Warehouse with Office
New
For Sale
Contact for pricing
2811 Faber St, Union City, CA 94587
Warehouse includes a two-story office component alongside loading and drive-in access.
Property Size32,886 SF
Lot Size1.64 Acres
Price / SF$349.69
Days on Market4
Property Features for 2811 Faber St
General Information
Standard status
Active
Size
32,886 SF
Total Parking Spaces
45
Lot size
1.64 Acres
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
24 ft
Office Build-Out
9,500 SF
Dock-High Doors
4
Drive-In Doors
2
Column Spacing
28 x 24 ft
Power
2,000 amps
Voltage
277 V
Sprinkler System
Yes
Additional Details
Asking Price
$11,500,000
Listing Agency:
KBC Advisors | Oakland
(510) 603-7090
Listed By:
Sam Higgins, SIOR
(415) 987-8798
Source:
Moodyscre
Added: Sep 10
Changed: Sep 12
Last Checked: Sep 12 at 2:33PM
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 KBC Advisors | Oakland
Investment Insights
Based on property information with market context.
Available now, this warehouse property comprises approximately 32,886 square feet on approximately 1.64 acres, with an approximately 9,500-square-foot, two-story office area. The building offers approximately 24-foot clear height, four dock-high doors, two drive-in doors, and approximately 28-by-24-foot column spacing.
Building systems include a 0.33 GPM / 3,000 SF sprinkler system and 2,000 amps at 277/480 volts of power, subject to tenant confirmation. The property also provides approximately 45 parking spaces. Located at 2811 Faber St in Union City, California, the facility is offered for sale.
Building systems include a 0.33 GPM / 3,000 SF sprinkler system and 2,000 amps at 277/480 volts of power, subject to tenant confirmation. The property also provides approximately 45 parking spaces. Located at 2811 Faber St in Union City, California, the facility is offered for sale.
Key Highlights
- ±32,886 SF warehouse on ±1.64 acres
- ±9,500 SF two‑story office component
- ±24' clear height with 4 dock‑high and 2 drive‑in doors
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
$501,814
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
4.36%
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%
$10,036,280
$10.0M
Cap Rate 7%
$7,168,771
$7.2M
Cap Rate 9%
$5,575,711
$5.6M
Market Conditions
NOI Build-Up for 32,886 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
$631.4K $19.20/SF
− Vacancy
−$41.0K −$1.25/SF
EGI
$590.4K $17.95/SF
− OpEx
−$88.6K −$2.69/SF
NOI
$501.8K $15.26/SF
Area
Alameda County, CA
Vacancy
6.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
15.00%
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%
$10,036,280
Cap Rate 7%
$7,168,771
Cap Rate 9%
$5,575,711
Alternative Uses
Best Use
Warehouse
$7.17M
$6.27M – $8.36M
NOI $501,814 @ 7.0% cap · market cap 4.36%
Second Best
Industrial
$5.62M
$4.92M – $6.56M
NOI $393,645 @ 7.0% cap · market cap 3.42%
Theoretical Best
Retail
$149.93M
$131.18M – $174.91M
NOI $10,494,794 @ 7.0% cap · market cap 91.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
24 ft
Clear height
4
Dock-high doors
2
Drive-in doors
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,323
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94587, CA
70,121
Population
21,923
Households
3.2
Avg Household Size
40
Median Age
45%
College-Educated
87%
High-School Grad
19.6 sq mi
ZIP Area
3,578
Density / Sq Mi
$137,194
Median Household Income
$66,405
Median Earnings
$2,713
Median Rent
$1,058,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse includes a two-story office component alongside loading and drive-in access.
Where is this warehouse located?
The property is located at 2811 Faber St Union City, CA.
What is the asking price?
The asking price for this property is $11,500,000.
What are key features of this property?
This property features: ±32,886 SF warehouse on ±1.64 acres; ±9,500 SF two‑story office component; ±24' clear height with 4 dock‑high and 2 drive‑in doors
