Freestanding Office-Retail
For Sale
Contact for pricing
45968 Warm Springs Blvd, Fremont, CA 94539
Highly maintained freestanding building configured for office, R&D, or general retail use.
Property Size4,902 SF
Price / SF$489.60
Days on Market130
Property Features for 45968 Warm Springs Blvd
General Information
Standard status
Active
Size
4,902 SF
Property subtype
OFFICE
Building Details
Construction
country farm style
Listing Agency:
Avison Young | Palo Alto
(408) 913-6910
Listed By:
Lloyd Bakan · License #01914446
(424) 265-9200
Source:
Moodyscre
Added: May 11
Changed: Sep 16
Last Checked: Sep 16 at 7:33PM
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 Avison Young | Palo Alto
Investment Insights
Based on property information with market context.
This freestanding office/retail building features an attractive country farm style architectural exterior and is described as highly maintained. The offering is positioned as a flexible-use property for office, R&D, or general retail operations.
The building is located directly next to a 5-acre multi-family planned development, supporting a built-in surrounding residential presence.
With its freestanding configuration and maintained condition, the property is well suited for tenants or owners looking for an owner-occupied or investment structure that can support office-oriented and light R&D or general retail use.
The building is located directly next to a 5-acre multi-family planned development, supporting a built-in surrounding residential presence.
With its freestanding configuration and maintained condition, the property is well suited for tenants or owners looking for an owner-occupied or investment structure that can support office-oriented and light R&D or general retail use.
Key Highlights
- High‑profile, freestanding office/retail building
- Configured for office, R&D, or general retail use
- Highly maintained building
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
$179,328
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
7.47%
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%
$3,586,560
$3.6M
Cap Rate 7%
$2,561,829
$2.6M
Cap Rate 9%
$1,992,533
$2.0M
Market Conditions
NOI Build-Up for 4,902 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
$277.1K $56.52/SF
− Vacancy
−$38.0K −$7.74/SF
EGI
$239.1K $48.78/SF
− OpEx
−$59.8K −$12.19/SF
NOI
$179.3K $36.58/SF
Area
Fremont, CA
Vacancy
13.70%
Lease Rate
$56.52 /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%
$3,586,560
Cap Rate 7%
$2,561,829
Cap Rate 9%
$1,992,533
Alternative Uses
Best Use
Office B
$2.56M
$2.24M – $2.99M
NOI $179,328 @ 7.0% cap · market cap 7.47%
Second Best
Retail
$832.6K
$728.5K – $971.4K
NOI $58,282 @ 7.0% cap · market cap 2.43%
Theoretical Best
Office A
$3.03M
$2.66M – $3.54M
NOI $212,401 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,056
Businesses Nearby
Explore this area
Business Placement
Demographics for 94539, CA
54,026
Population
17,669
Households
3.1
Avg Household Size
42
Median Age
79%
College-Educated
96%
High-School Grad
25.1 sq mi
ZIP Area
2,152
Density / Sq Mi
$235,399
Median Household Income
$123,587
Median Earnings
$3,183
Median Rent
$1,878,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Highly maintained freestanding building configured for office, R&D, or general retail use.
Where is this office building located?
The property is located at 45968 Warm Springs Blvd Fremont, CA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: High‑profile, freestanding office/retail building; Configured for office, R&D, or general retail use; Highly maintained building
