Free-Standing Industrial Services
For Sale
Contact for pricing
41011 Albrae St, Fremont, CA 94538
Free-standing industrial services building with a yard and direct I-880 visibility in Fremont.
Property Size17,213 SF
Price / SF$452.79
Days on Market125
Property Features for 41011 Albrae St
General Information
Standard status
Active
Size
17,213 SF
Property subtype
RETAIL
Properties For Sale
at 41011 Albrae St Contact us- Floor
- 1
- Size
- 17,213 SF
- Type
- RETAIL
- Availability
- AVAILABLE, Now
- Sublease
- No
41011 Albrae St
Listing Agency:
Lee & Associates | Oakland
(510) 903-7600
Listed By:
Garrett Drew · License #01923730
(510) 903-7613
Source:
Moodyscre
Added: May 8
Changed: Aug 25
Last Checked: Sep 8 at 7:35AM
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 | Oakland
Investment Insights
Based on property information with market context.
Available now, this free-standing industrial services building offers direct I-880 visibility and includes a dedicated yard. The property totals 17,213± SF and is presented as an industrial services facility in a stand-alone configuration.
Located at 41011–41041 Albrae St in Fremont, CA, the site is positioned for straightforward access and prominence with visibility from I-880.
The layout is designed around the combination of warehouse/industrial space and outdoor yard area, supporting operations that benefit from both covered work space and exterior staging or storage.
Located at 41011–41041 Albrae St in Fremont, CA, the site is positioned for straightforward access and prominence with visibility from I-880.
The layout is designed around the combination of warehouse/industrial space and outdoor yard area, supporting operations that benefit from both covered work space and exterior staging or storage.
Key Highlights
- 17,213± SF free‑standing industrial services building with a yard
- Direct I‑880 visibility in Fremont
- Built in 2002
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
$260,163
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
3.34%
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%
$5,203,260
$5.2M
Cap Rate 7%
$3,716,614
$3.7M
Cap Rate 9%
$2,890,700
$2.9M
Market Conditions
NOI Build-Up for 17,213 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
$320.2K $18.60/SF
− Vacancy
−$14.1K −$0.82/SF
EGI
$306.1K $17.78/SF
− OpEx
−$45.9K −$2.67/SF
NOI
$260.2K $15.11/SF
Area
Fremont, CA
Vacancy
4.40%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
15.00%
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%
$5,203,260
Cap Rate 7%
$3,716,614
Cap Rate 9%
$2,890,700
Alternative Uses
Best Use
Warehouse
$3.72M
$3.25M – $4.34M
NOI $260,163 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.65M
$9.32M – $12.43M
NOI $745,831 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
917
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Auto Mall RV & Boat Storage — 42335 boscell rd, fremont, ca 94538
- Loretto Self Storage Unit — 42776 Albrae St, Fremont, CA 94538
- Public Storage — 42101 Albrae St, Fremont, CA 94538
Frequently Asked Questions
What type of property is this?
Warehouse - Free-standing industrial services building with a yard and direct I-880 visibility in Fremont.
Where is this warehouse located?
The property is located at 41011 Albrae St Fremont, CA.
What is the asking price?
The asking price for this property is $7,793,810.
What are key features of this property?
This property features: 17,213± SF free‑standing industrial services building with a yard; Direct I‑880 visibility in Fremont; Built in 2002
