Industrial Condo with Office
2982 Teagarden St, San Leandro, CA 94577
For Sale
$1,195,000
4,020 sq ft industrial condo with office in San Leandro.
Property Size4,010 SF
Price / SF$298
Days on Market249
Property Features for 2982 Teagarden St
General Information
Standard status
Size
Property subtype
Amenities
Common Garage
Concrete Flooring
Linoleum Flooring
Building Details
Year Built
Listing Agency:
MICHAEL TANZILLO R.E. BRKR
(510) 889-9157
Listed By:
PAUL MADER · License #00795784
(510) 206-3156
Source:
Corcoran
Added: Mar 6
Changed: Aug 28
Last Checked: Aug 14 at 7:23AM
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 MICHAEL TANZILLO R.E. BRKR
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Investment Insights
Based on property information with market context.
This industrial condominium unit offers a total of 4,020+/- square feet, comprising 3,524+/- square feet of warehouse space and a 486+/- square foot office area. The warehouse features a 16-foot clear height, a 14' x 14' drive-in door, and two skylights. A mezzanine is situated above the front office. The remodeled office space includes a reception/work area, a private office, and a restroom. The property is in good condition and is part of the 23-unit Teagarden Business Center, located just east of I-880 and Marina Blvd. This property is suitable for a wide variety of users.
Key Highlights
- 4,020+\/- sq ft industrial condominium suitable for a wide variety of users.
- Convenient location just east of I‑880 and Marina Blvd in the Teagarden Business Center.
- 3,524+\/- sq ft of warehouse space with 16' clear height and 14' x 14' drive‑in door.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,000
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$960,000
$960.0K
Cap Rate 7%
$685,714
$685.7K
Cap Rate 9%
$533,333
$533.3K
Market Conditions
NOI Build-Up for 4,010 SF
Gross rent
$72.2K $18.00/SF
− Vacancy
−$3.6K −$0.90/SF
EGI
$68.6K $17.10/SF
− OpEx
−$20.6K −$5.13/SF
NOI
$48.0K $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%
$960,000
Cap Rate 7%
$685,714
Cap Rate 9%
$533,333
Alternative Uses
Best Use
Industrial
$685.7K
$600.0K – $800.0K
NOI $48,000 @ 7.0% cap · market cap 4.02%
Second Best
Flex RnD
$534.9K
$468.0K – $624.0K
NOI $37,440 @ 7.0% cap · market cap 3.13%
Theoretical Best
Multifamily LT 5
$1.92M
$1.68M – $2.24M
NOI $134,596 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,226
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 94577, CA
48,868
Population
17,681
Households
2.8
Avg Household Size
41
Median Age
39%
College-Educated
86%
High-School Grad
8.1 sq mi
ZIP Area
6,033
Density / Sq Mi
$110,989
Median Household Income
$56,382
Median Earnings
$2,199
Median Rent
$824,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Alameda County, CA
Properties on Market for Flex space in Alameda County
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - 4,020 sq ft industrial condo with office in San Leandro.
Where is this flex space located?
The property is located at 2982 Teagarden St San Leandro, CA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 4,020+\/- sq ft industrial condominium suitable for a wide variety of users.; Convenient location just east of I‑880 and Marina Blvd in the Teagarden Business Center.; 3,524+\/- sq ft of warehouse space with 16' clear height and 14' x 14' drive‑in door.**
