Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Established Restaurant Site For Rent Title is generated by Realmo AI

    3188 Alvarado St, San Leandro, CA 94577

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    High-traffic location suitable for restaurant, retail, or commercial use.

    Type:Retail
    Added:
    May 20, 2026
    Days on Market:
    13
    Last Refresh:
    May 21 at 7:08 am

    Property Features for 3188 Alvarado St

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 3188 Alvarado St Contact us

    We can help!

    Listing Contact
    Jamie Flaherty-Evans
    Jamie Flaherty-Evans

    Listing agent Jamie Flaherty-Evans License #01432663

    Listing office Chromata Retail

    Listing date May 20, 2026

    Source Crexi

    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 Chromata Retail

    HighLights

    • High Traffic Intersection of Fremont Avenue & Alvarado Street
    • Dedicated Lot with Ample Parking – 85 Stalls
    • Excellent visibility and ingress/egress with two access points
    • Surrounded by vibrant business parks and a dense residential neighborhood
    • Building & Pylon Signage Available
    • Adjacent yard area can also be utilized

    Overview

    This established restaurant site is located at the high-traffic intersection of Fremont Avenue and Alvarado Street. It is surrounded by vibrant business parks and a dense residential neighborhood. The site offers excellent visibility and ingress/egress with two access points. A dedicated lot provides ample parking with 85 stalls. Building and pylon signage are available. The adjacent yard area can also be utilized. The property can accommodate restaurant, retail, and other uses.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Pop Up Gelato — 1650 Abram Ct, San Leandro, CA 94577
    • Curb Dogz — 14345 Acacia St, San Leandro, CA 94579
    • On Occasion Catering — San Leandro, CA 94577
    • Angelic Taste Catering — 1119 Coburn Ct, San Leandro, CA 94578
    • Blocko Vegan Tacos — 800 oak street, Oakland, CA 94607

    Location Insight

    • Map
    • Local Demand
    City
    San Leandro
    County
    Alameda
    State
    California
    Longitude
    -122.1504286
    Latitude
    37.7039239

    Nearby Similar for Lease

    • $1.35 SF/Yr
      8,400 SF

      San Leandro Warehouse Sublease Available

      8,400 SF sublease with office space and loading dock.
      1991 Burroughs Avenue, San Leandro, CA 94577
      View Details
    • Contact for pricing
      1,479 SF

      San Leandro Medical/Professional Office

      Well-situated medical/professional services/office/retail space in San Leandro, CA.
      595 Estudillo Ave, San Leandro, CA 94577
      View Details
    • Contact for pricing
      3,250 SF

      San Leandro Retail Opportunity

      Versatile commercial space in a high-traffic downtown location.
      1793 E 14th St, San Leandro, CA 94577
      View Details
    • $72,000 SF/Yr
      3,250 SF

      San Leandro Commercial Space Available

      Commercial space for rent at a corner location.
      1793 E 14th Street, San Leandro, CA 94577
      View Details
    • $1.40 SF/Yr
      5,900 SF

      San Leandro Industrial Space Available

      Industrial property available for lease in San Leandro, California.
      14562 Wicks Boulevard, San Leandro, CA, 94577
      View Details
    • $1.20 SF/Yr
      4,000 SF

      San Leandro Warehouse with Office

      4,000 SF warehouse with 635 SF office space.
      2122 Adams Ave, San Leandro, CA
      View Details
    • $1.50 SF/Yr
      2,912 SF

      San Leandro Industrial Space Available

      Industrial space with office and drive-in door for lease.
      1760 Timothy Dr, San Leandro, CA
      View Details
    • Contact for pricing
      6,651 SF

      San Leandro Warehouse with Yard

      Warehouse with office space and a large fenced yard.
      10998 Bigge Street, San Leandro, CA 94577
      View Details
    • Contact for pricing
      3,400 SF

      Downtown San Leandro Retail Space

      Retail space in downtown San Leandro with dedicated parking.
      100 Callan Ave, San Leandro, CA 94577
      View Details
    • Contact for pricing
      76,000 SF

      Industrial Warehouse with Private Offices

      Class B industrial warehouse featuring private offices and drive-in doors.
      2400-2496 Teagarden St, San Leandro, CA 94577
      View Details
    • Contact for pricing
      15,000 SF

      Industrial Space in Kings Crossing

      Industrial space available for lease in San Leandro, CA.
      1444-1446 Factor Ave, San Leandro, CA 94577
      View Details
    • $1.50 SF/Yr
      15,000 SF

      Industrial Space in Catalina Park

      Industrial property for lease in San Leandro's Catalina Corporate Park.
      14405-14477 Catalina St., San Leandro, CA 94577
      View Details

    FAQs

    What type of property is this?
    Restaurant - High-traffic location suitable for restaurant, retail, or commercial use.
    Where is this restaurant located?
    The property is located at 3188 Alvarado St San Leandro, CA.
    What are key features of this property?
    This property features: High Traffic Intersection of Fremont Avenue & Alvarado Street; Dedicated Lot with Ample Parking – **85 Stalls**; Excellent visibility and ingress/egress with two access points
    (510) 334-8606 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jamie Flaherty-Evans
    Jamie Flaherty-Evans
    Real Estate License ID: 01432663
    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

    Thank You for Inquiry
    3188 Alvarado St, San Leandro, CA 94577
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!