Union City Office/Warehouse
29300 Kohoutek Way Union City, CA 94587
For Sale
$950,000
Pending
Versatile two-story condo with warehouse and office space.
Property Size2,863 SF
Days on Market97
Property Features for 29300 Kohoutek Way
General Information
Standard status
Pending
Size
2,863 SF
Property subtype
Commercial
Building Details
Year Built
2005
Listing Agency:
CALNET REAL ESTATE SOLUTIONS INC
(510) 919-2950
Listed By:
Buffie Choi
(510) 919-2950
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 28 at 7:05AM
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 CALNET REAL ESTATE SOLUTIONS INC
Investment Insights
Based on property information with market context.
This two-story office/warehouse condominium offers approximately 2,863 sq ft of functional space in Union City. The first floor features an entry with a private office and a storage room. Beyond the entry is an open area suitable for reception, conference, or a waiting area, flowing into the warehouse/loading area. The warehouse has an approximately 24-ft ceiling height, a roll-up loading door, and a restroom. The open floor plan allows for a range of operational needs. The second floor, accessed via a staircase, includes a large open flex space, a kitchenette/break area, two private offices, and a full bathroom with shower. The upper level is suited for office, training, or collaborative work environments. This commercial condo is suitable for light industrial, distribution, showroom, fitness, service, repair, e-commerce, or professional office operations. The property is well-maintained and filled with natural light, presenting an owner-user or investment opportunity. It offers convenient access to I-880, Highway 92, and major East Bay thoroughfares, with nearby shops and restaurants.
Key Highlights
- Highly centralized Union City location with convenient access to I‑880 and Highway 92.
- Versatile two‑story office/warehouse condominium with approximately 2,863 sq ft of functional space.
- Warehouse with an impressive 24‑ft ceiling height and a roll‑up loading door.
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 | $55.0k | $19.20 |
| − Vacancy | −$3.6k | −$1.25 |
| EGI | $51.4k | $17.95 |
| − OpEx | −$7.7k | −$2.69 |
| NOI | $43.7k | $15.26 |
2,863 SF · lease $19.20/SF/yr · vacancy 6.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$624.1K
$546.1K – $728.1K
NOI $43,687 @ 7.0% cap · market cap 4.60%
Second Best
Flex RnD
$574.2K
$502.5K – $670.0K
NOI $40,197 @ 7.0% cap · market cap 4.23%
Theoretical Best
Retail
$13.05M
$11.42M – $15.23M
NOI $913,659 @ 7.0% cap · market cap 96.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- SchoolFoodies — 2363 Tripaldi Way, Hayward, CA 94545
- Kabila — 29286 Union City Blvd, Union City, CA 94587
Frequently Asked Questions
What type of property is this?
Flex space - Versatile two-story condo with warehouse and office space.
Where is this flex space located?
The property is located at 29300 Kohoutek Way Union City, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Highly centralized Union City location with convenient access to I‑880 and Highway 92.; Versatile two‑story office/warehouse condominium with approximately 2,863 sq ft of functional space.; Warehouse with an impressive 24‑ft ceiling height and a roll‑up loading door.
