Two-Story Mixed-Use
For Sale
$1,060,000
635 E 14Th St, San Leandro, CA 94577
Two-story mixed-use property with ground-floor restaurant space and three second-floor office suites, two currently leased.
Property Size3,471 SF
Lot Size0.05 Acres
Price / SF$305.39
Days on Market93
Property Features for 635 E 14Th St
General Information
Standard status
Active
Size
3,471 SF
Total Parking Spaces
6
Lot size
0.05 Acres
Zoning
mixed use
Additional Details
Highway Access
Yes
Office Units
3
Amenities
Common
Building Details
Building Size
3,471 SF
Year Built
1946
Stories
2
Listing Agency:
Notable Real Estate
Listed By:
Raelene Sprague · License #00577360
(925) 819-2109
Source:
Evrealestate
Added: Jul 23
Changed: Oct 21
Last Checked: Oct 23 at 7:52AM
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
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Investment Insights
Based on property information with market context.
This two-story mixed-use building offers approximately 3,470 square feet on a 0.0545-acre lot. The ground floor features restaurant space, while the second floor is divided into three office suites. Two of the second-floor suites are currently leased, and one suite is vacant.
The property is located in Downtown San Leandro on the westerly side of E. 14th. It is about 1.25 miles west of Interstate 580 and about 1.25 miles from East of Interstate 880, placing it within reach of nearby city offices and both professional and retail services.
As currently configured, the building provides immediate rental income from the leased office suites alongside additional space available for occupancy on the second floor.
The property is located in Downtown San Leandro on the westerly side of E. 14th. It is about 1.25 miles west of Interstate 580 and about 1.25 miles from East of Interstate 880, placing it within reach of nearby city offices and both professional and retail services.
As currently configured, the building provides immediate rental income from the leased office suites alongside additional space available for occupancy on the second floor.
Key Highlights
- 3,470 SF two‑story mixed‑use building on 0.0545 acre in Downtown San Leandro
- Ground‑floor restaurant space plus 3 second‑floor office suites (2 leased, 1 vacant)
- Immediate rental income with lease upside based on the current lease status
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,146
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,402,920
$1.4M
Cap Rate 7%
$1,002,086
$1.0M
Cap Rate 9%
$779,400
$779.4K
Market Conditions
NOI Build-Up for 3,471 SF
Gross rent
$125.4K $36.12/SF
− Vacancy
−$31.8K −$9.17/SF
EGI
$93.5K $26.95/SF
− OpEx
−$23.4K −$6.74/SF
NOI
$70.1K $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 Rate 5%
$1,402,920
Cap Rate 7%
$1,002,086
Cap Rate 9%
$779,400
Alternative Uses
Best Use
Office B
$1.00M
$876.8K – $1.17M
NOI $70,146 @ 7.0% cap · market cap 6.62%
Second Best
Specialty Retail
$913.1K
$798.9K – $1.07M
NOI $63,915 @ 7.0% cap · market cap 6.03%
Theoretical Best
Retail
$15.82M
$13.85M – $18.46M
NOI $1,107,688 @ 7.0% cap · market cap 104.50%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
3
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,817
Businesses Nearby
Under-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two-story mixed-use property with ground-floor restaurant space and three second-floor office suites, two currently leased.
Where is this conventional restaurant located?
The property is located at 635 E 14Th St San Leandro, CA.
What is the asking price?
The asking price for this property is $1,060,000.
What are key features of this property?
This property features: 3,470 SF two‑story mixed‑use building on 0.0545 acre in Downtown San Leandro; Ground‑floor restaurant space plus 3 second‑floor office suites (2 leased, 1 vacant); Immediate rental income with lease upside based on the current lease status
