Six-Parcel Retail and Office
For Sale
$8,500,000
60199 14th Street, San Leandro, CA 94577
Six contiguous parcels with a mix of retail and office space, including suites currently vacant or month-to-month.
Property Size26,129 SF
Lot Size0.90 Acres
Price / SF$325.31
Days on Market34
Property Features for 60199 14th Street
General Information
Standard status
Active
Size
26,129 SF
Lot size
0.90 Acres
Property subtype
Industrial
Amenities
3
50 Parking Spaces. Shared Driveway.
Central Business District, In City.
Building Details
Year Built
1940
Listing Agency:
(925) 819-2109
Listed By:
Notable Real Estate
(925) 819-2109
Source:
Xome
Added: Jul 9
Changed: Aug 8
Last Checked: Aug 11 at 4:48AM
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 Notable Real Estate
Investment Insights
Based on property information with market context.
601-699 East 14th Street in San Leandro offers a six-parcel commercial portfolio featuring a combination of retail and office space. The offering comprises six contiguous parcels and totals approximately 26,129 square feet of rental building area.
The portfolio includes in-place income from long-standing retail and office tenants. Several suites are currently vacant or on month-to-month terms, providing flexibility for a buyer looking to reposition and re-lease while maintaining ongoing cash flow from the remaining leased space.
Because the parcels are contiguous, the property can be approached as a single acquisition for consolidation, repositioning, or redevelopment planning, subject to applicable local requirements.
The portfolio includes in-place income from long-standing retail and office tenants. Several suites are currently vacant or on month-to-month terms, providing flexibility for a buyer looking to reposition and re-lease while maintaining ongoing cash flow from the remaining leased space.
Because the parcels are contiguous, the property can be approached as a single acquisition for consolidation, repositioning, or redevelopment planning, subject to applicable local requirements.
Key Highlights
- 601‑699 E 14th Street, San Leandro: six contiguous commercial parcels in the Central Business District (in city).
- Mix of retail and office space with suites currently vacant or on month‑to‑month terms.
- Approximately 26,150 SF of rental building area across a combined footprint of roughly 0.90 acres.
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
$528,045
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
6.21%
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%
$10,560,900
$10.6M
Cap Rate 7%
$7,543,500
$7.5M
Cap Rate 9%
$5,867,167
$5.9M
Market Conditions
NOI Build-Up for 26,129 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
$943.8K $36.12/SF
− Vacancy
−$239.7K −$9.17/SF
EGI
$704.1K $26.95/SF
− OpEx
−$176.0K −$6.74/SF
NOI
$528.0K $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%
$10,560,900
Cap Rate 7%
$7,543,500
Cap Rate 9%
$5,867,167
Alternative Uses
Best Use
Retail
$119.12M
$104.23M – $138.97M
NOI $8,338,456 @ 7.0% cap · market cap 98.10%
Second Best
Office B
$7.54M
$6.60M – $8.80M
NOI $528,045 @ 7.0% cap · market cap 6.21%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
748
Businesses Nearby
Explore this area
Business Placement
Demographics for 94577, CA
48,868
Population
17,681
Households
2.8
Avg Household Size
41
Median Age
39%
College-Educated
86%
High-School Grad
8.1 sq mi
ZIP Area
6,033
Density / Sq Mi
$110,989
Median Household Income
$56,382
Median Earnings
$2,199
Median Rent
$824,900
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?
Retail space - Six contiguous parcels with a mix of retail and office space, including suites currently vacant or month-to-month.
Where is this retail space located?
The property is located at 60199 14th Street San Leandro, CA.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: 601‑699 E 14th Street, San Leandro: six contiguous commercial parcels in the Central Business District (in city).; Mix of retail and office space with suites currently vacant or on month‑to‑month terms.; Approximately 26,150 SF of rental building area across a combined footprint of roughly 0.90 acres.
