Listing Agency: AiCRE Commercial Real Estate Show Phone

Listed By: Jason Gribin Show Phone

Source: Moodyscre

Added: Nov 24, 2025 Changed: Oct 3 Last Checked: Oct 24 at 2:20PM

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Investment Insights

Based on property information with market context.

This industrial property offers 4,174 square feet of space and is located at 678 Alfred Nobel Drive in Hercules, California. The property is available for lease.

Key Highlights

• Industrial space available for lease.
• Located in Hercules, California.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$61,945

Cap Rate

4.77%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,238,900 $1.2M

Cap Rate 7%

$884,929 $884.9K

Cap Rate 9%

$688,278 $688.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,174 SF

Gross rent

$92.7K $22.20/SF

− Vacancy

−$4.2K −$1.00/SF

EGI

$88.5K $21.20/SF

− OpEx

−$26.5K −$6.36/SF

NOI

$61.9K $14.84/SF

Area

Contra Costa County, CA

Vacancy

4.50%

Lease Rate

$22.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,238,900

Cap Rate 7%

$884,929

Cap Rate 9%

$688,278

Alternative Uses

Best Use

Industrial

$884.9K

$774.3K – $1.03M (±1% cap)

NOI $61,945 @ 7.0% cap · market cap 4.77%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.58M

$1.38M – $1.84M (±1% cap)

NOI $110,444 @ 7.0% cap · market cap 8.50%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Industrial properties

Suggested Use

Top Pick Law Firm Restaurant Big Box & Wholesale Store Auto Repair Shop Real Estate Agency Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

604

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Industrial property - Industrial space available for lease in Hercules, California.

Where is this industrial property located?

The property is located at 678 Alfred Nobel Drive Hercules, CA.

What is the asking price?

The asking price for this property is $1,299,999.

What are key features of this property?

This property features: Industrial space available for lease.; Located in Hercules, California.