Multi-Tenant Flex Warehouse
For Sale
Contact for pricing
30540 Union City Blvd, Union City, CA 94587
Multi-tenant, sprinklered warehouse and flex facility with 16-foot clear height and grade-level loading to each unit.
Property Size50,000 SF
Lot Size2.22 Acres
Price / SF$250
Days on Market362
Property Features for 30540 Union City Blvd
General Information
Standard status
Active
Size
50,000 SF
Lot size
2.22 Acres
Property subtype
INDUSTRIAL
Zoning
ML
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
1
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Amenities
on-site management
Building Details
Year Built
1964
Tenancy
Multi
Listing Agency:
Colliers | Pleasanton
(925) 463-2300
Listed By:
Joe Yamin, SIOR
(925) 200-4687
Source:
Moodyscre
Added: Sep 17, 2025
Changed: Sep 10
Last Checked: Sep 12 at 4:05AM
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 Colliers | Pleasanton
Investment Insights
Based on property information with market context.
This multi-tenant flex warehouse facility was built in 1964 and offers four suites. The building is sprinklered and includes 16-foot clear height. Each individual unit features approximately grade-level loading. Warehouse configuration includes 20-foot bay spacing between pillars with 120-foot depth, plus a mezzanine and HVAC-equipped offices. Select improvements include a 14x12 drive-in door, and the property is operated with on-site management.
Convenient freeway access is highlighted with proximity to I-880, approximately 1.5 miles away. The site is identified by parcel numbers 483-5-9-2 and 483-5-10, and zoning is listed as ML (please verify use). The building also includes executive and dispatch office space.
Convenient freeway access is highlighted with proximity to I-880, approximately 1.5 miles away. The site is identified by parcel numbers 483-5-9-2 and 483-5-10, and zoning is listed as ML (please verify use). The building also includes executive and dispatch office space.
Key Highlights
- Multi‑tenant industrial/flex facility with ±150,000 SF on 2.22 acres
- Four suites with 16’ clear height and sprinkler system
- Grade‑level loading to each individual unit plus 14x12 drive‑in door
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
$762,960
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
6.10%
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%
$15,259,200
$15.3M
Cap Rate 7%
$10,899,429
$10.9M
Cap Rate 9%
$8,477,333
$8.5M
Market Conditions
NOI Build-Up for 50,000 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
$960.0K $19.20/SF
− Vacancy
−$62.4K −$1.25/SF
EGI
$897.6K $17.95/SF
− OpEx
−$134.6K −$2.69/SF
NOI
$763.0K $15.26/SF
Area
Alameda County, CA
Vacancy
6.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
15.00%
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%
$15,259,200
Cap Rate 7%
$10,899,429
Cap Rate 9%
$8,477,333
Alternative Uses
Best Use
Warehouse
$10.90M
$9.54M – $12.72M
NOI $762,960 @ 7.0% cap · market cap 6.10%
Second Best
Flex RnD
$10.03M
$8.78M – $11.70M
NOI $702,000 @ 7.0% cap · market cap 5.62%
Theoretical Best
Retail
$227.95M
$199.45M – $265.94M
NOI $15,956,325 @ 7.0% cap · market cap 127.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,008
Businesses Nearby
Under-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
- Raja Sweets & Indian Cuisine — 31853 Alvarado Blvd, Union City, CA 94587
- Kabila — 29286 Union City Blvd, Union City, CA 94587
Frequently Asked Questions
What type of property is this?
Flex space - Multi-tenant, sprinklered warehouse and flex facility with 16-foot clear height and grade-level loading to each unit.
Where is this flex space located?
The property is located at 30540 Union City Blvd Union City, CA.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: Multi‑tenant industrial/flex facility with ±150,000 SF on 2.22 acres; Four suites with 16’ clear height and sprinkler system; Grade‑level loading to each individual unit plus 14x12 drive‑in door
