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    1600 Harbor Bay Pkwy Alameda, CA 94502
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    Property profile & analytics

    1600 Harbor Bay Pkwy Alameda, CA 94502

    View on Map
    • Office buildings
    • 64,188 SF
    • 3.00 lot acres
    For Lease
    $10,885,000
    View Listing →
    Alameda Life Science/R&D Suites For Lease
    $10,885,000
    9,466 SF

    Alameda Life Science/R&D Suites

    Class A life science/R&D suites available for rent.

    1600 Harbor Bay pkwy, Alameda, CA
    View Listing
    Property ID
    US09-9028857
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Operating Engineers Local 3 Public & Miscellaneous Employees Health and Welfare Trust Fund / Health Insurance Agency / Investment Company
    • CCL - Imprint Energy / Industrial Manufacturer / Production Facility
    • Cub Scout Pack 1076 / Charitable Organization / Social Service Agency
    • Pacific Horizon Insurance Services / Insurance Agency
    • E11 Bio / Charitable Organization / Social Service Agency

    Property Details for 1600 Harbor Bay Pkwy

    Year built
    2001
    Construction
    CONCRETE
    Lot size
    3.00 lot acres
    Property size
    64,188 SF
    Property type
    Office buildings
    APN
    74-1339-48
    APU
    74133948

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $17,485,000
      Current use
      COMMERCIAL (GENERAL)
      $17,870,000
      Change: +2% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Alameda
    County
    Alameda
    State
    California
    Longitude
    -122.241
    Latitude
    37.7247
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $230,828
    $4,824,855
    $11,970,550
    $16,795,405
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,185,000
      22,868 SF

      2810 Hbr Bay Pkwy

      OFFICE BUILDING • 22,868 SF
      2810 Hbr Bay Pkwy, Alameda, CA 94502-3040
      View Details
    • Value Estimation
      $7,235,000
      50,010 SF

      1141 Hbr Bay Pkwy

      OFFICE BUILDING • 50,010 SF
      1141 Hbr Bay Pkwy, Alameda, CA 94502-6596
      View Details
    • Value Estimation
      $4,710,000
      26,404 SF

      2701 Hbr Bay Pkwy

      OFFICE BUILDING • 26,404 SF
      2701 Hbr Bay Pkwy, Alameda, CA 94502-3041
      View Details
    • Value Estimation
      $11,770,000
      69,379 SF

      1201 Hbr Bay Pkwy

      OFFICE BUILDING • 69,379 SF
      1201 Hbr Bay Pkwy, Alameda, CA 94502-6597
      View Details
    • Value Estimation
      $4,110,000
      19,722 SF

      2800 Hbr Bay Pkwy

      OFFICE BUILDING • 19,722 SF
      2800 Hbr Bay Pkwy, Alameda, CA 94502-3040
      View Details
    • Value Estimation
      $11,630,000
      67,730 SF

      1650 Hbr Bay Pkwy

      OFFICE BUILDING • 67,730 SF
      1650 Hbr Bay Pkwy, Alameda, CA 94502-3012
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      100,355 SF

      Alameda Life Science Facility Sublease

      Premium life science space available for sublease in Alameda.
      1410-1751 Harbor Bay Pkwy, Alameda, CA 94502
      View Details
    • Contact for pricing

      Office Space Near Oakland Airport

      Office space for lease with flexible zoning and waterfront views.
      Harbor Bay Pkwy, Alameda, CA 94502
      View Details
    • Contact for pricing
      5,000 SF

      Lab and Office Space Available

      Dedicated and shared lab/office space with communal equipment.
      1650 Harbor Bay Pkwy, Alameda, CA 94502
      View Details
    • Contact for pricing
      4,491 SF

      Alameda Life Science/R&D Suites

      Class A life science/R&D suites available for rent.
      1600 Harbor Bay Pkwy, Alameda, CA 94502
      View Details
    • Contact for pricing
      31,683 SF

      Class A Life Science Space

      Class A R&D, Flex, STEM, Life Science space for rent.
      1600/ Harbor Bay Pkwy, Alameda, CA 94502
      View Details
    • Contact for pricing
      4,000 SF

      Commercial Space in Alameda

      Commercial property available for rent in Alameda, California.
      1501 Harbor Bay Pkwy, Alameda, CA 94502
      View Details
    View Listing
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    Alameda, CA 94502
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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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