Flex Space with Loading
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For Sale
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5902 Las Positas Rd, Livermore, CA 94551
Versatile commercial space combines office areas, warehouse capacity, and two loading configurations.
Property Size6,928 SF
Price / SF$324.77
Days on Market7
Property Features for 5902 Las Positas Rd
General Information
Standard status
Active
Size
6,928 SF
Property subtype
FLEX_R_AND_D
Listing Agency:
Colliers | Pleasanton
(510) 681-3182
Listed By:
Michael Carrigg, SIOR
(510) 681-3182
Source:
Moodyscre
Added: Aug 25
Changed: Aug 30
Last Checked: Aug 30 at 10:05PM
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 | Pleasanton
Investment Insights
Based on property information with market context.
This flex property at 5902 Las Positas Rd in Livermore provides 6,928 SF across office and warehouse components. The configuration includes 2,250 SF of downstairs office space, a 1,528 SF office mezzanine, and a 3,150 SF warehouse area. Loading is supported by one dock-high door and one grade-level door, with 24' clear height in the warehouse. The property also includes 13 parking spaces, calculated at 2.3 spaces per 1,000 SF.
Key Highlights
- 6,928 SF total available
- 2,250 SF downstairs office plus 1,528 SF office mezzanine
- 3,150 SF warehouse area with 24' clear height
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
$140,009
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
6.22%
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%
$2,800,180
$2.8M
Cap Rate 7%
$2,000,129
$2.0M
Cap Rate 9%
$1,555,656
$1.6M
Market Conditions
NOI Build-Up for 6,928 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
$250.2K $36.12/SF
− Vacancy
−$63.6K −$9.17/SF
EGI
$186.7K $26.95/SF
− OpEx
−$46.7K −$6.74/SF
NOI
$140.0K $20.21/SF
Area
Alameda County, CA
Vacancy
25.40%
Lease Rate
$36.12 /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%
$2,800,180
Cap Rate 7%
$2,000,129
Cap Rate 9%
$1,555,656
Alternative Uses
Best Use
Office B
$2.00M
$1.75M – $2.33M
NOI $140,009 @ 7.0% cap · market cap 6.22%
Second Best
Warehouse
$1.51M
$1.32M – $1.76M
NOI $105,716 @ 7.0% cap · market cap 4.70%
Theoretical Best
Retail
$31.58M
$27.64M – $36.85M
NOI $2,210,908 @ 7.0% cap · market cap 98.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
Balanced
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial space combines office areas, warehouse capacity, and two loading configurations.
Where is this flex space located?
The property is located at 5902 Las Positas Rd Livermore, CA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 6,928 SF total available; 2,250 SF downstairs office plus 1,528 SF office mezzanine; 3,150 SF warehouse area with 24' clear height
