Light Industrial Space For
For Sale
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4749 Bennett Dr, Livermore, CA 94551
Well-maintained light industrial property with office and warehouse space.
Property Size4,240 SF
Price / SF$375
Days on Market111
Property Features for 4749 Bennett Dr
General Information
Standard status
Active
Size
4,240 SF
Property subtype
Industrial
Building Details
Year Built
1987
Stories
1
Listing Agency:
Colliers - San Francisco - Pleasanton, California
Listed By:
Michael Donnelly · License #CA 01402626
Source:
Crexi
Added: May 20
Changed: Sep 4
Last Checked: Sep 6 at 10:10PM
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 Colliers - San Francisco - Pleasanton, California
Investment Insights
Based on property information with market context.
This well-maintained light industrial property offers approximately 4,240 square feet of space, featuring a balanced mix of office and warehouse areas. The office component includes a reception area and private offices. The warehouse area is equipped with good lighting, ceiling insulation, and a roll-up truck door. The building features an upgraded Class A fire sprinkler system designed for high-pile combustible storage.
Key Highlights
- ±4,240 SF Light Industrial Space
- Upgraded Class A fire sprinkler system designed for high‑pile combustible storage
- Balanced mix of office and warehouse space
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
$59,530
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
3.74%
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%
$1,190,600
$1.2M
Cap Rate 7%
$850,429
$850.4K
Cap Rate 9%
$661,444
$661.4K
Market Conditions
NOI Build-Up for 4,240 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
$101.8K $24.00/SF
− Vacancy
−$10.2K −$2.40/SF
EGI
$91.6K $21.60/SF
− OpEx
−$32.1K −$7.56/SF
NOI
$59.5K $14.04/SF
Area
Alameda County, CA
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
35.00%
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%
$1,190,600
Cap Rate 7%
$850,429
Cap Rate 9%
$661,444
Alternative Uses
Best Use
Flex RnD
$850.4K
$744.1K – $992.2K
NOI $59,530 @ 7.0% cap · market cap 3.74%
Second Best
Industrial
$725.0K
$634.4K – $845.9K
NOI $50,753 @ 7.0% cap · market cap 3.19%
Theoretical Best
Retail
$19.33M
$16.91M – $22.55M
NOI $1,353,096 @ 7.0% cap · market cap 85.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
710
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94551, CA
40,358
Population
14,475
Households
2.8
Avg Household Size
38
Median Age
44%
College-Educated
92%
High-School Grad
82.7 sq mi
ZIP Area
488
Density / Sq Mi
$130,705
Median Household Income
$67,591
Median Earnings
$2,589
Median Rent
$931,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Well-maintained light industrial property with office and warehouse space.
Where is this flex space located?
The property is located at 4749 Bennett Dr Livermore, CA.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: ±4,240 SF Light Industrial Space; Upgraded Class A fire sprinkler system designed for high‑pile combustible storage; Balanced mix of office and warehouse space
