Two-Story Office
For Sale
Contact for pricing
6551-6589 Las Positas Rd, Livermore, CA 94551
Two-story office building with reception, private offices, conference room, and upstairs open office.
Property Size6,500 SF
Price / SF$300
Days on Market365
Property Features for 6551-6589 Las Positas Rd
General Information
Standard status
Active
Size
6,500 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
24 ft
Drive-In Doors
1
Sprinkler System
Yes
Building Details
Stories
2
Listing Agency:
Colliers | Pleasanton
(925) 463-2300
Listed By:
Michael Donnelly, SIOR
(510) 579-1266
Source:
Moodyscre
Added: Sep 18, 2025
Changed: Sep 2
Last Checked: Sep 16 at 7:58PM
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 two-story office building includes a reception area, two private offices, a conference room, and a large open office upstairs. The property features clear height ranging from 22’ to 24’, is fully sprinklered, and has a single 12’ x 12’ grade level door.
The building is available for sale and is part of a homeowners association with quarterly HOA dues of $3,380.75. Addressed at 6551–6589 Las Positas Rd in Livermore, CA 94551, the configuration supports a mix of enclosed and open office workspaces.
The space is served by grade-level access through the 12’ x 12’ door, with the interior layout distributed across two levels for front-office and collaborative/open work needs.
The building is available for sale and is part of a homeowners association with quarterly HOA dues of $3,380.75. Addressed at 6551–6589 Las Positas Rd in Livermore, CA 94551, the configuration supports a mix of enclosed and open office workspaces.
The space is served by grade-level access through the 12’ x 12’ door, with the interior layout distributed across two levels for front-office and collaborative/open work needs.
Key Highlights
- Two‑story office building with reception, two private offices, a conference room, and upstairs open office area
- Clear height of 22' to 24'
- Fully sprinklered for fire protection
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
$131,359
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
6.74%
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%
$2,627,180
$2.6M
Cap Rate 7%
$1,876,557
$1.9M
Cap Rate 9%
$1,459,544
$1.5M
Market Conditions
NOI Build-Up for 6,500 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
$234.8K $36.12/SF
− Vacancy
−$59.6K −$9.17/SF
EGI
$175.1K $26.95/SF
− OpEx
−$43.8K −$6.74/SF
NOI
$131.4K $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%
$2,627,180
Cap Rate 7%
$1,876,557
Cap Rate 9%
$1,459,544
Alternative Uses
Best Use
Office B
$1.88M
$1.64M – $2.19M
NOI $131,359 @ 7.0% cap · market cap 6.74%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$29.63M
$25.93M – $34.57M
NOI $2,074,322 @ 7.0% cap · market cap 106.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
24 ft
Clear height
1
Drive-in doors
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
668
Businesses Nearby
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?
Office building - Two-story office building with reception, private offices, conference room, and upstairs open office.
Where is this office building located?
The property is located at 6551-6589 Las Positas Rd Livermore, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Two‑story office building with reception, two private offices, a conference room, and upstairs open office area; Clear height of 22' to 24'; Fully sprinklered for fire protection
