San Leandro Flex Warehouse
For Sale
Contact for pricing
14333 Wicks Blvd, San Leandro, CA
Light industrial flex warehouse building for sale in San Leandro.
Property Size25,600 SF
Lot Size1.49 Acres
Price / SF$214.84
Days on Market1091
Property Features for 14333 Wicks Blvd
General Information
Standard status
Active
Size
25,600 SF
Lot size
1.49 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Colliers | Oakland
(510) 433-5811
Listed By:
Joe Yamin, SIOR · License #02020428
(925) 200-4687
Source:
Moodyscre
Added: Aug 16, 2023
Changed: Aug 8
Last Checked: Aug 10 at 10:01AM
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 | Oakland
Investment Insights
Based on property information with market context.
This 25,600 square foot building in San Leandro, California, is available for sale. The property is suitable for light industrial, flex, and warehouse uses. The building may be divisible into two units. This property is for all-cash buyers only.
Key Highlights
- Warehouse Building For Sale
- Light Industrial or Flex Space
- Potentially divisible into 2 units
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
$390,636
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
7.10%
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%
$7,812,720
$7.8M
Cap Rate 7%
$5,580,514
$5.6M
Cap Rate 9%
$4,340,400
$4.3M
Market Conditions
NOI Build-Up for 25,600 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
$491.5K $19.20/SF
− Vacancy
−$31.9K −$1.25/SF
EGI
$459.6K $17.95/SF
− OpEx
−$68.9K −$2.69/SF
NOI
$390.6K $15.26/SF
Area
Alameda County, CA
Vacancy
6.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
15.00%
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%
$7,812,720
Cap Rate 7%
$5,580,514
Cap Rate 9%
$4,340,400
Alternative Uses
Best Use
Warehouse
$5.58M
$4.88M – $6.51M
NOI $390,636 @ 7.0% cap · market cap 7.10%
Second Best
Flex RnD
$5.13M
$4.49M – $5.99M
NOI $359,424 @ 7.0% cap · market cap 6.53%
Theoretical Best
Retail
$116.71M
$102.12M – $136.16M
NOI $8,169,638 @ 7.0% cap · market cap 148.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Light industrial flex warehouse building for sale in San Leandro.
Where is this flex space located?
The property is located at 14333 Wicks Blvd San Leandro, CA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Warehouse Building For Sale; Light Industrial or Flex Space; Potentially divisible into 2 units
