Manufacturing Building with Grade-Level
For Sale
Contact for pricing
459 Hester St, San Leandro, CA 94577
Manufacturing space offers a divisible layout, office area, and grade-level loading.
Property Size26,400 SF
Price / SF$208.33
Days on Market8
Property Features for 459 Hester St
General Information
Standard status
Active
Size
26,400 SF
Property subtype
INDUSTRIAL
Listing Agency:
Lee & Associates | Oakland
(510) 903-7600
Listed By:
Chris Schofield · License #01326198
(925) 895-8008
Source:
Moodyscre
Added: Oct 6
Changed: Oct 10
Last Checked: Oct 12 at 9:31PM
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 San Leandro manufacturing property contains 26,400± SF, with the option to divide the space to 15,000± SF. Approximately 1,500 SF is configured as office space, and seven grade-level doors serve the building. Clear heights range from 16’ to 25’, with 1,200 amps at 277/480 volts. Units 1–2 have a new roof, and sprinkler systems are installed in Units 1–3.
The property occupies approximately 1.2 acres at 459 Hester St, with I-880 nearby.
The property occupies approximately 1.2 acres at 459 Hester St, with I-880 nearby.
Key Highlights
- 26,400± SF of industrial/manufacturing space on 1.2± acres
- Divisible to 15,000± SF
- 1,500± SF of office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$316,008
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,320,160
$6.3M
Cap Rate 7%
$4,514,400
$4.5M
Cap Rate 9%
$3,511,200
$3.5M
Market Conditions
NOI Build-Up for 26,400 SF
Gross rent
$475.2K $18.00/SF
− Vacancy
−$23.8K −$0.90/SF
EGI
$451.4K $17.10/SF
− OpEx
−$135.4K −$5.13/SF
NOI
$316.0K $11.97/SF
Area
Alameda County, CA
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,320,160
Cap Rate 7%
$4,514,400
Cap Rate 9%
$3,511,200
Alternative Uses
Best Use
Industrial
$4.51M
$3.95M – $5.27M
NOI $316,008 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$120.36M
$105.31M – $140.42M
NOI $8,424,940 @ 7.0% cap · market cap 153.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
755
Businesses Nearby
Explore this area
Business Placement
Demographics for 94577, CA
48,868
Population
17,681
Households
2.8
Avg Household Size
41
Median Age
39%
College-Educated
86%
High-School Grad
8.1 sq mi
ZIP Area
6,033
Density / Sq Mi
$110,989
Median Household Income
$56,382
Median Earnings
$2,199
Median Rent
$824,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Manufacturing space offers a divisible layout, office area, and grade-level loading.
Where is this manufacturing property located?
The property is located at 459 Hester St San Leandro, CA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 26,400± SF of industrial/manufacturing space on 1.2± acres; Divisible to 15,000± SF; 1,500± SF of office space
