Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    492 Hester St San Leandro, CA 94577

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,973,010

    Commercial buildings near Oakland Airport and San Francisco Bay Bridge.

    Type:Industrial
    Added:
    Mar 6, 2026
    Days on Market:
    27
    Last Refresh:
    Mar 26 at 9:32 pm

    Property Features for 492 Hester St

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Building Details

    Year Built
    1959

    We can help!

    Listing Contact
    Ryan Martens
    Ryan Martens

    Listing agent Ryan Martens License #CalDRE #01709157

    Listing office Lee & Associates | Oakland

    Listing date Mar 6, 2026

    Source Lee-associates

    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

    Overview

    San Leandro Commercial Property Opportunity

    This offering presents the opportunity to acquire one or both buildings situated on contiguous parcels. The location provides flexibility and is conveniently located near Oakland International Airport and the San Francisco Bay Bridge.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Leandro
    County
    Alameda
    State
    California
    Longitude
    -122.19
    Latitude
    37.7215

    Nearby Similar for Sale

    • $998,000
      2,264 SF

      San Leandro Duplex with Income

      Duplex in San Leandro with income potential and convenient location.
      1552 Orchard Ave, San Leandro, CA 94577
      View Details
    • $749,000
      2,688 SF

      San Leandro Triplex Investment Opportunity

      Well-maintained triplex near Downtown San Leandro with three units.
      532 Lafayette Ave, San Leandro, CA 94577
      View Details
    • $888,000
      1,760 SF

      Vacant Duplex in San Leandro

      Rare, vacant duplex in prime location with upgrade potential.
      15289 Upton Ave, San Leandro, CA 94578
      View Details
    • $840,000
      1,784 SF

      San Leandro Duplex Opportunity

      Well-located duplex in San Leandro, ideal for investors or owner-occupants.
      1316-1318 135th Ave, San Leandro, CA 94578
      View Details
    • $799,999
      1,468 SF

      San Leandro Duplex with Potential

      Vacant duplex in San Leandro with ADU potential.
      2062 Washington Ave, San Leandro, CA 94577
      View Details
    • $1,228,000
      2,473 SF

      San Leandro Multifamily Investment Opportunity

      Four-unit property with value-add potential near downtown San Leandro.
      209 Dabner St, San Leandro, CA 94577
      View Details
    • $1,295,000
      4,010 SF

      Industrial Condo with Office Space

      4,020 sq ft industrial condo with office in San Leandro.
      2982 Teagarden St, SAN LEANDRO, CA 94577
      View Details
    • $3,850,000
      2,584 SF

      Single Tenant Retail Investment Property

      Retail property with ample parking and high-traffic visibility.
      14226 E 14th St, San Leandro, CA
      View Details
    • $3,700,000
      12,585 SF

      San Leandro Strip Mall Investment

      Established strip mall in high-traffic San Leandro location for sale.
      14222 E 14th Street, San Leandro, CA 94578
      View Details
    • $1,250,000
      2,800 SF

      Mixed-Use Buildings Near Downtown

      Two mixed-use buildings located near downtown San Leandro.
      2242 Washington Ave, San Leandro, CA
      View Details
    • $7,957,000
      15,152 SF

      Leased Medical Building Near Hospital

      Fully leased medical building anchored by DaVita and Concentra.
      13939 E 14th St, San Leandro, CA
      View Details
    • $2,708,140
      11,524 SF

      San Leandro Industrial Property For Sale

      11,524 SF industrial property with renovated office and fenced yard.
      496 Hester St, San Leandro, CA
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial buildings near Oakland Airport and San Francisco Bay Bridge.
    Where is this specialty property located?
    The property is located at 492 Hester St San Leandro, CA.
    What is the asking price?
    The asking price for this property is $4,973,010.
    What are key features of this property?
    This property features: Located near Oakland International Airport; Located near the San Francisco Bay Bridge; Opportunity to acquire one or both buildings
    (510) 903-7605
    We can help!
    Listing Contact
    Ryan Martens
    Ryan Martens
    Real Estate License ID: CalDRE #01709157
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!