Office Unit with Conference
New
For Sale
$1,650,000
889 Corporate Way, Fremont, CA 94539
Commercial Sale, Fremont, CA
Property Size1,974 SF
Lot Size0.05 Acres
Price / SF$835.87
Days on Market3
Property Features for 889 Corporate Way
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Comm
Parking features
On Street
Subdivision
Warm Springs
Lot features
Business District, B A R T Nearby, Freeway Nearby, Public Transport Nearby, Shopping Center Nearby
Directions
Warm Springs\Corporate Way..
Standard status
Active
APN
51917309
Size
1,974 SF
Lot size
0.05 Acres
Amenities
reception area including conference room
air conditioning/heating in offices
inside restrooms
kitchen counter
Building Details
Year built
2005
Listing Agency:
New Century Executive, Inc.
(510) 979-1000
Listed By:
Kiran Kumar Mohan
(510) 210-3654
Added: Sep 27
Last Checked: Sep 29 at 1:06AM
MLS# 41149587
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,974-square-foot end-unit office property was built in 2005 and is zoned Comm. Its layout includes seven offices, a reception area, and a conference room. The offices have heating and air conditioning; the space also includes interior restrooms and a kitchen counter. Window exposure brings natural light into the unit.
The property is in Fremont, between I-680 and I-880. Warm Springs BART is within walking distance, with shopping and restaurants nearby. Parking is identified as on-street.
The property is in Fremont, between I-680 and I-880. Warm Springs BART is within walking distance, with shopping and restaurants nearby. Parking is identified as on-street.
Key Highlights
- 1,974 square feet; built in 2005
- Seven individual offices, reception area, and conference room
- Heating and air conditioning in the offices
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
$72,214
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
4.38%
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%
$1,444,280
$1.4M
Cap Rate 7%
$1,031,629
$1.0M
Cap Rate 9%
$802,378
$802.4K
Market Conditions
NOI Build-Up for 1,974 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
$111.6K $56.52/SF
− Vacancy
−$15.3K −$7.74/SF
EGI
$96.3K $48.78/SF
− OpEx
−$24.1K −$12.19/SF
NOI
$72.2K $36.58/SF
Area
Fremont, CA
Vacancy
13.70%
Lease Rate
$56.52 /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%
$1,444,280
Cap Rate 7%
$1,031,629
Cap Rate 9%
$802,378
Alternative Uses
Best Use
Office B
$1.03M
$902.7K – $1.20M
NOI $72,214 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,532 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
893
Businesses Nearby
Explore this area
Business Placement
Demographics for 94539, CA
54,026
Population
17,669
Households
3.1
Avg Household Size
42
Median Age
79%
College-Educated
96%
High-School Grad
25.1 sq mi
ZIP Area
2,152
Density / Sq Mi
$235,399
Median Household Income
$123,587
Median Earnings
$3,183
Median Rent
$1,878,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Seven private offices are arranged around a reception area, with a separate room for meetings or training.
Where is this office units located?
The property is located at 889 Corporate Way Fremont, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 1,974 square feet; built in 2005; Seven individual offices, reception area, and conference room; Heating and air conditioning in the offices
