2615 Eagle Ave

    General Information

    Standard status
    Active
    Lot size
    1.05 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Mark Russell
    Mark Russell

    Listing agent Mark Russell

    Listing office CBRE | San Jose

    Listing date Jan 27, 2022

    Source Moodyscre

    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 CBRE | San Jose

    HighLights

    • Excellent redevelopment opportunity awaits.
    • Medium‑density residential land use designation allows for 10‑100 dwelling units per acre.
    • Site will be delivered vacant, ensuring a smooth transition.
    • Strong demographics indicate high demand for residential properties.
    • Conveniently located ±0.5 mile from Downtown Alameda.
    • Enjoy excellent proximity to job centers in San Francisco and Oakland.

    Overview

    Redevelopment Opportunity Near Downtown Alameda

    The 1.05-acre site features multiple warehouse and office buildings. The property will be delivered vacant, without any leaseholds. Single-family homes are situated along the southern and eastern boundaries of the property, while retail and commercial establishments are located adjacent to the northwest. The topography of the site is flat. The property presents an excellent redevelopment opportunity due to its medium-density residential land use designation, which allows for 10 to 100 dwelling units per acre. It is located approximately 0.5 miles from Downtown Alameda and offers excellent proximity to job centers in San Francisco and Oakland. The area has strong demographics with high demand for residential properties. The submarket is supply-constrained, resulting in strong sales velocity when homes are delivered. Strong schools are located nearby.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alameda
    County
    Alameda
    State
    California
    Longitude
    -122.235
    Latitude
    37.7668

    Nearby Similar for Sale

    • $1,095,000
      1,427 SF

      Remodeled Duplex in Alameda's East End

      Pristine, remodeled duplex near Lincoln Park, ideal for investors.
      3241 Briggs Ave, Alameda, CA 94501
      View Details
    • $1,250,000
      1,553 SF

      Updated Alameda Duplex in East End

      Remodeled duplex with modern amenities, ideal for investment or living.
      3239 Briggs Ave, Alameda, CA 94501
      View Details
    • $1,550,000
      3,779 SF

      Medical Building Plus Residential Cottages

      Medical building with two residential cottages in Central Alameda.
      2242 Santa Clara Ave, Alameda, CA 94501
      View Details
    • $1,275,000
      2,238 SF

      Two Homes on One Lot

      Two homes on one lot in Alameda, CA.
      976 Park Street, Alameda, CA 94501
      View Details
    • $575,000

      Alameda Land with Approved Plans

      5,000 sq ft parcel with approved residential plans.
      313 Spruce St, Alameda, CA 94501
      View Details
    • $1,100,000
      2,924 SF

      Alameda Triplex Investment Opportunity

      Three-unit property in Alameda's West End, near amenities.
      1705 5Th St, Alameda, CA 94501
      View Details
    • $3,100,000
      7,592 SF

      Alameda Multifamily Investment Opportunity

      Well-maintained 10-unit multifamily property in Alameda, 100% occupied.
      500 Buena Vista Ave, Alameda, CA 94501
      View Details
    • $2,800,000
      4,490 SF

      Alameda Retail Space For Sale

      Retail space available in Alameda, California.
      1820 Park St, Alameda, CA 94501
      View Details
    • $1,395,000
      2,923 SF

      Alameda USPS Postal Service Office

      Busy downtown location with lease through 2028.
      1415 Webster, Alameda, CA 94501
      View Details
    • $997,000
      3,502 SF

      Alameda Mixed-Use Building For Sale

      Mixed-use building in Alameda's vibrant downtown, ideal for business or investment.
      1414 Everett St, ALAMEDA, CA 94501
      View Details
    • $1,275,000

      Alameda Investment Opportunity: Two Homes

      Two homes on one lot, generating immediate rental income.
      976 Park St, Alameda, CA 94501
      View Details
    • $1,575,000

      Alameda Multifamily Property Near Webster

      Multifamily property in a coveted location with upside potential.
      1527 8th St, Alameda, CA 94501
      View Details

    FAQs

    What type of property is this?
    Land - 1.05 acre site with redevelopment potential near San Francisco.
    Where is this land located?
    The property is located at 2615 Eagle Ave Alameda, CA.
    What are key features of this property?
    This property features: Excellent redevelopment opportunity awaits.; Medium‑density residential land use designation allows for 10‑100 dwelling units per acre.; Site will be delivered vacant, ensuring a smooth transition.
    (408) 453-7400 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mark Russell
    Mark Russell
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2615 Eagle Ave, Alameda, CA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!