Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2939 Whipple Road Union City, CA 94587

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Industrial warehouse space available for lease in Union City.

    Type:Industrial
    Property size:
    19,320 SF
    Added:
    Nov 22, 2025
    Days on Market:
    138
    Last Refresh:
    Apr 5 at 9:01 pm

    Property Features for 2939 Whipple Road

    General Information

    Standard status
    Active
    Size
    19,320 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Kenneth Morris

    Listing agent Kenneth Morris License #01312918

    Listing office CBRE | Oakland

    Listing date Nov 22, 2025

    Source Cbre

    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 CBRE | Oakland

    Overview

    Union City Warehouse Space

    This industrial property offers 19,320 square feet of warehouse space in Union City, California. The property is suitable for warehouse and industrial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    SparME LLC Department Store Ocean U Warehouse & Storage

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • ​Preferred Storage Unit — 1000 whipple rd a, union city, ca 94587
    • XO Moving system inc. — 1140 Pacific St, Union City, CA 94587

    Location Insight

    • Map
    • Local Demand
    City
    Union City
    County
    Alameda
    State
    California
    Longitude
    -122.074
    Latitude
    37.6061

    Nearby Similar for Lease

    • $1.90/mo

      Union City Office Space Available

      Office space for rent with synergistic tenant mix.
      3920 Smith St, Union City, CA 94587
      View Details
    • Contact for pricing

      Warehouse with Fenced Yard

      18,900 SF warehouse with 3,000 SF office and large yard.
      30311 Union City Blvd., Union City, CA 94587
      View Details
    • Contact for pricing

      Freestanding Building on Mission Boulevard

      Freestanding building with parking and dock high loading in Union City.
      Union City, CA 94587
      View Details
    • Contact for pricing

      Union City Warehouse with Cranes

      Warehouse with office, yard, cranes, and convenient highway access.
      700 Bradford Way, Union City, CA 94587
      View Details
    • $1.90/mo

      Union City Office Space Available

      Office space for rent with synergistic tenant mix.
      3910-3916 Smith St, Union City, CA
      View Details
    • Contact for pricing

      Warehouse with Fenced Yard

      18,900 SF warehouse with 3,000 SF office and large yard.
      30311 Union City Blvd., Union City, CA 94587
      View Details
    • Contact for pricing

      Union City Flex/Industrial/Office Space

      Versatile space in Crossroads Technology Park, Union City, CA.
      3260- 3280 Whipple Road, Union City, CA, 94587
      View Details
    • $1.50/mo

      Union City Flex Space Available

      Premier flex space in well-maintained Union City business park.
      32960 Alvarado Niles Rd, Union City, CA
      View Details
    • Contact for pricing

      Freestanding Building on Mission Boulevard

      Freestanding building with parking and dock high loading on Mission.
      33641 Mission Blvd, Union City, CA 94587
      View Details
    • $1.85/mo

      Union City Flex Space Available

      Flex space with easy access and ample parking.
      29536 Union City Blvd, Union City, CA
      View Details
    • $18/mo

      Union City Warehouse Space Available

      Warehouse space with excellent freeway access and retail visibility.
      2955-2995 Whipple Rd, Union City, CA
      View Details
    • Contact for pricing

      Union City Warehouse with Yard

      18,900 SF warehouse with yard near I-880.
      30311 Union City Blvd., Union City, CA 94587
      View Details

    FAQs

    What type of property is this?
    Warehouse - Industrial warehouse space available for lease in Union City.
    Where is this warehouse located?
    The property is located at 2939 Whipple Road Union City, CA.
    What are key features of this property?
    This property features: Industrial warehouse space; Available for lease; Located in Union City
    (510) 874-1983
    We can help!
    Listing Contact
    Kenneth Morris
    Real Estate License ID: 01312918
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!