Fremont Flex/Industrial/Office Property For
For Sale
Contact for pricing
44255 Old Warm Springs Blvd # A3, Fremont, CA 94538
Flex, industrial, and office property available for purchase in Fremont.
Property Size8,022 SF
Price / SF$324.11
Days on Market240
Property Features for 44255 Old Warm Springs Blvd # A3
General Information
Standard status
Active
Size
8,022 SF
Class
C
Property subtype
Industrial
Building Details
Year Built
1987
Listing Agency:
Lee & Associates - Oakland
(510) 914-1618
Listed By:
David K. Scarpinato · License #CA 01812743
Source:
Crexi
Added: Dec 17, 2025
Changed: Aug 14
Last Checked: Aug 14 at 7:38AM
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.
This commercial real estate property in Fremont, California, offers a versatile space suitable for flex, industrial, and office uses. The property encompasses a total area of 8,022 square feet. It is currently listed for sale.
Key Highlights
- No property information was provided to extract selling points.
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
$128,196
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%
$2,563,920
$2.6M
Cap Rate 7%
$1,831,371
$1.8M
Cap Rate 9%
$1,424,400
$1.4M
Market Conditions
NOI Build-Up for 8,022 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
$191.6K $23.88/SF
− Vacancy
−$8.4K −$1.05/SF
EGI
$183.1K $22.83/SF
− OpEx
−$54.9K −$6.85/SF
NOI
$128.2K $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%
$2,563,920
Cap Rate 7%
$1,831,371
Cap Rate 9%
$1,424,400
Alternative Uses
Best Use
Industrial
$1.83M
$1.60M – $2.14M
NOI $128,196 @ 7.0% cap · market cap 4.93%
Second Best
Flex RnD
$1.70M
$1.49M – $1.98M
NOI $119,039 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$4.97M
$4.34M – $5.79M
NOI $347,589 @ 7.0% cap · market cap 13.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,117
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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Frequently Asked Questions
What type of property is this?
Flex space - Flex, industrial, and office property available for purchase in Fremont.
Where is this flex space located?
The property is located at 44255 Old Warm Springs Blvd # A3 Fremont, CA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: No property information was provided to extract selling points.
