Condominium Office
For Sale
$2,360,000
3845 Beacon Ave, Fremont, CA 94538
For-sale condo offering ownership of commercial office space at 3845 Beacon Ave.
Property Size5,675 SF
Days on Market55
Property Features for 3845 Beacon Ave
General Information
Standard status
Active
Size
5,675 SF
Property subtype
Office
Building Details
Building Size
5,675 SF
Year Built
1981
Listing Agency:
Lee & Associates | East Bay
(925) 876-8033
Listed By:
Mark Rinkle · License #CalDRE #01512632
(925) 876-8033
Source:
Lee-associates
Added: Jun 29
Changed: Aug 22
Last Checked: Aug 22 at 4:34AM
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
Investment Insights
Based on property information with market context.
This listing offers a condo for sale configured as commercial office space, marketed as office units or office suites within a condominium structure. The property is presented as a condo rather than a single standalone building, which can appeal to buyers looking for office ownership with a condominium-style structure.
The address is 3845 Beacon Ave in Fremont, CA. The asset is specifically offered as a “condo for sale,” with details provided under the commercial real estate office use category.
From an occupancy and ownership standpoint, a condo-style office offering can be a practical fit for professional users who prefer purchasing their office space rather than leasing. It may also be of interest to buyers seeking an ownership format aligned with office operations, where the property is marketed for office use. As presented, this opportunity is best evaluated based on the condo’s specific floor plan, unit configuration, and any condominium documents that govern shared areas and ongoing obligations, since those details are not included in the information provided here.
The address is 3845 Beacon Ave in Fremont, CA. The asset is specifically offered as a “condo for sale,” with details provided under the commercial real estate office use category.
From an occupancy and ownership standpoint, a condo-style office offering can be a practical fit for professional users who prefer purchasing their office space rather than leasing. It may also be of interest to buyers seeking an ownership format aligned with office operations, where the property is marketed for office use. As presented, this opportunity is best evaluated based on the condo’s specific floor plan, unit configuration, and any condominium documents that govern shared areas and ongoing obligations, since those details are not included in the information provided here.
Key Highlights
- For‑sale condo offering ownership of commercial office space at 3845 Beacon Ave.
- Built in 1981.
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
$207,606
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
8.80%
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%
$4,152,120
$4.2M
Cap Rate 7%
$2,965,800
$3.0M
Cap Rate 9%
$2,306,733
$2.3M
Market Conditions
NOI Build-Up for 5,675 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
$320.8K $56.52/SF
− Vacancy
−$43.9K −$7.74/SF
EGI
$276.8K $48.78/SF
− OpEx
−$69.2K −$12.19/SF
NOI
$207.6K $36.58/SF
Area
Fremont, CA
Vacancy
13.70%
Lease Rate
$56.52 /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%
$4,152,120
Cap Rate 7%
$2,965,800
Cap Rate 9%
$2,306,733
Alternative Uses
Best Use
Office B
$2.97M
$2.60M – $3.46M
NOI $207,606 @ 7.0% cap · market cap 8.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.51M
$3.07M – $4.10M
NOI $245,895 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,307
Businesses Nearby
Explore this area
Business Placement
Demographics for 94538, CA
66,424
Population
24,429
Households
2.7
Avg Household Size
36
Median Age
53%
College-Educated
90%
High-School Grad
16.5 sq mi
ZIP Area
4,026
Density / Sq Mi
$144,451
Median Household Income
$76,827
Median Earnings
$2,860
Median Rent
$1,104,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - For-sale condo offering ownership of commercial office space at 3845 Beacon Ave.
Where is this office units located?
The property is located at 3845 Beacon Ave Fremont, CA.
What is the asking price?
The asking price for this property is $2,360,000.
What are key features of this property?
This property features: For‑sale condo offering ownership of commercial office space at 3845 Beacon Ave.; Built in 1981.
