Corner Office End Unit with Bay
For Sale
$685,000
Pending
2229 Harbor Bay Pkwy, Alameda, CA 94502
Good-condition office end unit with panoramic bay views, featuring separated office and conference space.
Property Size1,855 SF
Days on Market150
Property Features for 2229 Harbor Bay Pkwy
General Information
Standard status
Pending
Size
1,855 SF
Property subtype
Comm Ind For Sale
Site & Location
Neighborhood
Bay Farm Island
Building Details
Building Size
1,855 SF
Year Built
2007
Listing Agency:
Hannah Investment, Inc.
Listed By:
Gary Tang,
(510) 816-6992
Source:
Coastandcore
Added: May 28
Changed: Oct 23
Last Checked: Oct 23 at 1:45PM
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 Hannah Investment, Inc.
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Investment Insights
Based on property information with market context.
This good-condition corner end office unit offers a panoramic view of the bay. The interior is arranged to support both focused work and collaboration, with divided office space along with a dedicated conference room.
Located at 2229 Harbor Bay Pkwy in Alameda, the property benefits from an active pedestrian environment across the street, including a running and walking path. The unit is a corner end placement, which can be particularly useful for tenants seeking a more distinct office layout.
With its separation between office and meeting space, the unit is well suited for professional teams that need a practical work area plus a dedicated room for client discussions, internal meetings, or training. The bay view and corner end configuration add an appealing day-to-day work experience for occupants, whether used as a primary office or a satellite location.
Located at 2229 Harbor Bay Pkwy in Alameda, the property benefits from an active pedestrian environment across the street, including a running and walking path. The unit is a corner end placement, which can be particularly useful for tenants seeking a more distinct office layout.
With its separation between office and meeting space, the unit is well suited for professional teams that need a practical work area plus a dedicated room for client discussions, internal meetings, or training. The bay view and corner end configuration add an appealing day-to-day work experience for occupants, whether used as a primary office or a satellite location.
Key Highlights
- Good‑condition office end unit built in 2007
- Panoramic bay views from the office
- Corner end unit layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,488
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$749,760
$749.8K
Cap Rate 7%
$535,543
$535.5K
Cap Rate 9%
$416,533
$416.5K
Market Conditions
NOI Build-Up for 1,855 SF
Gross rent
$67.0K $36.12/SF
− Vacancy
−$17.0K −$9.17/SF
EGI
$50.0K $26.95/SF
− OpEx
−$12.5K −$6.74/SF
NOI
$37.5K $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 Rate 5%
$749,760
Cap Rate 7%
$535,543
Cap Rate 9%
$416,533
Alternative Uses
Best Use
Office B
$535.5K
$468.6K – $624.8K
NOI $37,488 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$8.46M
$7.40M – $9.87M
NOI $591,980 @ 7.0% cap · market cap 86.42%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
Explore this area
Business Placement
Demographics for 94502, CA
14,164
Population
5,012
Households
2.8
Avg Household Size
45
Median Age
71%
College-Educated
95%
High-School Grad
2.5 sq mi
ZIP Area
5,666
Density / Sq Mi
$194,821
Median Household Income
$101,193
Median Earnings
$3,501
Median Rent
$1,182,600
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
Frequently Asked Questions
What type of property is this?
Office unit - Good-condition office end unit with panoramic bay views, featuring separated office and conference space.
Where is this office unit located?
The property is located at 2229 Harbor Bay Pkwy Alameda, CA.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Good‑condition office end unit built in 2007; Panoramic bay views from the office; Corner end unit layout
