Flex Space with Rolling
For Sale
Contact for pricing
1915-B second st, Livermore, CA 94550
Basement space with a lift accommodates light industrial, lab, storage, or warehousing uses.
Property Size41,525 SF
Days on Market1123
Property Features for 1915-B second st
General Information
Standard status
Active
Size
41,525 SF
Total Parking Spaces
50
Property subtype
Comm Ind For Lease
Additional Details
Condition
Move-in Ready
Sprinkler System
Yes
Property Use
Light Industrial
Amenities
A/C
rolling gate
lift
Building Details
Year Built
1961
Listing Agency:
Auctus Group
Listed By:
Samuel Cho
(925) 223-7150
Source:
Jpnrealty
Added: Oct 4, 2023
Changed: Oct 29
Last Checked: Oct 28 at 11:29AM
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 Auctus Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property includes 9,319 square feet of basement space, a rolling gate, and a lift. The space is identified for light industrial or manufacturing activity, lab or shop use, and non-hazardous warehousing or storage. A formal co-working office and incubation lab are also part of the property. Air conditioning and a sprinkler system are installed, and the space is broom clean and ready for occupancy.
The property is in Livermore near downtown, with specialty shops and restaurants nearby. Parking includes 50 spaces on site, with additional street parking available. The building dates to 1961.
The property is in Livermore near downtown, with specialty shops and restaurants nearby. Parking includes 50 spaces on site, with additional street parking available. The building dates to 1961.
Key Highlights
- 9,319 square feet of basement space
- Rolling gate and lift
- 50 parking spaces, plus street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$497,054
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,941,080
$9.9M
Cap Rate 7%
$7,100,771
$7.1M
Cap Rate 9%
$5,522,822
$5.5M
Market Conditions
NOI Build-Up for 41,525 SF
Gross rent
$747.5K $18.00/SF
− Vacancy
−$37.4K −$0.90/SF
EGI
$710.1K $17.10/SF
− OpEx
−$213.0K −$5.13/SF
NOI
$497.1K $11.97/SF
Area
Alameda County, CA
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,941,080
Cap Rate 7%
$7,100,771
Cap Rate 9%
$5,522,822
Alternative Uses
Best Use
Office B
$11.99M
$10.49M – $13.99M
NOI $839,185 @ 7.0% cap · market cap 83,918,500.00%
Second Best
Warehouse
$9.05M
$7.92M – $10.56M
NOI $633,638 @ 7.0% cap · market cap 63,363,800.00%
Theoretical Best
Retail
$189.31M
$165.65M – $220.86M
NOI $13,251,728 @ 7.0% cap · market cap 1,325,172,800.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
2,105
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94550, CA
49,959
Population
18,390
Households
2.7
Avg Household Size
42
Median Age
56%
College-Educated
96%
High-School Grad
272.0 sq mi
ZIP Area
184
Density / Sq Mi
$177,218
Median Household Income
$88,646
Median Earnings
$2,681
Median Rent
$1,146,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- The Riata Diner & Tavern — 190 S J St, Livermore, CA 94550
- Dantina Coffee Catering — Livermore, CA 94551
Frequently Asked Questions
What type of property is this?
Flex space - Basement space with a lift accommodates light industrial, lab, storage, or warehousing uses.
Where is this flex space located?
The property is located at 1915-B second st Livermore, CA.
What are key features of this property?
This property features: 9,319 square feet of basement space; Rolling gate and lift; 50 parking spaces, plus street parking
