Flex Space with 18-Foot Clear
For Sale
Contact for pricing
2761-2763 Teagarden St, San Leandro, CA 94578
Flex space with grade-level access and convenient I-880 access via the Marina Boulevard interchange.
Property Size19,813 SF
Price / SF$264.98
Days on Market124
Property Features for 2761-2763 Teagarden St
General Information
Standard status
Active
Size
19,813 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
18 ft
Warehouse Space
19,813 SF
Office Build-Out
3,000 SF
Drive-In Doors
2
Listing Agency:
Colliers | Oakland
(510) 409-9199
Listed By:
Greig Lagomarsino, SIOR · License #02167419
(510) 409-9199
Source:
Moodyscre
Added: Apr 8
Changed: Aug 8
Last Checked: Aug 8 at 11:02AM
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
Investment Insights
Based on property information with market context.
Located at 2761 Teagarden St in San Leandro, this flex space includes a 19,813 SF industrial warehouse and 3,000 SF of office. The warehouse offers an 18’ clear height and has 2 grade level doors, supporting day-to-day loading and distribution needs. The property also presents an opportunity for unobstructed freeway visibility and signage.
The location provides excellent access to I-880 via the Marina Boulevard interchange. It is minutes away from the Port of Oakland and Oakland International Airport, offering convenient regional connectivity for logistics and business operations.
The location provides excellent access to I-880 via the Marina Boulevard interchange. It is minutes away from the Port of Oakland and Oakland International Airport, offering convenient regional connectivity for logistics and business operations.
Key Highlights
- 19,813 SF industrial warehouse
- 3,000 SF office space
- 18’ clear height
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
$400,404
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
7.63%
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%
$8,008,080
$8.0M
Cap Rate 7%
$5,720,057
$5.7M
Cap Rate 9%
$4,448,933
$4.4M
Market Conditions
NOI Build-Up for 19,813 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
$715.6K $36.12/SF
− Vacancy
−$181.8K −$9.17/SF
EGI
$533.9K $26.95/SF
− OpEx
−$133.5K −$6.74/SF
NOI
$400.4K $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%
$8,008,080
Cap Rate 7%
$5,720,057
Cap Rate 9%
$4,448,933
Alternative Uses
Best Use
Office B
$5.72M
$5.01M – $6.67M
NOI $400,404 @ 7.0% cap · market cap 7.63%
Second Best
Warehouse
$4.32M
$3.78M – $5.04M
NOI $302,331 @ 7.0% cap · market cap 5.76%
Theoretical Best
Retail
$90.33M
$79.04M – $105.38M
NOI $6,322,853 @ 7.0% cap · market cap 120.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
18 ft
Clear height
2
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,091
Businesses Nearby
Under-served
Demand for This Use
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.
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space with grade-level access and convenient I-880 access via the Marina Boulevard interchange.
Where is this flex space located?
The property is located at 2761-2763 Teagarden St San Leandro, CA.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: 19,813 SF industrial warehouse; 3,000 SF office space; 18’ clear height
