Four-Suite Medical
For Sale
Contact for pricing
148 Best Ave, San Leandro, CA 94577
Reception and waiting areas, a kitchen, restroom, and storage support a multi-room professional workspace.
Property Size2,244 SF
Price / SF$0.76
Days on Market107
Property Features for 148 Best Ave
General Information
Standard status
Active
Size
2,244 SF
Property subtype
Office
Additional Details
Office Units
4
Tenant in Place
Yes
Property Use
Office
Building Details
Year Built
1954
Listing Agency:
KW Advisors East Bay
Listed By:
Jon Meyers
(510) 882-0091
Source:
Jpnrealty
Added: Jul 17
Changed: Oct 28
Last Checked: Oct 28 at 4:40PM
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 KW Advisors East Bay
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Investment Insights
Based on property information with market context.
This 2,244-square-foot medical office property, built in 1954, is arranged with four separate office suites. Two rooms have sinks. The interior also includes a waiting room with a reception area, a kitchen, a bathroom, and storage closets.
The property sits at the intersection of Best Ave and E 14th St in San Leandro, California. A neighboring dental practice shares a common entry. Restaurants, retail businesses, and the San Leandro Police Department are within two blocks.
The property sits at the intersection of Best Ave and E 14th St in San Leandro, California. A neighboring dental practice shares a common entry. Restaurants, retail businesses, and the San Leandro Police Department are within two blocks.
Key Highlights
- Four separate office suites, including two with sinks
- 2,244 square feet; built in 1954
- Waiting room with reception area, kitchen, bathroom, and storage closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,437
Suggested Prices Based on Cap Rates
Cap Rate 5%
$768,740
$768.7K
Cap Rate 7%
$549,100
$549.1K
Cap Rate 9%
$427,078
$427.1K
Market Conditions
NOI Build-Up for 2,244 SF
Gross rent
$70.0K $31.20/SF
− Vacancy
−$6.0K −$2.65/SF
EGI
$64.1K $28.55/SF
− OpEx
−$25.6K −$11.42/SF
NOI
$38.4K $17.13/SF
Area
Alameda County, CA
Vacancy
8.50%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$768,740
Cap Rate 7%
$549,100
Cap Rate 9%
$427,078
Alternative Uses
Best Use
Office B
$647.8K
$566.9K – $755.8K
NOI $45,349 @ 7.0% cap · market cap 2,667.59%
Second Best
Healthcare Medical
$549.1K
$480.5K – $640.6K
NOI $38,437 @ 7.0% cap · market cap 2,261.00%
Theoretical Best
Retail
$10.23M
$8.95M – $11.94M
NOI $716,120 @ 7.0% cap · market cap 42,124.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Office units
Location Intelligence
Trade Area within ½ mile
1,817
Businesses Nearby
Under-served
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
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Veterinarian San Leandro Inc. — 1312 Washington Ave, San Leandro, CA 94577
Frequently Asked Questions
What type of property is this?
Medical Office Space - Reception and waiting areas, a kitchen, restroom, and storage support a multi-room professional workspace.
Where is this medical office space located?
The property is located at 148 Best Ave San Leandro, CA.
What are key features of this property?
This property features: Four separate office suites, including two with sinks; 2,244 square feet; built in 1954; Waiting room with reception area, kitchen, bathroom, and storage closets
