Two-Story Office Building with
For Sale
$2,350,000
1840 4Th St, Livermore, CA 94550
Two-story office building with elevator access, off-street parking, and multiple private suite entrances; fully occupied on net leases.
Property Size5,512 SF
Price / SF$426.34
Days on Market202
Property Features for 1840 4Th St
General Information
Standard status
Active
Size
5,512 SF
Property subtype
General Commercial
Occupancy
100%
Additional Details
Highway Access
Yes
Amenities
3
DSP
16 Parking Spaces.
Building Details
Year Built
2004
Stories
2
Tenancy
Multi
Listing Agency:
(925) 337-3379
Listed By:
Weston Properties
Source:
Xome
Added: Feb 15
Changed: Sep 2
Last Checked: Sep 4 at 3:18AM
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 Weston Properties
Investment Insights
Based on property information with market context.
This two-story office building provides 5,512 rentable square feet of leasable space. The property is described as stabilized and fully occupied on net leases, designed to support predictable income with limited landlord responsibilities. Tenant experience is supported by abundant off-street parking, a modern elevator for second-floor access, and multiple private suite entrances.
Situated in Downtown Livermore, the building is positioned for convenient access, including easy access to I-580.
The property is zoned to allow a wide range of uses, including business, professional, governmental, medical/dental, personal services, and residential use, providing flexibility for evolving tenant needs.
Situated in Downtown Livermore, the building is positioned for convenient access, including easy access to I-580.
The property is zoned to allow a wide range of uses, including business, professional, governmental, medical/dental, personal services, and residential use, providing flexibility for evolving tenant needs.
Key Highlights
- Two‑story office building built in 2004 with 5,512 rentable SF of leasable space
- Fully occupied on net leases
- 16 parking spaces and abundant off‑street parking for tenants and guests
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
$111,393
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
4.74%
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%
$2,227,860
$2.2M
Cap Rate 7%
$1,591,329
$1.6M
Cap Rate 9%
$1,237,700
$1.2M
Market Conditions
NOI Build-Up for 5,512 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
$199.1K $36.12/SF
− Vacancy
−$50.6K −$9.17/SF
EGI
$148.5K $26.95/SF
− OpEx
−$37.1K −$6.74/SF
NOI
$111.4K $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%
$2,227,860
Cap Rate 7%
$1,591,329
Cap Rate 9%
$1,237,700
Alternative Uses
Best Use
Office B
$1.59M
$1.39M – $1.86M
NOI $111,393 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$25.13M
$21.99M – $29.32M
NOI $1,759,025 @ 7.0% cap · market cap 74.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,062
Businesses Nearby
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with elevator access, off-street parking, and multiple private suite entrances; fully occupied on net leases.
Where is this office building located?
The property is located at 1840 4Th St Livermore, CA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Two‑story office building built in 2004 with 5,512 rentable SF of leasable space; Fully occupied on net leases; 16 parking spaces and abundant off‑street parking for tenants and guests
