Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Waterfront Property in Mariner Square Title is generated by Realmo AI

    Alameda Alameda CA USA, Alameda, CA 94501

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Commercial property in Alameda's Mariner Square with waterfront access.

    Type:Special Purpose
    Added:
    Jul 17, 2024
    Days on Market:
    690
    Last Refresh:
    May 12 at 10:28 pm

    Property Features for Alameda Alameda CA USA

    General Information

    Standard status
    Active
    Property subtype
    Special Purpose

    We can help!

    Listing Contact
    Ravi Jagtiani

    Listing agent Ravi Jagtiani License #CA 02044082

    Listing office Intero Commercial

    Listing date Jul 17, 2024

    Source Crexi

    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 Intero Commercial

    HighLights

    • Waterfront property in the desirable Mariner Square area with marina access.
    • Proximity to scenic waterfront parks.
    • Convenient transportation links to Oakland and San Francisco.
    • Vibrant downtown Alameda with shops and restaurants nearby.
    • Unique mix of residential, commercial, and recreational spaces.
    • Tranquil atmosphere and picturesque views.

    Overview

    Located in the Mariner Square area, this commercial property benefits from its proximity to waterfront parks and the vibrant downtown of Alameda, which offers a variety of shops and restaurants. The area provides convenient transportation links to Oakland and San Francisco. The location is characterized by a unique mix of residential, commercial, and recreational spaces. The Mariner Square area is known for its tranquil atmosphere and picturesque views, making it an attractive spot for businesses and residents alike.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Map

    City
    Alameda
    County
    Alameda
    State
    California
    Longitude
    -122.276
    Latitude
    37.7748

    Nearby Similar for Sale

    • $1,799,000
      3,247 SF

      Turnkey 4-Unit Multifamily Property

      Four residential units with a shared rear garden and one assigned parking space per unit, offered in turnkey condition.
      1405 Central AVE, ALAMEDA, CA 94501
      View Details
    • $1,180,000
      2,700 SF

      Victorian Duplex in Alameda

      Charming 6-bedroom Victorian duplex on a large lot.
      1801 Buena Vista Ave, Alameda, CA 94501
      View Details
    • $995,000
      1,427 SF

      Remodeled Two-Unit Residential Income Property

      Vacant, fully remodeled duplex offers two 2-bedroom layouts with attached garages and wood-burning fireplaces.
      3241 Briggs Ave, Alameda, CA 94501
      View Details
    • $1,150,000
      1,553 SF

      Remodeled Alameda Duplex with Yards

      Two freshly updated 2BR/1BA units with attached garages, fireplaces, and private backyard space.
      3239 Briggs Ave, Alameda, CA 94501
      View Details
    • $1,550,000
      3,779 SF

      Medical Building Plus Residential Cottages

      Medical building with two residential cottages in Central Alameda.
      2242 Santa Clara Ave, Alameda, CA 94501
      View Details
    • $1,275,000
      2,238 SF

      Two Homes on One Lot

      Two homes on one lot in Alameda, CA.
      976 Park Street, Alameda, CA 94501
      View Details
    • $745,000
      2,289 SF

      Alameda Duplex with Upside Potential

      Centrally located duplex with good income and upside potential.
      1918 Lafayette St, Alameda, CA 94501
      View Details
    • $2,995,000
      6,932 SF

      Corner Fitness Center Building

      For sale corner fitness and entertainment property with a dedicated commercial footprint at a highly visible intersection.
      1526 Webster St, Alameda, CA 94501
      View Details
    • $3,100,000
      7,592 SF

      Alameda Multifamily Investment Opportunity

      Well-maintained 10-unit multifamily property in Alameda, 100% occupied.
      500 Buena Vista Ave, Alameda, CA 94501
      View Details
    • $2,350,000
      7,715 SF

      Victorian Apartments in Alameda Portfolio

      Two adjacent multifamily properties with value-add potential in Alameda.
      925-931 Chestnut Street, Alameda, CA 94501
      View Details
    • $2,800,000
      4,490 SF

      Alameda Retail Space For Sale

      Retail space available in Alameda, California.
      1820 Park St, Alameda, CA 94501
      View Details
    • $1,395,000
      2,923 SF

      Alameda USPS Postal Service Office

      Busy downtown location with lease through 2028.
      1415 Webster, Alameda, CA 94501
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial property in Alameda's Mariner Square with waterfront access.
    Where is this specialty property located?
    The property is located at Alameda Alameda CA USA Alameda, CA.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Waterfront property in the desirable Mariner Square area with marina access.; Proximity to scenic waterfront parks.; Convenient transportation links to Oakland and San Francisco.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ravi Jagtiani
    Real Estate License ID: CA 02044082
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Alameda, Alameda CA USA, Alameda, CA 94501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!