Sign Up Successful!
You now have access to more from Realmo!
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

    1670 Alvarado St San Leandro, CA 94577

    • Warehouses
    • 15,784 SF
    • 1.59 lot acres
    For Lease
    View listing
    $1.65 SF/Yr
    Value Estimations
    $525,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7118170
    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

    • Bolt Electric & Light Services Inc / Electrician / Government
    • Primerica / Life Insurance Agency / Insurance Agency
    • Energia Technologies Inc / Engineer
    • Tri-Vision Inc / Distribution Service
    • Qed Environmental / Environmental Consultant

    Property Details for 1670 Alvarado St

    Year built
    1988
    Construction
    TILT-UP CONCRETE
    Lot size
    1.59 lot acres
    Property size
    15,784 SF
    Property type
    Warehouses
    APN
    75-47-18
    APU
    754718

    Description

    This exceptional industrial property, the San Leandro Business Center, offers a rare opportunity to lease warehouse space in a highly desirable Alameda County location. The single-story building totals 275,975 square feet and is comprised of multiple tenancies, with spaces currently available ranging from a minimum of 1,337 square feet to a maximum contiguous space of 1,830 square feet. A total of 3,167 square feet is currently vacant and ready for immediate occupancy. Built in 1988, this well-maintained warehouse boasts convenient features including one drive-in door. The 1.59-acre lot provides ample space for loading and maneuvering. The property offers excellent accessibility, with immediate proximity to the San Leandro BART station, ensuring easy commutes for employees. Its strategic location also provides easy access to Interstate 880, placing businesses within close reach of the Port of Oakland and Oakland International Airport, facilitating efficient logistics and transportation. The building provides approximately 4 parking spaces per 1000 square feet. Businesses seeking expansion opportunities within a larger business park will find this location particularly attractive, given the potential for growth within the existing 275,975 square foot complex.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $525,000

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

    Location Insight

    • Map
    • Local Demand
    City
    San Leandro
    County
    Alameda
    State
    California
    Longitude
    -122.161
    Latitude
    37.7192
    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
    $50,219
    $1,991,167
    $2,055,498
    $4,046,665
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $345,000
      1.00 Acres

      2620 Eden Rd

      STORAGE YARD (JUNK, SALVAGE) • 1.00 Acres
      2620 Eden Rd, San Leandro, CA 94577-2220
      View Details
    • Value Estimation
      $820,000
      66,969 SF

      1960 Williams St

      WAREHOUSE, STORAGE • 66,969 SF
      1960 Williams St, San Leandro, CA 94577-2304
      View Details
    • Value Estimation
      $295,000
      12,578 SF

      2831 Miller St

      WAREHOUSE, STORAGE • 12,578 SF
      2831 Miller St, San Leandro, CA 94577-5620
      View Details
    • Value Estimation
      $375,000
      15,000 SF

      1033 Montague St

      WAREHOUSE, STORAGE • 15,000 SF
      1033 Montague St, San Leandro, CA 94577-4331
      View Details
    • Value Estimation
      $365,000
      8,976 SF

      1649 Neptune Dr

      WAREHOUSE, STORAGE • 8,976 SF
      1649 Neptune Dr, San Leandro, CA 94577-3162
      View Details
    • Value Estimation
      $705,000
      68,640 SF

      2700 Teagarden St

      WAREHOUSE, STORAGE • 68,640 SF
      2700 Teagarden St, San Leandro, CA 94577-5715
      View Details

    Similar Nearby for Sale

    • $5,500,000
      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
    • $12,500,000
      37,996 SF

      San Leandro Warehouse For Sale

      37,996 SF warehouse/industrial property in San Leandro, CA.
      2777 Marina Blvd, San Leandro, CA 94577
      View Details
    • $8,000,000
      19,054 SF

      Multi-Tenant Warehouse in San Leandro

      19,052 SF multi-tenant warehouse with industrial and distribution potential.
      14444-14452 Griffith St, San Leandro, CA 94577
      View Details
    • $7,995,000
      21,870 SF

      San Leandro Freestanding Warehouse

      Freestanding warehouse with fenced parking, yard, and convenient freeway access.
      2015 Avenue 140Th W, San Leandro, CA 94577
      View Details
    • $5,372,000
      24,990 SF

      San Leandro Industrial Building For Sale

      24,990 SF industrial building with office space in San Leandro.
      492 Hester St, San Leandro, CA 94577
      View Details
    • $2,857,000
      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

    Similar Nearby for Lease

    • $19 SF/Yr
      16,000 SF

      San Leandro Warehouse Space Available

      16,000 SF Warehouse, 2,400 SF Divisible
      2109 Adams Ave, San Leandro, CA 94577
      View Details
    • $1.40 SF/Yr
      4,000 SF

      San Leandro Warehouse with Office

      4,000 SF warehouse with 635 SF office space.
      2122 Adams Ave, San Leandro, CA 94577
      View Details
    • Contact for pricing
      14,000 SF

      San Leandro Warehouse with Office

      14,000 SF warehouse with 2,804 SF office space.
      2446-2476 Verna Ct, San Leandro, CA 94577
      View Details
    • $1.50 SF/Yr
      4,000 SF

      San Leandro Warehouse with Office

      4,000 SF warehouse with office space available for sublease.
      2082 Edison Ave, San Leandro, CA 94577
      View Details
    • $3,995,000
      14,637 SF

      San Leandro Industrial Building For Lease

      14,637 SF concrete tilt-up building on a 1-acre lot.
      1959 Republic Ave, San Leandro, CA 94577
      View Details
    • $12 SF/Yr

      San Leandro Warehouse Space Available

      Warehouse space available for lease in San Leandro, California.
      795 Aladdin Ave, 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.
    1670 Alvarado St
    San Leandro, CA 94577
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.