San Lorenzo Flex
For Sale
$905,000
San Lorenzo, CA 94580, San Lorenzo, CA 94580
3,500 SF flex warehouse with roll-up door for sale.
Property Size3,500 SF
Price / SF$258.57
Days on Market207
Property Features
General Information
Standard status
Active
Size
3,500 SF
Class
C
Property subtype
Industrial
Building Details
Building Size
3,500 SF
Year Built
1931
Listing Agency:
TRI Commercial | Walnut Creek
(925) 296-3319
Listed By:
Dick Sullivan · License #CalDRE #00969620
Source:
Corfac
Added: Jan 26
Changed: Aug 19
Last Checked: Aug 21 at 5:21AM
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 TRI Commercial | Walnut Creek
Investment Insights
Based on property information with market context.
This is a 3,500 square foot flex warehouse available for sale. The warehouse includes a roll-up door, unfinished wood floors, multiple storage rooms, two bathrooms, and a break room. It also features large, open office areas and a small side yard. The property has 600 amps of power; the buyer is advised to confirm this. The property is zoned ACBD-R3.
Key Highlights
- ±3,500 SF Flex Warehouse
- Warehouse with roll up door for easy access.
- 600 amps power (buyer to confirm).
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
$70,732
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
7.82%
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%
$1,414,640
$1.4M
Cap Rate 7%
$1,010,457
$1.0M
Cap Rate 9%
$785,911
$785.9K
Market Conditions
NOI Build-Up for 3,500 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
$126.4K $36.12/SF
− Vacancy
−$32.1K −$9.17/SF
EGI
$94.3K $26.95/SF
− OpEx
−$23.6K −$6.74/SF
NOI
$70.7K $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%
$1,414,640
Cap Rate 7%
$1,010,457
Cap Rate 9%
$785,911
Alternative Uses
Best Use
Office B
$1.01M
$884.2K – $1.18M
NOI $70,732 @ 7.0% cap · market cap 7.82%
Second Best
Warehouse
$763.0K
$667.6K – $890.1K
NOI $53,407 @ 7.0% cap · market cap 5.90%
Theoretical Best
Retail
$15.96M
$13.96M – $18.62M
NOI $1,116,943 @ 7.0% cap · market cap 123.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
782
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94580, CA
29,590
Population
9,067
Households
3.3
Avg Household Size
39
Median Age
26%
College-Educated
83%
High-School Grad
3.3 sq mi
ZIP Area
8,967
Density / Sq Mi
$110,106
Median Household Income
$52,790
Median Earnings
$2,164
Median Rent
$820,100
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?
Flex space - 3,500 SF flex warehouse with roll-up door for sale.
Where is this flex space located?
The property is located at San Lorenzo, CA.
What is the asking price?
The asking price for this property is $905,000.
What are key features of this property?
This property features: ±3,500 SF Flex Warehouse; Warehouse with roll up door for easy access.; 600 amps power (buyer to confirm).
