Fremont R&D Lab
For Sale
Contact for pricing
Pending
42501 Albrae St, Fremont, CA 94538
30,024 SF R&D lab space divisible to 15,012 SF.
Property Size30,024 SF
Days on Market715
Property Features for 42501 Albrae St
General Information
Standard status
Pending
Size
30,024 SF
Class
B
Property subtype
Office, Industrial, Mixed Use, Self Storage
Occupancy
60%
Lease Type
NNN
Building Details
Tenancy
Single
Listing Agency:
Newmark - San Jose
(408) 982-8428
Listed By:
Gabe Regalado · License #02008286
Source:
Crexi
Added: Sep 6, 2024
Changed: Aug 12
Last Checked: Aug 19 at 10:48PM
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 Newmark - San Jose
Investment Insights
Based on property information with market context.
This property offers 30,024 square feet of R&D lab space, which can be divided into two 15,012-square-foot units. It is suitable for commercial real estate purposes, including flex space, industrial activities, office use, warehousing, and self-storage.
Key Highlights
- R&D Lab Space Available
- 30,024 SF of flexible space
- Divisible to 15,012 SF
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
$479,798
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
5.33%
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%
$9,595,960
$9.6M
Cap Rate 7%
$6,854,257
$6.9M
Cap Rate 9%
$5,331,089
$5.3M
Market Conditions
NOI Build-Up for 30,024 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
$717.0K $23.88/SF
− Vacancy
−$31.5K −$1.05/SF
EGI
$685.4K $22.83/SF
− OpEx
−$205.6K −$6.85/SF
NOI
$479.8K $15.98/SF
Area
Fremont, CA
Vacancy
4.40%
Lease Rate
$23.88 /SF/Yr
Expense Ratio
30.00%
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%
$9,595,960
Cap Rate 7%
$6,854,257
Cap Rate 9%
$5,331,089
Alternative Uses
Best Use
Office B
$15.69M
$13.73M – $18.31M
NOI $1,098,355 @ 7.0% cap · market cap 12.20%
Second Best
Industrial
$6.85M
$6.00M – $8.00M
NOI $479,798 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$18.58M
$16.26M – $21.68M
NOI $1,300,925 @ 7.0% cap · market cap 14.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,062
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94538, CA
66,424
Population
24,429
Households
2.7
Avg Household Size
36
Median Age
53%
College-Educated
90%
High-School Grad
16.5 sq mi
ZIP Area
4,026
Density / Sq Mi
$144,451
Median Household Income
$76,827
Median Earnings
$2,860
Median Rent
$1,104,800
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?
Flex space - 30,024 SF R&D lab space divisible to 15,012 SF.
Where is this flex space located?
The property is located at 42501 Albrae St Fremont, CA.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: R&D Lab Space Available; 30,024 SF of flexible space; Divisible to 15,012 SF
