Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Industrial Single Tenant Space Title is generated by Realmo AI

    38507 Cherry St, Newark, CA 94560

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Industrial single tenant property available for lease.

    Type:Industrial
    Property size:
    12,000 SF
    Added:
    Mar 6, 2026
    Days on Market:
    67
    Last Refresh:
    Mar 16 at 11:42 am

    Property Features for 38507 Cherry St

    General Information

    Standard status
    Active
    Size
    12,000 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 38507 Cherry St Contact us

    Unit G $1.55 /Mo

    Size
    12,000 SF
    Type
    Industrial
    Corner unit with 12,000 SF available for lease including 5,140 SF office spacernOne...
    show more
    Contact us

    We can help!

    Listing Contact
    Garrett Dunn

    Listing agent Garrett Dunn License #02229225

    Listing office Colliers - Oakland, California

    Listing date Mar 6, 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 Colliers - Oakland, California

    HighLights

    • Single tenant
    • Industrial property
    • 12,000 SqFt

    Overview

    This industrial property offers a single tenant space with a total area of 12,000 square feet.
    Location Intelligence

    Current Use by Public Records

    LTS California - San ... Security Service Prologis Business Service Center Gold Up USA ... Warehouse & Storage DVW Commercial Distribution Center JAYMIN ENTERPRISES CORP. Big Box & Wholesale Store

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Alameda
    State
    California
    Longitude
    -122.017501
    Latitude
    37.5214212

    Nearby Similar for Lease

    • Contact for pricing

      Balentine

      39899 Balentine Dr, Unit 200, Newark, CA 94560
      View Details
    • $1.50 SF/Yr

      Functional Warehouse Near Highway 84

      5,000 SF warehouse space with easy access to East Bay.
      Newark, CA 94560
      View Details
    • $1.60 SF/Yr

      Newark Retail/Showroom Space Available

      Retail/showroom space with frontage on Cedar Boulevard.
      37420 Cedar Blvd, Newark, CA
      View Details
    • Contact for pricing

      Spacious Office Sublease Opportunity

      52,000 SF office space available for sublease.
      7575 Gateway Blvd., Neward, California 94560
      View Details
    • $1.50 SF/Yr

      Functional Warehouse Near Highway 84

      5,000 SF warehouse space with easy access to East Bay.
      35263-35325 Fircrest Street, Newark, CA 94560
      View Details
    • Contact for pricing

      Industrial Space Near Fremont Station

      48,960 SF industrial space for lease near Fremont Station.
      8652 Thornton Avenue, Newark, CA 94560
      View Details
    • Contact for pricing

      Industrial Space with Office

      Industrial space with office component, available June 1, 2024.
      8610 Thornton Avenue, Newark, CA 94560
      View Details
    • Contact for pricing

      Renovated Stand-Alone Building

      Renovated 53,259 SF stand-alone building available for lease.
      8100 Jarvis Avenue, Newark, CA, 94560
      View Details
    • Contact for pricing

      Enterprise Drive Flex Space Available

      Flex space available near Dumbarton Bridge/Menlo Park.
      7730 Enterprise Drive, Newark, CA, 94560
      View Details
    • Contact for pricing

      Turnkey Restaurant Space Near Mall

      Restaurant space available in mixed-use development near NewPark Mall.
      5900 Newpark Plz, Newark, CA
      View Details
    • Contact for pricing

      Industrial Space Near Fremont Station

      Industrial space for lease near Fremont Station, available December 1, 2023.
      8678 Thornton Avenue, Newark, CA 94560
      View Details
    • $1.60 SF/Yr

      Flex Space Available For Lease

      Flex space featuring a reception area, private office, and restroom.
      37350 Cedar Blvd, Newark, CA
      View Details

    FAQs

    What type of property is this?
    Industrial property - Industrial single tenant property available for lease.
    Where is this industrial property located?
    The property is located at 38507 Cherry St Newark, CA.
    What are key features of this property?
    This property features: Single tenant; Industrial property; 12,000 SqFt
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Garrett Dunn
    Real Estate License ID: 02229225
    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
    38507 Cherry St, Newark, CA 94560
    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!