Union City Office/Warehouse
29300 Kohoutek Way, Union City, CA 94587
For Sale
$950,000
Versatile two-story condo with office and warehouse space.
Property Size2,863 SF
Price / SF$331.82
Days on Market288
Property Features for 29300 Kohoutek Way
General Information
Standard status
Size
Property subtype
Amenities
Assigned Spaces
Composition Roof
Building Details
Year Built
Listing Agency:
CALNET REAL ESTATE SOLUTIONS INC
(510) 992-2800
Listed By:
BUFFIE CHOI
(510) 919-2950
Source:
Corcoran
Added: Jan 26
Changed: Aug 26
Last Checked: Aug 14 at 7:22AM
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
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Investment Insights
Based on property information with market context.
This two-story office/warehouse condominium offers approximately 2,863 sq ft of functional space in Union City. The first floor features an entry with a private office and a storage room. Beyond the entry is an open area suitable for reception, conference, or waiting, flowing into the warehouse/loading area. The warehouse has approximately 24-ft ceiling height, a roll-up loading door, and a restroom. The open floor plan allows for various operational needs. The second floor, accessed by a wide staircase, includes a large open flex space, a kitchenette/break area, two private offices, and a full bathroom with a shower. The upper level suits office, training, or collaborative work environments. This commercial condo is suitable for light industrial, distribution, showroom, fitness, service, repair, e-commerce, or professional office operations. The property is well-maintained and filled with natural light, presenting an owner-user or investment opportunity. It offers access to I-880, Highway 92, and major East Bay thoroughfares, with nearby shops and restaurants.
Key Highlights
- Highly centralized Union City location with convenient access to I‑880, Highway 92.
- Versatile two‑story office/warehouse condominium with approximately 2,863 sq ft of functional space.
- Warehouse with approximately 24‑ft ceiling height and a roll‑up loading door.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,270
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,400
$685.4K
Cap Rate 7%
$489,571
$489.6K
Cap Rate 9%
$380,778
$380.8K
Market Conditions
NOI Build-Up for 2,863 SF
Gross rent
$51.5K $18.00/SF
− Vacancy
−$2.6K −$0.90/SF
EGI
$49.0K $17.10/SF
− OpEx
−$14.7K −$5.13/SF
NOI
$34.3K $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%
$685,400
Cap Rate 7%
$489,571
Cap Rate 9%
$380,778
Alternative Uses
Best Use
Industrial
$489.6K
$428.4K – $571.2K
NOI $34,270 @ 7.0% cap · market cap 3.61%
Second Best
Flex RnD
$381.9K
$334.1K – $445.5K
NOI $26,731 @ 7.0% cap · market cap 2.81%
Theoretical Best
Multifamily LT 5
$1.37M
$1.20M – $1.60M
NOI $96,097 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,021
Businesses Nearby
Balanced
Demand for This Use
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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
$1,058,200
Median Home Value
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Market
Average Price Trend$/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
- Kabila — 29286 Union City Blvd, Union City, CA 94587
- SchoolFoodies — 2363 Tripaldi Way, Hayward, CA 94545
Frequently Asked Questions
What type of property is this?
Flex space - Versatile two-story condo with office and warehouse space.
Where is this flex space located?
The property is located at 29300 Kohoutek Way Union City, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Highly centralized Union City location with convenient access to I‑880, Highway 92.; Versatile two‑story office/warehouse condominium with approximately 2,863 sq ft of functional space.; Warehouse with approximately 24‑ft ceiling height and a roll‑up loading door.**
