Turn Key Office
For Sale
$1,650,000
35465 Dumbarton Ct, Newark, CA 94560
Versatile office space suitable for various service-oriented businesses.
Property Size3,087 SF
Price / SF$534.50
Days on Market197
Property Features for 35465 Dumbarton Ct
General Information
Standard status
Active
Size
3,087 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
2004
Listing Agency:
Cal Real Estate
(510) 830-1777
Listed By:
Albert Valdez · License #00836948
(510) 453-1561
Source:
Exitrealty
Added: Feb 27
Changed: Sep 6
Last Checked: Sep 12 at 5:56AM
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 Cal Real Estate
Investment Insights
Based on property information with market context.
This property presents a rare opportunity for a turn-key real estate office that can also be adapted for use as a medical office, day care center, or other service-type businesses. Furniture and equipment are negotiable. The layout includes a lobby, conference room, kitchen area, and eight offices of varying sizes. Common area parking is available. The association dues cover exterior maintenance, roof upkeep, landscaping, garbage disposal, water, property management, and parking maintenance. The property is located close to 880 and the Dumbarton Bridge, with Challenger School situated across from the office. The bike score is 53, indicating bikeable conditions, the walk score is 45, indicating car-dependent conditions, and the transit score is 28, indicating some transit options.
Key Highlights
- Turn‑key office space suitable for various service‑type businesses (real estate, medical, daycare).
- Strategic location near 880 and Dumbarton Bridge.
- Includes lobby, conference room, kitchen area, and eight offices.
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
$62,386
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
3.78%
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%
$1,247,720
$1.2M
Cap Rate 7%
$891,229
$891.2K
Cap Rate 9%
$693,178
$693.2K
Market Conditions
NOI Build-Up for 3,087 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
$111.5K $36.12/SF
− Vacancy
−$28.3K −$9.17/SF
EGI
$83.2K $26.95/SF
− OpEx
−$20.8K −$6.74/SF
NOI
$62.4K $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 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%
$1,247,720
Cap Rate 7%
$891,229
Cap Rate 9%
$693,178
Alternative Uses
Best Use
Office B
$891.2K
$779.8K – $1.04M
NOI $62,386 @ 7.0% cap · market cap 3.78%
Second Best
Healthcare Medical
$755.4K
$661.0K – $881.3K
NOI $52,877 @ 7.0% cap · market cap 3.20%
Theoretical Best
Retail
$14.07M
$12.31M – $16.42M
NOI $985,144 @ 7.0% cap · market cap 59.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
802
Businesses Nearby
Explore this area
Business Placement
Demographics for 94560, CA
47,533
Population
15,897
Households
3
Avg Household Size
37
Median Age
47%
College-Educated
90%
High-School Grad
20.1 sq mi
ZIP Area
2,365
Density / Sq Mi
$164,909
Median Household Income
$73,859
Median Earnings
$2,730
Median Rent
$1,094,200
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 Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Versatile office space suitable for various service-oriented businesses.
Where is this office units located?
The property is located at 35465 Dumbarton Ct Newark, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Turn‑key office space suitable for various service‑type businesses (real estate, medical, daycare).; Strategic location near 880 and Dumbarton Bridge.; Includes lobby, conference room, kitchen area, and eight offices.
