Add Listing
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

    1661 Timothy Dr San Leandro, CA 94577-2311

    • Flex space
    • 43,662 SF
    • 2.46 lot acres
    OFF-MARKET
    Value Estimations
    $3,520,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6702942
    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.

    Current Use by Public Records

    • HRT VitalFlow / Medical Clinic
    • Columbia Cosmetics Manufacturing Inc / Production Facility

    Property Details for 1661 Timothy Dr

    Year built
    1956
    Construction
    TILT-UP CONCRETE
    Lot size
    2.46 lot acres
    Property size
    43,662 SF
    Property type
    Flex space
    APN
    77A-644-9-24
    APU
    77A644924

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,291,000
      Market price range: $4.29M - $14.9M

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

    Location Insight

    • Map
    • Local Demand
    City
    San Leandro
    County
    Alameda
    State
    California
    Longitude
    -122.175
    Latitude
    37.7147
    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
    2024
    $35,393
    $717,581
    $2,092,108
    $2,809,689
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.15 Acres

      10400 Bigge St

      LIGHT INDUSTRIAL • 0.15 Acres
      10400 Bigge St, San Leandro, CA 94577-1030
      View Details
    • Value Estimation by Request
      6.54 Acres

      1815 Williams St

      LIGHT INDUSTRIAL • 6.54 Acres
      1815 Williams St, San Leandro, CA 94577-2301
      View Details
    • Value Estimation
      $1,650,000
      9,900 SF

      1650 Abram Ct

      LIGHT INDUSTRIAL • 9,900 SF
      1650 Abram Ct, San Leandro, CA 94577-3227
      View Details
    • Value Estimation
      $4,490,000
      27,638 SF

      1601 Aurora Dr

      LIGHT INDUSTRIAL • 27,638 SF
      1601 Aurora Dr, San Leandro, CA 94577-3101
      View Details
    • Value Estimation
      $1,910,000
      22,589 SF

      1991 Republic Ave

      LIGHT INDUSTRIAL • 22,589 SF
      1991 Republic Ave, San Leandro, CA 94577-4220
      View Details
    • Value Estimation
      $2,085,000
      18,935 SF

      999 Beecher St

      LIGHT INDUSTRIAL • 18,935 SF
      999 Beecher St, San Leandro, CA 94577-1249
      View Details

    Similar Nearby for Sale

    • $3,995,000
      15,641 SF

      San Leandro Flex Space Condo

      15,641 SF condo unit with office and warehouse space.
      2485 Washington Ave, 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
    • $1,295,000
      4,010 SF

      Industrial Condo with Office Space

      4,020 sq ft industrial condo with office in San Leandro.
      2982 Teagarden St, San Leandro, CA 94577
      View Details
    • $2,708,140
      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
    • $5,350,000

      San Leandro Industrial Property Available

      Industrial property available now in San Leandro, California.
      600 Montague St, San Leandro, CA 94577
      View Details
    • $250,000

      Granite Processing Business For Sale

      Established granite processing company in San Leandro, CA for sale.
      577 Estabrook St, San Leandro, CA 94577
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,240 SF

      San Leandro Industrial Flex Space

      Multi-tenant light industrial space available for rent in San Leandro.
      2014-2020 Farallon Dr, San Leandro, CA 94577
      View Details
    • Contact for pricing

      San Leandro Flex Space Available

      Flex space with roll-up door in San Leandro.
      14719 Catalina St, San Leandro, CA 94577
      View Details
    • $1.05 SF/Yr
      11,600 SF

      San Leandro Industrial Space Available

      11,600 SF industrial space with freeway visibility for lease.
      1605-1619 Abram Ct, San Leandro, CA 94577
      View Details
    • Contact for pricing
      785 SF

      San Leandro Flex/Industrial Space

      Flex/industrial space with expansion potential and convenient transportation access.
      1670 Alvarado St, San Leandro, CA 94577
      View Details
    • $1.50 SF/Yr
      2,912 SF

      San Leandro Industrial Space Available

      Industrial space with office and drive-in door for lease.
      1760 Timothy Dr, San Leandro, CA 94577
      View Details
    • Contact for pricing
      2,610 SF

      San Leandro Flex/Industrial Space

      Flex/industrial space for rent, convenient access to Interstate 880.
      1555 Doolittle Dr, 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.
    1661 Timothy Dr
    San Leandro, CA 94577-2311
    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.
    Sign Up Successful!
    You now have access to more from Realmo!