San Leandro Office Building For
For Sale
$1,385,000
16378 E 14th St, San Leandro, CA 94578
Well-maintained office building with ground floor vacancy and upside.
Property Size6,225 SF
Price / SF$222.49
Days on Market269
Property Features for 16378 E 14th St
General Information
Standard status
Active
Size
6,225 SF
Property subtype
Commercial
Amenities
Tar & Gravel Roof
Building Details
Year Built
1958
Listing Agency:
ADAMS ADAMS & MORRIS
(510) 537-4314
Listed By:
MAX MORRIS · License #00885544
Source:
Corcoran
Added: Nov 16, 2025
Changed: Aug 8
Last Checked: Aug 8 at 1:31PM
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 ADAMS ADAMS & MORRIS
Investment Insights
Based on property information with market context.
This well-maintained office building features a total of 8 office units. The entire ground floor is currently vacant, making it ideal for an owner-user seeking a professional space. The upstairs is mostly leased, with one unit currently vacant, providing additional upside potential. The property is positioned on a high-visibility corridor in central San Leandro, offering excellent transit access, just minutes from Bay Fair BART station and I-580/I-880 freeways. It is surrounded by strong retail amenities, including Bayfair Center, Starbucks, Safeway, and local eateries. The location benefits from high foot and vehicle traffic along E. 14th Street, a major arterial road. There are 10 on-site parking spaces. This is an outstanding opportunity for a business owner to offset occupancy costs with rental income in a strong in-place leasing environment, while enjoying all the benefits of a central, East Bay location. The property size is 6225 square feet.
Key Highlights
- Entire ground floor vacant, ideal for owner‑user
- Excellent transit access: Minutes from Bay Fair BART and I‑580/I‑880
- High‑visibility location on E. 14th Street with high foot and vehicle traffic
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
$125,802
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
9.08%
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%
$2,516,040
$2.5M
Cap Rate 7%
$1,797,171
$1.8M
Cap Rate 9%
$1,397,800
$1.4M
Market Conditions
NOI Build-Up for 6,225 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
$224.8K $36.12/SF
− Vacancy
−$57.1K −$9.17/SF
EGI
$167.7K $26.95/SF
− OpEx
−$41.9K −$6.74/SF
NOI
$125.8K $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%
$2,516,040
Cap Rate 7%
$1,797,171
Cap Rate 9%
$1,397,800
Alternative Uses
Best Use
Office B
$1.80M
$1.57M – $2.10M
NOI $125,802 @ 7.0% cap · market cap 9.08%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$28.38M
$24.83M – $33.11M
NOI $1,986,562 @ 7.0% cap · market cap 143.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
806
Businesses Nearby
Explore this area
Business Placement
Demographics for 94578, CA
40,957
Population
14,819
Households
2.8
Avg Household Size
37
Median Age
25%
College-Educated
82%
High-School Grad
4.6 sq mi
ZIP Area
8,904
Density / Sq Mi
$89,149
Median Household Income
$47,672
Median Earnings
$2,077
Median Rent
$793,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office building with ground floor vacancy and upside.
Where is this office building located?
The property is located at 16378 E 14th St San Leandro, CA.
What is the asking price?
The asking price for this property is $1,385,000.
What are key features of this property?
This property features: Entire ground floor vacant, ideal for owner‑user; Excellent transit access: Minutes from Bay Fair BART and I‑580/I‑880; High‑visibility location on E. 14th Street with high foot and vehicle traffic
