Property profile

1061 Serpentine Ln E E Ste Pleasanton, CA 94566

OFF-MARKET
Flex space
Property ID
US09-8516031
2,509 SF Built 1998
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 7,120 square foot flex space at 1061 Serpentine Lane, Unit A-I and H, in Pleasanton, California's Valley Business Park, presents a compelling owner-user opportunity. Priced at $2,812,400 ($395/SF), the property boasts attractive suite interiors and generates substantial income. Currently, Unit H (5,020 SF) is leased until December 31, 2025, and Unit A-I (2,100 SF) is leased until April 30, 2025. The property's strong financial performance is highlighted by an annual rental income of $210,708.00, offset by annual operating expenses of $75,936.90, resulting in a healthy annual net operating income of $134,771.10. This Alameda County location, with its convenient access and desirable business park setting, makes this a prime investment for owner-occupants seeking both immediate income and long-term value. The property is situated at 1061 Serpentine Ln, Pleasanton, CA 94566. This is a rare opportunity to acquire a well-leased, income-producing industrial flex space in a highly sought-after location.

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1998
Construction TILT-UP CONCRETE
Total area 2,509 SF
APN 946-4547-222
UPID US09-8516031

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Engineering Consultant Engineer
  • Hospital
  • Construction Company
  • General Contractor
  • Grocery & Convenience Store

Location

1061 Serpentine Ln E E Ste Pleasanton, CA 94566-4793
Pleasanton metro Census 450746 SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$835k
CAP Approach CAP
by Request
Comparable Approach Comparable
$923k
Blend (final) Blend
$940k

Owner & transaction history

since 2022
Last sale
$950,000
2 recorded transactions
2022
Price N/A
2022
$950,000

Zoning & alternative use

Top alternative use upside
Office building $1.3M +97.4%
Neighborhood: shopping center $1.1M +59.7%
Medical building $990,000 +48.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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