Corner Industrial Flex
For Sale
Contact for pricing
1294 Hammerwood Avenue, Sunnyvale, CA 94089
Corner industrial flex facility with fire sprinklers and immediate availability, supported by MS Industrial zoning.
Property Size25,615 SF
Lot Size1.44 Acres
Price / SF$305
Days on Market94
Property Features for 1294 Hammerwood Avenue
General Information
Standard status
Active
Size
25,615 SF
Lot size
1.44 Acres
Property subtype
FLEX_R_AND_D
Zoning
MS Industrial
Additional Details
Sprinkler System
Yes
Listing Agency:
Colliers | Silicon Valley
(408) 282-3800
Listed By:
Duffy D'Angelo · License #CA-00796685
(408) 282-3950
Source:
Moodyscre
Added: Jun 2
Changed: Aug 26
Last Checked: Sep 2 at 12:37AM
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 Colliers | Silicon Valley
Investment Insights
Based on property information with market context.
A corner industrial flex facility totaling 25,615 SF, with 17,805 SF available immediately and 7,810 SF leased on a short-term basis. The property is built to support light industrial or warehouse use, and it includes fire sprinkler protection.
Located at 1294 Hammerwood Avenue in Sunnyvale, CA, the site sits on approximately 1.44 acres. The property benefits from a corner location and is currently carried under MS Industrial zoning.
This setup can fit businesses looking for an industrial flex configuration with a meaningful portion ready for immediate occupancy, while retaining additional space that is currently leased short term. The fire-sprinklered building and MS Industrial zoning provide a practical baseline for prospective tenants and owners evaluating an industrial acquisition or occupancy plan. Call to schedule a tour and review the currently available and leased portions of the building.
Located at 1294 Hammerwood Avenue in Sunnyvale, CA, the site sits on approximately 1.44 acres. The property benefits from a corner location and is currently carried under MS Industrial zoning.
This setup can fit businesses looking for an industrial flex configuration with a meaningful portion ready for immediate occupancy, while retaining additional space that is currently leased short term. The fire-sprinklered building and MS Industrial zoning provide a practical baseline for prospective tenants and owners evaluating an industrial acquisition or occupancy plan. Call to schedule a tour and review the currently available and leased portions of the building.
Key Highlights
- 25,615 SF total industrial flex space with 17,805 SF available immediately
- 7,810 SF leased on a short‑term basis
- Corner location on a 1.44‑acre site
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
$513,597
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
6.57%
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%
$10,271,940
$10.3M
Cap Rate 7%
$7,337,100
$7.3M
Cap Rate 9%
$5,706,633
$5.7M
Market Conditions
NOI Build-Up for 25,615 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
$820.7K $32.04/SF
− Vacancy
−$87.0K −$3.40/SF
EGI
$733.7K $28.64/SF
− OpEx
−$220.1K −$8.59/SF
NOI
$513.6K $20.05/SF
Area
Sunnyvale, CA
Vacancy
10.60%
Lease Rate
$32.04 /SF/Yr
Expense Ratio
30.00%
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%
$10,271,940
Cap Rate 7%
$7,337,100
Cap Rate 9%
$5,706,633
Alternative Uses
Best Use
Industrial
$7.34M
$6.42M – $8.56M
NOI $513,597 @ 7.0% cap · market cap 6.57%
Second Best
Flex RnD
$6.81M
$5.96M – $7.95M
NOI $476,911 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$11.13M
$9.74M – $12.99M
NOI $779,159 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
778
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94089, CA
23,255
Population
9,449
Households
2.5
Avg Household Size
37
Median Age
57%
College-Educated
92%
High-School Grad
6.1 sq mi
ZIP Area
3,812
Density / Sq Mi
$153,725
Median Household Income
$82,653
Median Earnings
$3,351
Median Rent
$392,000
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
- Cosmopolitan Catering — 1288 Reamwood Ave, Sunnyvale, CA 94089
Frequently Asked Questions
What type of property is this?
Flex space - Corner industrial flex facility with fire sprinklers and immediate availability, supported by MS Industrial zoning.
Where is this flex space located?
The property is located at 1294 Hammerwood Avenue Sunnyvale, CA.
What is the asking price?
The asking price for this property is $7,812,575.
What are key features of this property?
This property features: 25,615 SF total industrial flex space with 17,805 SF available immediately; 7,810 SF leased on a short‑term basis; Corner location on a 1.44‑acre site
