Fremont Light Industrial
For Sale
Contact for pricing
Pending
4396 Enterprise Place, Fremont, CA 94538
95% leased light industrial building in Silicon Valley.
Property Size20,987 SF
Days on Market102
Property Features for 4396 Enterprise Place
General Information
Standard status
Pending
Size
20,987 SF
Class
B
Property subtype
Industrial
Zoning
I-G
Occupancy
95%
Lease Type
Modified Gross
Investment Type
Stabilized
Building Details
Year Built
1979
Buildings
1
Units
14
Tenancy
Multi
Listing Agency:
Colliers - Silicon Valley - San Jose, California
(415) 288-7889
Listed By:
Kevin Moul · License #CA 01836970
Source:
Crexi
Added: May 14
Changed: Aug 8
Last Checked: Jul 25 at 3:49AM
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 - Silicon Valley - San Jose, California
Investment Insights
Based on property information with market context.
This is a light industrial building located in Fremont, California, within the Silicon Valley area. The property offers a functional space that aligns with market demand. It also features a secured yard. The building is currently 95% leased. The property size is 20987 square feet.
Key Highlights
- 95% Leased: Provides immediate income stream.
- Core Silicon Valley Location: Highly desirable area.
- 880 Corridor Location: Excellent accessibility and visibility.
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
$335,383
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
5.59%
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%
$6,707,660
$6.7M
Cap Rate 7%
$4,791,186
$4.8M
Cap Rate 9%
$3,726,478
$3.7M
Market Conditions
NOI Build-Up for 20,987 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
$501.2K $23.88/SF
− Vacancy
−$22.1K −$1.05/SF
EGI
$479.1K $22.83/SF
− OpEx
−$143.7K −$6.85/SF
NOI
$335.4K $15.98/SF
Area
Fremont, CA
Vacancy
4.40%
Lease Rate
$23.88 /SF/Yr
Expense Ratio
30.00%
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%
$6,707,660
Cap Rate 7%
$4,791,186
Cap Rate 9%
$3,726,478
Alternative Uses
Best Use
Industrial
$4.79M
$4.19M – $5.59M
NOI $335,383 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.99M
$11.37M – $15.16M
NOI $909,356 @ 7.0% cap · market cap 15.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,151
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 Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - 95% leased light industrial building in Silicon Valley.
Where is this industrial property located?
The property is located at 4396 Enterprise Place Fremont, CA.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: 95% Leased: Provides immediate income stream.; Core Silicon Valley Location: Highly desirable area.; 880 Corridor Location: Excellent accessibility and visibility.
