Leased Medical Building Near
For Sale
Contact for pricing
13939 E 14th St, San Leandro, CA
Fully leased medical building anchored by DaVita and Concentra.
Property Size15,152 SF
Lot Size1.14 Acres
Price / SF$525.15
Days on Market319
Property Features for 13939 E 14th St
General Information
Standard status
Active
Size
15,152 SF
Lot size
1.14 Acres
Property subtype
OFFICE
Listing Agency:
Fisher James Capital
(510) 289-1166
Listed By:
Putnam Daily · License #01750064
Source:
Moodyscre
Added: Oct 29, 2025
Changed: Aug 13
Last Checked: Sep 12 at 11:15AM
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 Fisher James Capital
Investment Insights
Based on property information with market context.
This fully leased medical building is anchored by DaVita Dialysis and Concentra. A significant portion of the gross leasable area, 65%, is leased to investment-grade tenants. DaVita has maintained a presence at this location for over 23 years, while Concentra has been at the location for over 19 years. Constructed in 2002, the property features quality improvements and well-configured medical office suites suitable for various tenants. The building includes dedicated on-site parking with 56 spaces. The location is adjacent to San Leandro Hospital, potentially providing a customer referral base. The property benefits from good visibility, including a large pylon sign facing E 14th Street, which experiences an average daily traffic of 11,879 vehicles. The surrounding area has a strong population, with 370,635 residents within a 5-mile radius, encompassing 120,099 households. The average household income within a 3-mile radius is $134,004. The property is located approximately 1.3 miles from the San Leandro BART Station and 5.7 miles from Oakland International Airport. Situated in a central Alameda County location, it offers convenient access to Highways 580 and 880, with a combined average daily traffic of 390,000 vehicles. The property is approximately 22 miles from San Francisco and 13 miles from Oakland. The building has a size of 15,152 square feet.
Key Highlights
- Irreplaceable location adjacent to San Leandro Hospital with built‑in customer referral base.
- Fully leased medical building anchored by DaVita Dialysis & Concentra with 65% of GLA leased to investment‑grade tenants.
- Long‑term tenant history: DaVita (23+ years) and Concentra (19+ years) at this location.
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
$306,209
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
3.85%
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%
$6,124,180
$6.1M
Cap Rate 7%
$4,374,414
$4.4M
Cap Rate 9%
$3,402,322
$3.4M
Market Conditions
NOI Build-Up for 15,152 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
$547.3K $36.12/SF
− Vacancy
−$139.0K −$9.17/SF
EGI
$408.3K $26.95/SF
− OpEx
−$102.1K −$6.74/SF
NOI
$306.2K $20.21/SF
Area
Alameda County, CA
Vacancy
25.40%
Lease Rate
$36.12 /SF/Yr
Expense Ratio
25.00%
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%
$6,124,180
Cap Rate 7%
$4,374,414
Cap Rate 9%
$3,402,322
Alternative Uses
Best Use
Office B
$4.37M
$3.83M – $5.10M
NOI $306,209 @ 7.0% cap · market cap 3.85%
Second Best
Healthcare Medical
$3.71M
$3.24M – $4.33M
NOI $259,536 @ 7.0% cap · market cap 3.26%
Theoretical Best
Retail
$69.08M
$60.44M – $80.59M
NOI $4,835,405 @ 7.0% cap · market cap 60.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,306
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
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Market
Vacancy Rate% for Office in West region
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Similar Off Market Nearby
- Blue Cross Veterinary Clinic — 1510 150th Ave, San Leandro, CA 94578
- Good Samaritan Veterinary Hospital — 14100 E 14th St, San Leandro, CA 94578
- Mary Leeking, DVM — 14100 e 14th st, san leandro, ca 94578
- Alice Eklof, DVM — 14100 E 14th St, San Leandro, CA 94578
- San Leandro Veterinary Clinic: Leeking Mary DVM — 13740 E 14th St, San Leandro, CA 94578
Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully leased medical building anchored by DaVita and Concentra.
Where is this medical office space located?
The property is located at 13939 E 14th St San Leandro, CA.
What is the asking price?
The asking price for this property is $7,957,000.
What are key features of this property?
This property features: Irreplaceable location adjacent to San Leandro Hospital with built‑in customer referral base.; Fully leased medical building anchored by DaVita Dialysis & Concentra with 65% of GLA leased to investment‑grade tenants.; Long‑term tenant history: DaVita (23+ years) and Concentra (19+ years) at this location.
