Flex Space with Grade-Level
4700 Horner St, Union City, CA 94587
For Sale
Contact for pricing
Flex space with 12 grade-level doors, fully sprinklered, plus fenced, secured concrete yard.
Property Size60,648 SF
Price / SF$164.87
Days on Market586
Property Features for 4700 Horner St
General Information
Standard status
Size
Property subtype
Warehouse & Industrial
Clear Height
Office Build-Out
Drive-In Doors
Power
Voltage
Three-Phase Power
Sprinkler System
Additional Details
Fenced Yard
Listing Agency:
Newmark | Oakland
(510) 923-6200
Listed By:
Paul Mueller · License #00896726
(510) 220-3341
Source:
Moodyscre
Added: Apr 3, 2025
Changed: Nov 2
Last Checked: Nov 8 at 5:13AM
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 Newmark | Oakland
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Investment Insights
Based on property information with market context.
Flex space at 4700 Horner St includes approximately 2,800 SF of office space with an additional bonus mezzanine. The warehouse portion provides 20–24’ clear height and is served by twelve (12) grade-level doors. The building is fully sprinklered and includes a fenced and secured concrete yard for controlled outdoor storage.
The property also carries an electrical service of 1,000 Amps at 277/480 (please verify). Buildings B and C are leased to Cal Pack Crating through 10/31/26.
Overall, the combination of grade-level access, clear height, and secured yard space supports flexible industrial and logistics use while maintaining dedicated office presence.
The property also carries an electrical service of 1,000 Amps at 277/480 (please verify). Buildings B and C are leased to Cal Pack Crating through 10/31/26.
Overall, the combination of grade-level access, clear height, and secured yard space supports flexible industrial and logistics use while maintaining dedicated office presence.
Key Highlights
- Leased buildings B and C to Cal Pack Crating through 10/31/26
- 2,800 SF office space plus additional bonus mezzanine
- 20‑24’ clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$725,957
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,519,140
$14.5M
Cap Rate 7%
$10,370,814
$10.4M
Cap Rate 9%
$8,066,189
$8.1M
Market Conditions
NOI Build-Up for 60,648 SF
Gross rent
$1.09M $18.00/SF
− Vacancy
−$54.6K −$0.90/SF
EGI
$1.04M $17.10/SF
− OpEx
−$311.1K −$5.13/SF
NOI
$726.0K $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%
$14,519,140
Cap Rate 7%
$10,370,814
Cap Rate 9%
$8,066,189
Alternative Uses
Best Use
Industrial
$10.37M
$9.07M – $12.10M
NOI $725,957 @ 7.0% cap · market cap 7.26%
Second Best
Warehouse
$9.74M
$8.52M – $11.36M
NOI $681,794 @ 7.0% cap · market cap 6.82%
Theoretical Best
Multifamily LT 5
$29.08M
$25.45M – $33.93M
NOI $2,035,659 @ 7.0% cap · market cap 20.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
24 ft
Clear height
12
Drive-in doors
Yes
Sprinkler system
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94587, CA
70,121
Population
21,923
Households
3.2
Avg Household Size
40
Median Age
45%
College-Educated
87%
High-School Grad
19.6 sq mi
ZIP Area
3,578
Density / Sq Mi
$137,194
Median Household Income
$66,405
Median Earnings
$2,713
Median Rent
$1,058,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Alameda County, CA
Properties on Market for Flex space in Alameda County
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Flex space with 12 grade-level doors, fully sprinklered, plus fenced, secured concrete yard.
Where is this flex space located?
The property is located at 4700 Horner St Union City, CA.
What is the asking price?
The asking price for this property is $9,998,800.
What are key features of this property?
This property features: Leased buildings B and C to Cal Pack Crating through 10/31/26; 2,800 SF office space plus additional bonus mezzanine; 20‑24’ clear height
