San Leandro Industrial
2982 Teagarden St San Leandro, CA 94577
For Sale
$1,195,000
Industrial condo with warehouse and office space for sale.
Property Size4,020 SF
Price / SF$297.26
Days on Market94
Property Features for 2982 Teagarden St
General Information
- Standard status
- Active
- Size
- 4,020 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1973
Listing Agency:
Michael Tanzillo R.E. Brkr
(510) 206-3156
Listed By:
Paul Mader · License #00795784
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 26 at 9:51AM
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 Michael Tanzillo R.E. Brkr
Investment Insights
Based on property information with market context.
This industrial condominium unit offers a total area of 4,020 square feet, comprising approximately 3,524 square feet of warehouse space and 486 square feet of office area. The warehouse features a 16-foot clear height, a 14' x 14' drive-in door, and two skylights, along with a mezzanine area situated above the front office. The 486-square-foot office space includes a reception/work area, a private office, and a restroom. The office has been remodeled, and the property is in good condition overall. The property 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
- 3,524+\/- sq ft of warehouse space with 16' clear height and 14' x 14' drive‑in door
- Remodeled 486+\/- sq ft office space including reception/work area, private office, and restroom
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.2k | $19.20 |
| − Vacancy | −$5.0k | −$1.25 |
| EGI | $72.2k | $17.95 |
| − OpEx | −$10.8k | −$2.69 |
| NOI | $61.3k | $15.26 |
4,020 SF · lease $19.20/SF/yr · vacancy 6.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$876.3K
$766.8K – $1.02M
NOI $61,342 @ 7.0% cap · market cap 5.13%
Second Best
Flex RnD
$806.3K
$705.5K – $940.7K
NOI $56,441 @ 7.0% cap · market cap 4.72%
Theoretical Best
Retail
$18.33M
$16.04M – $21.38M
NOI $1,282,889 @ 7.0% cap · market cap 107.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- Pop Up Gelato — 1650 Abram Ct, San Leandro, CA 94577
- Curb Dogz — 14345 Acacia St, San Leandro, CA 94579
- Angelic Taste Catering — 1119 Coburn Ct, San Leandro, CA 94578
- SARAPe´ — 1304 Purdue St, San Leandro, CA 94579
- Blocko Vegan Tacos — 800 oak street, Oakland, CA 94607
FAQs
What type of property is this?
Flex space - Industrial condo with warehouse and office space for sale.
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; **3,524+\/- sq ft of warehouse space with 16' clear height and 14' x 14' drive‑in door**; Remodeled 486+\/- sq ft office space including reception/work area, private office, and restroom
