Downtown Office
291 Mcleod St Livermore, CA 94550
For Sale
Contact for pricing
Commercial office building with full handicap access and a 600 SF office/cottage configuration.
Property Size2,500 SF
Price / SF$720
Days on Market752
Property Features for 291 Mcleod St
General Information
Standard status
Active
Size
2,500 SF
Property subtype
OFFICE
Listing Agency:
Lee & Associates | East Bay
(925) 200-9234
Listed By:
Mike Smith · License #00837386
(925) 200-9234
Source:
Moodyscre
Added: Jul 8, 2024
Changed: Jul 29
Last Checked: Jul 29 at 7:00AM
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 Lee & Associates | East Bay
Investment Insights
Based on property information with market context.
This offering includes a commercial office building totaling 1,900± SF, along with an additional 600± SF office/cottage. The property is described as being well suited for professional office use, including engineering, legal, or other similar office applications. Full handicap access is indicated for the building.
The property is located in the heart of Downtown Livermore, within walking distance of the U.S. Post Office, shopping amenities, restaurants, and wine and brewery establishments.
The layout presented in the remarks provides two distinct office areas, including the larger office building component and the separate office/cottage space.
The property is located in the heart of Downtown Livermore, within walking distance of the U.S. Post Office, shopping amenities, restaurants, and wine and brewery establishments.
The layout presented in the remarks provides two distinct office areas, including the larger office building component and the separate office/cottage space.
Key Highlights
- 1,900± SF commercial office building
- Includes a 600± SF office/cottage configuration
- Located in the heart of downtown Livermore
Financial Insights For Office B
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 | $90.3k | $36.12 |
| − Vacancy | −$22.9k | −$9.17 |
| EGI | $67.4k | $26.95 |
| − OpEx | −$16.8k | −$6.74 |
| NOI | $50.5k | $20.21 |
2,500 SF · lease $36.12/SF/yr · vacancy 25.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$721.8K
$631.5K – $842.1K
NOI $50,523 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$11.40M
$9.97M – $13.30M
NOI $797,816 @ 7.0% cap · market cap 44.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Commercial office building with full handicap access and a 600 SF office/cottage configuration.
Where is this office building located?
The property is located at 291 Mcleod St Livermore, CA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 1,900± SF commercial office building; Includes a 600± SF office/cottage configuration; Located in the heart of downtown Livermore
