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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Hesperian Blvd. & Fairmont Dr San Leandro, CA 94578

    • Retail properties
    • 95,255 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 0 Hesperian Blvd. & Fairmont Dr

    Property size
    95,255 SF
    Property type
    Retail properties

    Description

    Fashion Faire Place offers exceptional retail opportunities in San Leandro, California. This vibrant shopping center, totaling 95,255 square feet, enjoys a prime location adjacent to Bayfair Mall, ensuring high visibility and foot traffic. Currently, there are multiple spaces available, ranging from a minimum of 2,600 square feet to a maximum contiguous space of 4,876 square feet, totaling 11,376 square feet of vacant space. The property is classified as a multi-tenant retail building in Alameda County, with ample parking provided for customers and employees – a total of 279 spaces. The address is conveniently located at Hesperian Blvd. & Fairmont Dr., San Leandro, CA 94578. This presents a unique chance to establish or expand a business in a thriving commercial area with strong existing infrastructure and a well-established customer base. The property's strategic location near Bayfair Mall offers significant advantages for businesses seeking high exposure and accessibility. The available spaces are ideal for a variety of retail uses, providing flexibility for potential tenants. With its convenient location, ample parking, and proximity to a major shopping destination, Fashion Faire Place represents a compelling investment opportunity in the dynamic San Leandro market. Contact us today to learn more about the available spaces and leasing options.

    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
    -122.129
    Latitude
    37.7011

    Comparable in this City

    • Value Estimation by Request
      15,600 SF

      1200 Fairmont Dr

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      1,218 SF

      567 Floresta Blvd

      Retail properties • 1,218 SF
      567 Floresta Blvd, San Leandro, CA 94578
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    • Value Estimation by Request

      304 Bayfair Dr

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      304 Bayfair Dr, San Leandro, CA 94578
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    • Value Estimation by Request

      304 Bayfair Dr

      Individual retail properties
      304 Bayfair Dr, San Leandro, CA 94578
      View Details
    • Value Estimation by Request
      0.16 Acres

      14005 14th St

      PARKING LOT • 0.16 Acres
      14005 14th St, San Leandro, CA 94578-2713
      View Details
    • Value Estimation
      $535,000
      3,660 SF

      14320 Washington Ave

      AUTO REPAIR, GARAGE • 3,660 SF
      14320 Washington Ave, San Leandro, CA 94578-3419
      View Details

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    Similar Nearby for Lease

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    • Contact for pricing
      95,255 SF

      Fashion Faire Place Retail Space

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      0 Hesperian Blvd. & Fairmont Dr, San Leandro, CA 94578
      View Details
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      Retail Space at Major Intersection

      Retail or restaurant spaces in grocery anchored center.
      1200 Fairmont Dr, San Leandro, CA 94578
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    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
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