Office Building with Detached
For Sale
$495,000
370 E 14Th St, San Leandro, CA 94577
Commercial Sale, San Leandro, CA
Property Size1,401 SF
Lot Size0.12 Acres
Price / SF$353.32
Days on Market100
Property Features for 370 E 14Th St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
NA-2
Subdivision
Downtown San Lea
Lot features
B A R T Nearby, Commercial, Residential Area
Directions
MacArthur > Dutton > E 14th
Standard status
Active
APN
7627431
Size
1,401 SF
Lot size
0.12 Acres
Building Details
Year built
1922
Building materials
Stucco
Roof type
Composition
Listing Agency:
Keller Williams Tri-Valley · Keller Williams Realty
(925) 397-4200
Listed By:
Elizabeth Serpa-Hill · License #02099816
(510) 725-0566
Added: May 15
Changed: Aug 22
Last Checked: Aug 22 at 9:06AM
MLS# 41134052
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,401-square-foot office building at 370 E 14th St. in San Leandro was constructed in 1922 and features stucco construction with a composition roof. The interior includes a reception area, waiting room, kitchenette or break room, three private offices or suites, an en-suite bath in one office, and a second full bathroom with shower. The property is delivered vacant and includes a detached garage for storage, paved parking, low-maintenance grounds, and a rear wheelchair ramp.
Zoned NA-2, the property may accommodate professional or creative office uses, subject to confirmation with the City of San Leandro. Potential medical, architectural, accounting, management, real estate, and studio applications are identified in the property information. Residential conversion to a two-family residence may be permitted with modifications, and an ADU may be possible; buyers must independently verify zoning, permitted uses, development options, and conversion requirements.
Zoned NA-2, the property may accommodate professional or creative office uses, subject to confirmation with the City of San Leandro. Potential medical, architectural, accounting, management, real estate, and studio applications are identified in the property information. Residential conversion to a two-family residence may be permitted with modifications, and an ADU may be possible; buyers must independently verify zoning, permitted uses, development options, and conversion requirements.
Key Highlights
- 1,401 square feet on a 0.1242‑acre parcel
- Delivered vacant for owner‑user or investment consideration
- Reception, waiting room, kitchenette, three private offices or suites, and two full bathrooms
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
$28,313
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
5.72%
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%
$566,260
$566.3K
Cap Rate 7%
$404,471
$404.5K
Cap Rate 9%
$314,589
$314.6K
Market Conditions
NOI Build-Up for 1,401 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
$50.6K $36.12/SF
− Vacancy
−$12.9K −$9.17/SF
EGI
$37.8K $26.95/SF
− OpEx
−$9.4K −$6.74/SF
NOI
$28.3K $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%
$566,260
Cap Rate 7%
$404,471
Cap Rate 9%
$314,589
Alternative Uses
Best Use
Office B
$404.5K
$353.9K – $471.9K
NOI $28,313 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$6.39M
$5.59M – $7.45M
NOI $447,096 @ 7.0% cap · market cap 90.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,329
Businesses Nearby
Explore this area
Business Placement
Demographics for 94577, CA
48,868
Population
17,681
Households
2.8
Avg Household Size
41
Median Age
39%
College-Educated
86%
High-School Grad
8.1 sq mi
ZIP Area
6,033
Density / Sq Mi
$110,989
Median Household Income
$56,382
Median Earnings
$2,199
Median Rent
$824,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Vacant professional property with reception, kitchenette, private office areas, accessible rear entry, and paved on-site parking.
Where is this office building located?
The property is located at 370 E 14Th St San Leandro, CA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 1,401 square feet on a 0.1242‑acre parcel; Delivered vacant for owner‑user or investment consideration; Reception, waiting room, kitchenette, three private offices or suites, and two full bathrooms
