End-Unit Flex
2495 Washington Avenue, San Leandro, CA 94577
For Sale
New
$1,600,000
The unit combines warehouse area with a dedicated office component and two restrooms.
Property Size4,866 SF
Price / SF$328.81
Days on Market2
Property Features for 2495 Washington Avenue
General Information
Standard status
Size
Property subtype
Warehouse & Industrial
Clear Height
Office Build-Out
Additional Details
Property Use
Building Details
Building Size
Listing Agency:
Lee & Associates | Oakland
Listed By:
Wesley Dolan · License CA #02129144
(626) 616-3502
Source:
Lee-associates
Added: Nov 12
Last Checked: Nov 12 at 2:20PM
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 Lee & Associates | Oakland
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 4,866-square-foot flex unit in San Leandro includes 1,250 square feet of office space alongside warehouse area. The end-unit configuration has a minimum clear height of 16 feet, one 11-by-11-foot roll-up door, and two restrooms. Warehouse lighting has been updated to LED, and the electrical panels and HVAC systems have received upgrades.
The property is at 2495 Washington Avenue. Its position within the complex places it near parking.
The property is at 2495 Washington Avenue. Its position within the complex places it near parking.
Key Highlights
- 4,866 SF end‑unit flex space
- 1,250 SF of office area
- 16‑foot minimum clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,246
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,164,920
$1.2M
Cap Rate 7%
$832,086
$832.1K
Cap Rate 9%
$647,178
$647.2K
Market Conditions
NOI Build-Up for 4,866 SF
Gross rent
$87.6K $18.00/SF
− Vacancy
−$4.4K −$0.90/SF
EGI
$83.2K $17.10/SF
− OpEx
−$25.0K −$5.13/SF
NOI
$58.2K $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%
$1,164,920
Cap Rate 7%
$832,086
Cap Rate 9%
$647,178
Alternative Uses
Best Use
Industrial
$832.1K
$728.1K – $970.8K
NOI $58,246 @ 7.0% cap · market cap 3.64%
Second Best
Warehouse
$781.5K
$683.8K – $911.7K
NOI $54,703 @ 7.0% cap · market cap 3.42%
Theoretical Best
Multifamily LT 5
$2.33M
$2.04M – $2.72M
NOI $163,328 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
16 ft
Clear height
Location Intelligence
Trade Area within ½ mile
1,375
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94577, CA
48,868
Population
17,681
Households
2.8
Avg Household Size
41
Median Age
39%
College-Educated
86%
High-School Grad
8.1 sq mi
ZIP Area
6,033
Density / Sq Mi
$110,989
Median Household Income
$56,382
Median Earnings
$2,199
Median Rent
$824,900
Median Home Value
Market
Average Price Trend$/SF for Flex space in Alameda County, CA
Properties on Market for Flex space in Alameda County
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Curb Dogz — 14345 Acacia St, San Leandro, CA 94579
- Blocko Vegan Tacos — 800 oak street, Oakland, CA 94607
- Angelic Taste Catering — 1119 Coburn Ct, San Leandro, CA 94578
Frequently Asked Questions
What type of property is this?
Flex space - The unit combines warehouse area with a dedicated office component and two restrooms.
Where is this flex space located?
The property is located at 2495 Washington Avenue San Leandro, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 4,866 SF end‑unit flex space; 1,250 SF of office area; 16‑foot minimum clear height
