Two-Story Flex Space
New
For Sale
$980,000
29300 Kohoutek Way #140, Union City, CA 94587
Two-level commercial condominium combines office, warehouse, loading, and flex areas for varied operations.
Property Size2,863 SF
Price / SF$342.30
Days on Market3
Property Features for 29300 Kohoutek Way #140
General Information
Standard status
Active
Size
2,863 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Clear Height
24 ft
Office Units
1
Building Details
Year Built
2005
Stories
2
Listing Agency:
Calnet Real Estate Solutions Inc
(510) 919-2950
Listed By:
Buffie Choi
(510) 919-2950
Source:
Elliman
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 16 at 3:51AM
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 Calnet Real Estate Solutions Inc
Investment Insights
Based on property information with market context.
Built in 2005, this 2,863-square-foot commercial condominium is arranged across two levels with a blend of office, warehouse, and adaptable work areas. The ground floor includes a private office, storage room, open reception or conference area, warehouse space, restroom, and roll-up loading door. The warehouse provides approximately 24-foot ceiling height.
Upstairs offers an open flex area, kitchenette, two private offices, and a full bathroom with shower. The configuration can support light industrial, distribution, showroom, fitness, service, repair, e-commerce, or professional office operations. The property is at 29300 Kohoutek Way, #140, in Union City, with access to I-880, Highway 92, and other East Bay thoroughfares. Shops and restaurants are nearby.
Upstairs offers an open flex area, kitchenette, two private offices, and a full bathroom with shower. The configuration can support light industrial, distribution, showroom, fitness, service, repair, e-commerce, or professional office operations. The property is at 29300 Kohoutek Way, #140, in Union City, with access to I-880, Highway 92, and other East Bay thoroughfares. Shops and restaurants are nearby.
Key Highlights
- 2,863‑square‑foot two‑story commercial condominium
- Approximately 24‑foot warehouse ceiling height
- Roll‑up loading door serving the warehouse area
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
$57,859
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
5.90%
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%
$1,157,180
$1.2M
Cap Rate 7%
$826,557
$826.6K
Cap Rate 9%
$642,878
$642.9K
Market Conditions
NOI Build-Up for 2,863 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
$103.4K $36.12/SF
− Vacancy
−$26.3K −$9.17/SF
EGI
$77.1K $26.95/SF
− OpEx
−$19.3K −$6.74/SF
NOI
$57.9K $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%
$1,157,180
Cap Rate 7%
$826,557
Cap Rate 9%
$642,878
Alternative Uses
Best Use
Office B
$826.6K
$723.2K – $964.3K
NOI $57,859 @ 7.0% cap · market cap 5.90%
Second Best
Warehouse
$624.1K
$546.1K – $728.1K
NOI $43,687 @ 7.0% cap · market cap 4.46%
Theoretical Best
Retail
$13.05M
$11.42M – $15.23M
NOI $913,659 @ 7.0% cap · market cap 93.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
24 ft
Clear height
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,021
Businesses Nearby
Balanced
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
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Two-level commercial condominium combines office, warehouse, loading, and flex areas for varied operations.
Where is this flex space located?
The property is located at 29300 Kohoutek Way #140 Union City, CA.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: 2,863‑square‑foot two‑story commercial condominium; Approximately 24‑foot warehouse ceiling height; Roll‑up loading door serving the warehouse area
