Industrial Flex
For Sale
Contact for pricing
4416-4468 Technology Dr, Fremont, CA 94538
Industrial flex property offering convenient freeway and public transportation access and proximity to major area employers.
Property Size4,176 SF
Price / SF$395.11
Days on Market400
Property Features for 4416-4468 Technology Dr
General Information
Standard status
Active
Size
4,176 SF
Property subtype
FLEX_R_AND_D
Additional Details
Highway Access
Yes
Listing Agency:
The Ivy Group
(510) 213-8883
Listed By:
Tim Vi Tran
(408) 799-5290
Source:
Moodyscre
Added: Aug 14, 2025
Changed: Aug 16
Last Checked: Sep 16 at 6:40PM
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 The Ivy Group
Investment Insights
Based on property information with market context.
This for-sale industrial flex property is well suited for uses requiring a practical mix of office and functional workspace. The offering includes industrial real estate and flex space under one package, positioned to support a range of day-to-day operational needs.
The property provides convenient access to major freeways and public transportation. It is also located close to major employers including Tesla, Lam Research, and Caterpillar, supporting steady demand from the local employment base.
For buyers evaluating space that can accommodate both operational and office requirements, this flex-oriented industrial asset offers a straightforward option in a connected Fremont location.
The property provides convenient access to major freeways and public transportation. It is also located close to major employers including Tesla, Lam Research, and Caterpillar, supporting steady demand from the local employment base.
For buyers evaluating space that can accommodate both operational and office requirements, this flex-oriented industrial asset offers a straightforward option in a connected Fremont location.
Key Highlights
- Convenient access to major freeways and public transportation.
- Close proximity to major employers, including Tesla, Lam Research, and Caterpillar.
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
$66,735
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
4.04%
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%
$1,334,700
$1.3M
Cap Rate 7%
$953,357
$953.4K
Cap Rate 9%
$741,500
$741.5K
Market Conditions
NOI Build-Up for 4,176 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
$99.7K $23.88/SF
− Vacancy
−$4.4K −$1.05/SF
EGI
$95.3K $22.83/SF
− OpEx
−$28.6K −$6.85/SF
NOI
$66.7K $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%
$1,334,700
Cap Rate 7%
$953,357
Cap Rate 9%
$741,500
Alternative Uses
Best Use
Industrial
$953.4K
$834.2K – $1.11M
NOI $66,735 @ 7.0% cap · market cap 4.04%
Second Best
Flex RnD
$885.3K
$774.6K – $1.03M
NOI $61,968 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$2.58M
$2.26M – $3.02M
NOI $180,944 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,283
Businesses Nearby
Balanced
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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Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex property offering convenient freeway and public transportation access and proximity to major area employers.
Where is this flex space located?
The property is located at 4416-4468 Technology Dr Fremont, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Convenient access to major freeways and public transportation.; Close proximity to major employers, including Tesla, Lam Research, and Caterpillar.
