Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Rare Industrial Land Opportunity Title is generated by Realmo AI

    16520 Worthley Dr, San Lorenzo, CA 94577

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    2+ acre industrial land near Port of Oakland.

    Type:Industrial, Land
    Lot size:
    2.00 Acres
    Added:
    Oct 3, 2022
    Days on Market:
    1341
    Last Refresh:
    May 13 at 8:13 pm

    Property Features for 16520 Worthley Dr

    General Information

    Standard status
    Active
    Lot size
    2.00 Acres
    Property subtype
    Industrial, Land

    Building Details

    Year Built
    1960

    Spaces For Lease

    at 16520 Worthley Dr Contact us

    We can help!

    Listing Contact
    Greig Lagomarsino
    Greig Lagomarsino

    Listing agent Greig Lagomarsino License #01063817

    Listing office Colliers - Oakland, California

    Listing date Oct 3, 2022

    Source Crexi

    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, California

    HighLights

    • Only 2+ acre property available within 15 miles of the Port of Oakland.
    • Heavy Industrial Zoning.
    • Rare opportunity in a market with historically low vacancy levels.
    • Unmatched access to the Bay Area via San Lorenzo submarket.
    • Ideal for equipment rental, transfrieght logistics, trailer/truck parking.
    • Located in the highly desirable East Bay industrial area.

    Overview

    Located in the highly desirable East Bay area, specifically the San Lorenzo submarket, this property offers a rare industrial opportunity. The East Bay area contains over 150,000,000 square feet of industrial product and accounts for almost a third of all industrial tenant activity across Northern California. The property is a 2+ acre site with Heavy Industrial Zoning, situated within 15 miles of the Port of Oakland. Given the area's low vacancy levels, this represents a unique opportunity. The property is suitable for equipment rental, transfrieght logistics providers, trailer/truck parking, and various other uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    All American Storage Storage Facility

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Lorenzo
    County
    Alameda
    State
    California
    Longitude
    -122.1493341
    Latitude
    37.6674587

    Nearby Similar for Lease

    • Contact for pricing
      8,000 SF

      San Lorenzo Industrial Building Available

      8,000 SF industrial building with secured yard for lease.
      16440 Ashland, San Lorenzo, CA 94580
      View Details
    • $2 SF/Yr
      1,315 SF

      San Lorenzo Office Space Available

      Office space in high-traffic area with retail and restaurant access.
      17251 Hesperian Blvd, San Lorenzo, CA
      View Details
    • $117,612 SF/Yr
      117,612 SF

      San Lorenzo Industrial Land Available

      2.7 acres of heavy industrial land for lease.
      16520 Worthley Dr, San Lorenzo, CA 94577
      View Details
    • Contact for pricing
      2,350 SF

      Retail Strip Center For Rent

      Retail strip center with high visibility and easy access.
      17611-17715 Hesperian Blvd, San Lorenzo, CA
      View Details
    • $0.40 SF/Yr

      Industrial Land Available For Sublease

      1.82 acre industrial land with improvements for sublease.
      15725 Railroad Ave, San Lorenzo, CA
      View Details
    • Contact for pricing
      15,000 SF

      Freestanding Junior Box Opportunity

      Anchor space available in high identity location with rear loading.
      15918-15928 Hesperian Blvd, San Lorenzo, CA
      View Details
    • Contact for pricing
      2,892 SF

      Retail Space for Lease

      Retail space available for lease in San Lorenzo, CA.
      15911-15951 Hesperian Blvd, San Lorenzo, CA
      View Details
    • $0.75 SF/Yr
      42,711 SF

      San Lorenzo Office Space Available

      42,711 SF office space ideal for corporate headquarters.
      2222 Grant Ave, San Lorenzo, CA
      View Details
    • Contact for pricing

      Industrial Yard with Shop

      Large fenced yard with industrial shop near Oakland Airport.
      16520 Worthley Dr, San Lorenzo, CA
      View Details
    • Contact for pricing
      7,000 SF

      Freestanding Retail Building For Lease

      Freestanding retail building with exclusive parking and rear loading.
      16020-16032 Hesperian Blvd, San Lorenzo, CA
      View Details
    • Contact for pricing

      San Lorenzo Land for Lease

      Commercial land available for ground lease in San Lorenzo.
      18401-18499 Hesperian Blvd, San Lorenzo, CA
      View Details
    • Contact for pricing
      750 SF

      Retail Space with Excellent Visibility

      Retail space available with ample parking and high visibility.
      15840-15844 Hesperian Blvd, San Lorenzo, CA
      View Details

    FAQs

    What type of property is this?
    Industrial land - 2+ acre industrial land near Port of Oakland.
    Where is this industrial land located?
    The property is located at 16520 Worthley Dr San Lorenzo, CA.
    What are key features of this property?
    This property features: Only 2+ acre property available within 15 miles of the Port of Oakland.; Heavy Industrial Zoning.; Rare opportunity in a market with historically low vacancy levels.
    (510) 433-5820 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Greig Lagomarsino
    Greig Lagomarsino
    Real Estate License ID: 01063817
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    16520 Worthley Dr, San Lorenzo, CA 94577
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!