Multi-Tenant Warehouse
For Sale
Contact for pricing
14358-14386 Wicks Blvd, San Leandro, CA 94577
Industrial warehouse property configured for multiple occupants and owner-user or investment consideration.
Property Size10,080 SF
Lot Size0.46 Acres
Price / SF$292.66
Days on Market16
Property Features for 14358-14386 Wicks Blvd
General Information
Standard status
Active
Size
10,080 SF
Total Parking Spaces
17
Lot size
0.46 Acres
Property subtype
Industrial
Lease Type
Gross
Building Details
Buildings
1
Tenancy
Multi
Building Size
10,080 SF
Listing Agency:
Lee & Associates - Oakland
(510) 903-7605
Listed By:
Craig Hagglund · License #CA 01090730
Source:
Crexi
Added: Jul 28
Changed: Aug 10
Last Checked: Aug 12 at 3:58AM
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 - Oakland
Investment Insights
Based on property information with market context.
This multi-tenant warehouse property contains approximately 10,080± SF within a 0.46±-acre site. The building is positioned as an industrial asset with a configuration that can accommodate multiple occupants, while also offering potential relevance for an owner-user or investor.
Key Highlights
- 10,080± SF warehouse building
- Situated on 0.46± acres
- Multi‑tenant industrial configuration
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
$153,813
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
5.21%
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%
$3,076,260
$3.1M
Cap Rate 7%
$2,197,329
$2.2M
Cap Rate 9%
$1,709,033
$1.7M
Market Conditions
NOI Build-Up for 10,080 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
$193.5K $19.20/SF
− Vacancy
−$12.6K −$1.25/SF
EGI
$181.0K $17.95/SF
− OpEx
−$27.1K −$2.69/SF
NOI
$153.8K $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%
$3,076,260
Cap Rate 7%
$2,197,329
Cap Rate 9%
$1,709,033
Alternative Uses
Best Use
Warehouse
$2.20M
$1.92M – $2.56M
NOI $153,813 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$45.95M
$40.21M – $53.61M
NOI $3,216,795 @ 7.0% cap · market cap 109.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
822
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 94577, CA
48,868
Population
17,681
Households
2.8
Avg Household Size
41
Median Age
39%
College-Educated
86%
High-School Grad
8.1 sq mi
ZIP Area
6,033
Density / Sq Mi
$110,989
Median Household Income
$56,382
Median Earnings
$2,199
Median Rent
$824,900
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.
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse property configured for multiple occupants and owner-user or investment consideration.
Where is this warehouse located?
The property is located at 14358-14386 Wicks Blvd San Leandro, CA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 10,080± SF warehouse building; Situated on 0.46± acres; Multi‑tenant industrial configuration
