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Property profile & analytics
OFF-MARKET
Parking lots & garages

1400 Chestnut St Alameda, CA 94501

0.2 ac lot
Individually Owned 57-yr Hold Free & Clear
Property ID
US09-9319305
Property summary
AI-generated overview

This exceptional investment opportunity presents a well-maintained, 12,010 square foot special purpose building in Alameda, California, zoned for religious use and previously licensed as a childcare center. Located at 1400 Chestnut Street, Alameda, CA 94501, this property sits on a 0.28-acre lot and offers ample parking with 30 spaces. The building currently has 1,200 square feet of vacant space, representing a significant opportunity for expansion or lease to a new tenant. The existing structure is suitable for continued use as a childcare facility, given its prior licensing and suitable layout. The property's Alameda County location (APN 71-264-4) provides excellent access to a thriving community. The building's multiple tenancy configuration allows for flexibility in usage and potential income streams. This property is an ideal investment for those seeking a versatile commercial space with established infrastructure in a desirable location. The 1,000 square foot space currently available is ready for immediate occupancy. The property's zoning as "Religious" offers a range of potential uses beyond childcare, subject to necessary permits and approvals. This presents a unique opportunity to acquire a well-situated property with significant potential for growth and return on investment.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Lot 0.2 ac (8,505 SF)
APN 71-264-4
UPID US09-9319305
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Immanuel Evangelical Lutheran · 57 yrs held
Immanuel Evangelical Lutheran
since 1969
1 recorded transaction
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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