Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    1645-1655 Alvarado St San Leandro, CA 94577

    • Warehouses
    • 17,200 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1645-1655 Alvarado St

    Year built
    1988
    Property size
    17,200 SF
    Property type
    Warehouses
    Property subtype
    Office Properties & Spaces

    Description

    This exceptional San Leandro, CA property, located at 1645-1655 Alvarado Street (cross street: Thornton St), offers a blend of executive office and warehouse space within the San Leandro Business Park. The single-story building, constructed in 1988, boasts a total of 17,200 square feet, situated on a 1.23-acre lot. Currently, 8,618 square feet of space is available for lease, divisible into units ranging from a minimum of 3,466 square feet to a maximum contiguous space of 5,152 square feet. The warehouse component features impressive 16-foot ceilings, providing ample storage and operational flexibility. The property's location in Alameda County, zip code 94577, offers convenient access to major transportation routes. This multi-tenant building presents a unique opportunity for businesses seeking a combination of modern office space and efficient warehouse functionality. The property is ideal for companies requiring flexible space configurations to accommodate their specific needs. Interested parties are encouraged to inquire about lease terms and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    San Leandro
    County
    Alameda
    State
    California
    Longitude
    -122.161
    Latitude
    37.7191

    Comparable in this City

    • Value Estimation by Request
      76,000 SF

      2400-2496 Teagarden St

      Distribution properties • 76,000 SF
      2400-2496 Teagarden St, San Leandro, CA 94577
      View Details
    • Value Estimation by Request
      78,520 SF

      2381-2707 Merced St

      Distribution properties • 78,520 SF
      2381-2707 Merced St, San Leandro, CA 94577
      View Details
    • Value Estimation by Request
      57,200 SF

      2821 Merced St

      Distribution properties • 57,200 SF
      2821 Merced St, San Leandro, CA 94577
      View Details
    • Value Estimation by Request
      274,555 SF

      16520 Worthley Dr

      Distribution properties • 274,555 SF
      16520 Worthley Dr, San Leandro, CA 94577
      View Details
    • Value Estimation by Request

      2112 Edison Ave

      Distribution properties
      2112 Edison Ave, San Leandro, CA 94577
      View Details
    • Value Estimation by Request
      1.00 Acres

      2620 Eden Rd

      STORAGE YARD (JUNK, SALVAGE) • 1.00 Acres
      2620 Eden Rd, San Leandro, CA 94577-2220
      View Details

    Similar Nearby for Sale

    • $8,000,000
      19,054 SF

      Multi-Tenant Warehouse in San Leandro

      19,052 SF multi-tenant warehouse with industrial and distribution potential.
      14444-14452 Griffith St, San Leandro, CA 94577
      View Details
    • $2,857,000
      11,524 SF

      San Leandro Industrial Property For Sale

      11,524 SF industrial property with renovated office and fenced yard.
      496 Hester St, San Leandro, CA 94577
      View Details
    • Contact for pricing
      25,600 SF

      San Leandro Flex Warehouse Building

      Light industrial flex warehouse building for sale in San Leandro.
      14333 Wicks Blvd, San Leandro, CA 94577
      View Details
    • $5,372,000
      24,990 SF

      San Leandro Industrial Building For Sale

      24,990 SF industrial building with office space in San Leandro.
      492 Hester St, San Leandro, CA 94577
      View Details
    • $7,995,000
      21,870 SF

      San Leandro Freestanding Warehouse

      Freestanding warehouse with fenced parking, yard, and convenient freeway access.
      2015 Avenue 140Th W, San Leandro, CA 94577
      View Details
    • $1,200,000
      1,933 SF

      Live-Work Property in San Leandro

      Mixed-use property with residential and office space for sale.
      Alvarado St, San Leandro, CA 94577
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      16,000 SF

      San Leandro Warehouse Space Available

      16,000 SF Warehouse, 2,400 SF Divisible
      2109 Adams Ave, San Leandro, CA 94577
      View Details
    • Contact for pricing
      274,555 SF

      San Leandro Warehouse: 274,555 SF

      Rare 6-acre industrial site, fully vacant.
      16520 Worthley Dr, San Leandro, CA 94577
      View Details
    • Contact for pricing

      San Leandro Warehouse Space Available

      Warehouse space available for lease in San Leandro, California.
      795 Aladdin Ave, San Leandro, CA 94577
      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
      72,158 SF

      San Leandro Warehouse Space Available

      Warehouse space in San Leandro with highway and public transit access.
      1515-1525 Alvarado St, San Leandro, CA 94577
      View Details
    • Contact for pricing
      13,172 SF

      San Leandro Warehouse Space Available

      Industrial warehouse space available for sublease in San Leandro.
      2960-2976 Alvarado St, San Leandro, CA 94577
      View Details
    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.
    1645-1655 Alvarado St
    San Leandro, CA 94577
    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

    Google sign-in failed. Please try again or use another login method.