Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Washington Ave. & Lewelling Blvd San Leandro, CA 94579

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    High-traffic retail space, 7 suites available

    Lot size:
    142,618 SF

    Property Features for 0 Washington Ave. & Lewelling Blvd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    142,618 SF

    Spaces For Lease

    at 0 Washington Ave. & Lewelling Blvd, San Leandro, CA 94579 Contact us

    We can help!

    Listing Contact
    Brian Alt
    Brian Alt

    Listing Agency: Kimco Realty Corporation Listing Agent: Brian Alt

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Greenhouse Marketplace, located at Washington Ave. & Lewelling Blvd in San Leandro, CA 94579, offers a prime retail and restaurant opportunity in Alameda County. This 142,618 square foot center boasts a total of seven suites, with 31,440 square feet currently vacant. Spaces range from a minimum of 500 square feet to a maximum contiguous space of 23,700 square feet, providing flexibility for various business needs. The property features ample parking with 1,106 spaces available for customers and employees. Its strategic location provides convenient access to Interstate 880, one of Northern California's busiest freeways, ensuring high visibility and accessibility for businesses. The center benefits from a strong existing tenant base, including multiple anchors and a variety of smaller shops and restaurants located on outparcels, creating a thriving and loyal customer base. This established center offers a unique opportunity to join a successful retail environment in a high-density community. A virtual tour is available online.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    San Leandro
    County
    Alameda
    State
    California
    Longitude
    -122.13713
    Latitude
    37.68832

    Nearby Similar for Lease

    • Contact for pricing
      49,726 SF

      San Leandro Retail Opportunity

      Redevelopment opportunity for a grocer-anchored power center.
      15555 E 14Th St, San Leandro, CA 94578
      View Details
    • Contact for pricing
      4,506 SF

      San Leandro Medical/Professional Office Space

      Medical/Professional Services/Office/Retail space available in San Leandro, CA.
      595 Estudillo Ave, San Leandro, CA 94577
      View Details
    • $32 SF/Yr

      Bayfair Mall Retail Space

      San Leandro Fitness Center Space Available
      304 Bayfair Dr, San Leandro, CA 94578
      View Details
    • Contact for pricing
      173,000 SF

      San Leandro Warehouse Space Available

      Divisible warehouse space with ample parking and office space.
      3199 Alvarado St, San Leandro, CA 94577
      View Details
    • Contact for pricing
      95,255 SF

      Fashion Faire Place Retail Space

      San Leandro retail center, spaces available.
      0 Hesperian Blvd. & Fairmont Dr, San Leandro, CA 94578
      View Details
    • Contact for pricing
      35,458 SF

      San Leandro Warehouse Space Available

      35,458 SF warehouse with excellent freeway access.
      1936-1980 W 140Th Ave, San Leandro, CA 94578
      View Details
    • $1.51 SF/Yr
      6,972 SF

      Established Auto Body Shop Space

      Long-standing auto body shop with recent upgrades and high visibility.
      16593 E 14Th St, San Leandro, CA 94578
      View Details
    • $36 SF/Yr
      2,275 SF

      Prime San Leandro Retail Space

      2,275 SF Retail Space - Available Now
      1417 14Th St, San Leandro, CA 94577
      View Details
    • $28 SF/Yr
      1,218 SF

      San Leandro Retail Space for Lease

      1,218 SF Retail Space in Bay Area
      567 Floresta Blvd, San Leandro, CA 94578
      View Details
    • Contact for pricing
      3,400 SF

      San Leandro Retail Space Available

      Downtown San Leandro Retail - 3,400 SF
      100 Callan Ave, San Leandro, CA 94577
      View Details
    • Contact for pricing
      4,000 SF

      San Leandro Warehouse with Office

      4,000 SF warehouse with office space available for sublease.
      2082 Edison Ave, San Leandro, CA 94577
      View Details
    • Contact for pricing

      New Construction Office Space Available

      Mediterranean-style office building with open-air balconies and on-site parking.
      1100 San Leandro Blvd, San Leandro, CA 94577
      View Details

    FAQs

    What type of property is this?
    Restaurant - High-traffic retail space, 7 suites available
    Where is this restaurant located?
    The property is located at Washington Ave. & Lewelling Blvd San Leandro, CA.
    What are key features of this property?
    This property features: Prime retail/restaurant opportunity in San Leandro, CA, at Washington Ave. & Lewelling Blvd.; 142,618 SF center with seven suites, 31,440 SF currently available. Spaces range from 500 SF to 23,700 SF contiguous.; Ample parking: 1,106 spaces (7.8 per 1,000 SF).
    Request Owner's contact information
    Washington Ave. & Lewelling Blvd San Leandro, CA 94579
    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.
    Washington Ave. & Lewelling Blvd
    San Leandro, CA 94579
    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
    Washington Ave. & Lewelling Blvd San Leandro, CA 94579
    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

    We can help!
    Listing Contact
    Brian Alt
    Brian Alt
    Real Estate License ID: 01504949
    Learn more
    Google sign-in failed. Please try again or use another login method.