Flex Condo with Office
For Sale
Contact for pricing
4361 Technology Drive Unit D, Livermore, CA 94550
Industrial flex condominium combining Class A offices, warehouse space, a kitchenette, and grade-level loading access.
Property Size1,812 SF
Price / SF$410.04
Days on Market8
Property Features for 4361 Technology Drive Unit D
General Information
Standard status
Active
Size
1,812 SF
Class
A
Property subtype
Office, Industrial
Warehouse & Industrial
Clear Height
17 ft
Warehouse Space
430 SF
Office Build-Out
1,382 SF
Drive-In Doors
1
Power
250 amps
Additional Details
Asking Price
$743,000
Office Units
1
Amenities
kitchenette
Listing Agency:
Lee & Associates - Pleasanton
(925) 519-8026
Listed By:
Sean Offers · License #CA 01858116
Source:
Crexi
Added: Aug 14
Changed: Aug 20
Last Checked: Aug 20 at 8:19PM
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 - Pleasanton
Investment Insights
Based on property information with market context.
Unit D is an 1,812-square-foot industrial flex condominium with a predominantly office-oriented layout. Approximately 1,382 square feet is configured as Class A office space, while the remaining approximately 430 square feet provides warehouse area and includes a kitchenette. The unit also offers 17-foot insulated clear height, one grade-level door, and 250 Amps of power, subject to tenant verification.
The property is located at 4361 Technology Drive in Livermore, California, with the 94550 ZIP code. The combination of finished office area, dedicated warehouse space, loading access, and electrical capacity supports a range of commercial flex-space requirements.
The property is located at 4361 Technology Drive in Livermore, California, with the 94550 ZIP code. The combination of finished office area, dedicated warehouse space, loading access, and electrical capacity supports a range of commercial flex-space requirements.
Key Highlights
- 1,812 SF industrial flex condominium at 4361 Technology Drive, Unit D
- Approximately 1,382 SF of Class A office space
- Approximately 430 SF of warehouse area with kitchenette
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
$36,619
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
4.93%
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%
$732,380
$732.4K
Cap Rate 7%
$523,129
$523.1K
Cap Rate 9%
$406,878
$406.9K
Market Conditions
NOI Build-Up for 1,812 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
$65.4K $36.12/SF
− Vacancy
−$16.6K −$9.17/SF
EGI
$48.8K $26.95/SF
− OpEx
−$12.2K −$6.74/SF
NOI
$36.6K $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%
$732,380
Cap Rate 7%
$523,129
Cap Rate 9%
$406,878
Alternative Uses
Best Use
Office B
$523.1K
$457.7K – $610.3K
NOI $36,619 @ 7.0% cap · market cap 4.93%
Second Best
Warehouse
$395.0K
$345.6K – $460.8K
NOI $27,650 @ 7.0% cap · market cap 3.72%
Theoretical Best
Retail
$8.26M
$7.23M – $9.64M
NOI $578,257 @ 7.0% cap · market cap 77.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
17 ft
Clear height
1
Drive-in doors
1
Office units
Location Intelligence
Trade Area within ½ mile
682
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94550, CA
49,959
Population
18,390
Households
2.7
Avg Household Size
42
Median Age
56%
College-Educated
96%
High-School Grad
272.0 sq mi
ZIP Area
184
Density / Sq Mi
$177,218
Median Household Income
$88,646
Median Earnings
$2,681
Median Rent
$1,146,700
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.
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex condominium combining Class A offices, warehouse space, a kitchenette, and grade-level loading access.
Where is this flex space located?
The property is located at 4361 Technology Drive Unit D Livermore, CA.
What is the asking price?
The asking price for this property is $743,000.
What are key features of this property?
This property features: 1,812 SF industrial flex condominium at 4361 Technology Drive, Unit D; Approximately 1,382 SF of Class A office space; Approximately 430 SF of warehouse area with kitchenette
