Multi-Use Corner Office
For Sale
$2,200,000
745 Buena Vista Avenue, Alameda, CA 94501
Contemporary office building on a highly visible corner lot with multiple private offices, reception, and an upstairs suite with its own bathroom.
Property Size4,393 SF
Days on Market50
Property Features for 745 Buena Vista Avenue
General Information
Standard status
Active
Size
4,393 SF
Property subtype
Comm Ind For Sale
Building Details
Building Size
4,393 SF
Year Built
1980
Listing Agency:
Coast + Co Real Estate
(510) 521-0211
Listed By:
Ryan Dunn · License #01383592
(510) 521-0211
Source:
Realestatenovo
Added: Jul 8
Changed: Aug 24
Last Checked: Aug 25 at 11:06AM
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 Coast + Co Real Estate
Investment Insights
Based on property information with market context.
This contemporary multi-use office building sits on a highly visible corner lot and is designed for flexible business use. The interior includes numerous private offices, a spacious conference room with vaulted wood ceilings, a welcoming reception area, bright workspaces, break areas, and abundant storage. Two bathrooms are provided, and an upstairs office suite includes its own full bathroom.
The layout also features a separate side entrance, which creates an opportunity for multiple configurations, including potential use as two independent units. A large side patio adds outdoor space, and the landscaped grounds provide a polished first impression.
Conveniently located near major access points including Webster Street, Alameda Landing, Marina Village, public transportation, and the Posey and Webster Tubes, with proximity to major freeways.
The layout also features a separate side entrance, which creates an opportunity for multiple configurations, including potential use as two independent units. A large side patio adds outdoor space, and the landscaped grounds provide a polished first impression.
Conveniently located near major access points including Webster Street, Alameda Landing, Marina Village, public transportation, and the Posey and Webster Tubes, with proximity to major freeways.
Key Highlights
- 1980‑built contemporary multi‑use commercial office building on a highly visible corner lot
- Floor plan includes numerous private offices plus a reception area, break areas, bright workspaces, and abundant storage
- Spacious conference room with soaring vaulted wood ceilings
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
$88,779
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
4.04%
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%
$1,775,580
$1.8M
Cap Rate 7%
$1,268,271
$1.3M
Cap Rate 9%
$986,433
$986.4K
Market Conditions
NOI Build-Up for 4,393 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
$158.7K $36.12/SF
− Vacancy
−$40.3K −$9.17/SF
EGI
$118.4K $26.95/SF
− OpEx
−$29.6K −$6.74/SF
NOI
$88.8K $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%
$1,775,580
Cap Rate 7%
$1,268,271
Cap Rate 9%
$986,433
Alternative Uses
Best Use
Office B
$1.27M
$1.11M – $1.48M
NOI $88,779 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$20.03M
$17.52M – $23.37M
NOI $1,401,923 @ 7.0% cap · market cap 63.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,539
Businesses Nearby
Explore this area
Business Placement
Demographics for 94501, CA
64,116
Population
27,117
Households
2.4
Avg Household Size
41
Median Age
58%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
8,015
Density / Sq Mi
$119,500
Median Household Income
$75,514
Median Earnings
$2,362
Median Rent
$1,213,100
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 - Contemporary office building on a highly visible corner lot with multiple private offices, reception, and an upstairs suite with its own bathroom.
Where is this office building located?
The property is located at 745 Buena Vista Avenue Alameda, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 1980‑built contemporary multi‑use commercial office building on a highly visible corner lot; Floor plan includes numerous private offices plus a reception area, break areas, bright workspaces, and abundant storage; Spacious conference room with soaring vaulted wood ceilings
