Two-Story Flex Industrial
3161-3197 Independence Dr, Livermore, CA 94551
For Sale
Contact for pricing
Corner unit features large windows, office space on two floors, and a high-ceiling warehouse with a rollup truck door.
Property Size3,067 SF
Price / SF$456.47
Days on Market452
Property Features for 3161-3197 Independence Dr
General Information
Standard status
Size
Property subtype
Listing Agency:
Lee & Associates | East Bay
(925) 460-6200
Listed By:
Mike Smith · License #00837386
(925) 200-9234
Source:
Moodyscre
Added: Aug 14, 2025
Changed: Oct 26
Last Checked: Nov 6 at 9:01AM
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 Lee & Associates | East Bay
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Investment Insights
Based on property information with market context.
This corner flex industrial unit is arranged with office space on both floors and a high-ceiling warehouse below. The first floor offers an open office plan, while the second floor includes a large, all-glass walled conference room. The warehouse component has two restrooms and a 12’ x 12’ rollup truck door, with large windows on two walls on both levels.
The property is described as having spectacular Livermore Valley views from both floors and an abundance of parking to support tenant and visitor access.
For additional flexibility, the combination of office improvements and a truck-accessible warehouse configuration is well suited to businesses that need both workplace space and warehouse/operational area in one location.
The property is described as having spectacular Livermore Valley views from both floors and an abundance of parking to support tenant and visitor access.
For additional flexibility, the combination of office improvements and a truck-accessible warehouse configuration is well suited to businesses that need both workplace space and warehouse/operational area in one location.
Key Highlights
- Corner unit with views of the Livermore Valley on both floors
- Large windows on two walls on both floors
- Two‑floor office setup with open office plan on the first floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,981
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,239,620
$1.2M
Cap Rate 7%
$885,443
$885.4K
Cap Rate 9%
$688,678
$688.7K
Market Conditions
NOI Build-Up for 3,067 SF
Gross rent
$110.8K $36.12/SF
− Vacancy
−$28.1K −$9.17/SF
EGI
$82.6K $26.95/SF
− OpEx
−$20.7K −$6.74/SF
NOI
$62.0K $20.21/SF
Area
Alameda County, CA
Vacancy
25.40%
Lease Rate
$36.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,239,620
Cap Rate 7%
$885,443
Cap Rate 9%
$688,678
Alternative Uses
Best Use
Office B
$885.4K
$774.8K – $1.03M
NOI $61,981 @ 7.0% cap · market cap 4.43%
Second Best
Warehouse
$668.6K
$585.0K – $780.0K
NOI $46,800 @ 7.0% cap · market cap 3.34%
Theoretical Best
Retail
$13.98M
$12.23M – $16.31M
NOI $978,761 @ 7.0% cap · market cap 69.91%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 94551, CA
40,358
Population
14,475
Households
2.8
Avg Household Size
38
Median Age
44%
College-Educated
92%
High-School Grad
82.7 sq mi
ZIP Area
488
Density / Sq Mi
$130,705
Median Household Income
$67,591
Median Earnings
$2,589
Median Rent
$931,000
Median Home Value
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Market
Properties on Market for Flex space in Livermore
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Flex space - Corner unit features large windows, office space on two floors, and a high-ceiling warehouse with a rollup truck door.
Where is this flex space located?
The property is located at 3161-3197 Independence Dr Livermore, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Corner unit with views of the Livermore Valley on both floors; Large windows on two walls on both floors; Two‑floor office setup with open office plan on the first floor
