Industrial Building with Four
New
For Sale
$1,750,000
5428 San Pablo Ave, Emeryville, CA 94608
Corner-positioned facility near transit, employment centers, retail amenities, BART, and regional freeways.
Property Size8,424 SF
Lot Size0.19 Acres
Price / SF$207.74
Days on Market5
Property Features for 5428 San Pablo Ave
General Information
Standard status
Active
Size
8,424 SF
Lot size
0.19 Acres
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$21,700
Building Details
Year Built
1945
Buildings
1
Listing Agency:
Marcus & Millichap
(650) 391-1700
Listed By:
Andres Lopez · License #01936458
(408) 421-4703
Source:
Exprealty
Added: Sep 15
Changed: Sep 17
Last Checked: Sep 18 at 11:19AM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
Built in 1945, this industrial property contains approximately 8, 424 square feet of building area on an approximately 8, 436-square-foot parcel. Four separate suites create a flexible configuration for multiple occupants or an owner-user arrangement.
The property occupies the intersection of 54th Street and San Pablo Avenue, providing access across the East Bay. Public transportation, BART, major regional freeways, employment centers, residential neighborhoods, and retail amenities are all identified in the surrounding area. Pixar Animation Studios is approximately 0.5 miles away, with Berkeley and Emeryville also nearby.
The property occupies the intersection of 54th Street and San Pablo Avenue, providing access across the East Bay. Public transportation, BART, major regional freeways, employment centers, residential neighborhoods, and retail amenities are all identified in the surrounding area. Pixar Animation Studios is approximately 0.5 miles away, with Berkeley and Emeryville also nearby.
Key Highlights
- Approximately 8, 424 square feet of building area
- Approximately 8, 436‑square‑foot parcel
- Four‑suite industrial configuration
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
$118,273
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
6.76%
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%
$2,365,460
$2.4M
Cap Rate 7%
$1,689,614
$1.7M
Cap Rate 9%
$1,314,144
$1.3M
Market Conditions
NOI Build-Up for 8,424 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
$202.2K $24.00/SF
− Vacancy
−$20.2K −$2.40/SF
EGI
$182.0K $21.60/SF
− OpEx
−$63.7K −$7.56/SF
NOI
$118.3K $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%
$2,365,460
Cap Rate 7%
$1,689,614
Cap Rate 9%
$1,314,144
Alternative Uses
Best Use
Flex RnD
$1.69M
$1.48M – $1.97M
NOI $118,273 @ 7.0% cap · market cap 6.76%
Second Best
Industrial
$1.44M
$1.26M – $1.68M
NOI $100,835 @ 7.0% cap · market cap 5.76%
Theoretical Best
Retail
$38.40M
$33.60M – $44.81M
NOI $2,688,322 @ 7.0% cap · market cap 153.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,656
Businesses Nearby
Explore this area
Business Placement
Demographics for 94608, CA
33,073
Population
17,956
Households
1.8
Avg Household Size
36
Median Age
64%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
11,812
Density / Sq Mi
$116,306
Median Household Income
$73,845
Median Earnings
$2,561
Median Rent
$826,900
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?
Industrial property - Corner-positioned facility near transit, employment centers, retail amenities, BART, and regional freeways.
Where is this industrial property located?
The property is located at 5428 San Pablo Ave Emeryville, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Approximately 8, 424 square feet of building area; Approximately 8, 436‑square‑foot parcel; Four‑suite industrial configuration
