Property profile

2701 Merced St San Leandro, CA 94577

OFF-MARKET
Flex space
Property ID
US09-8278607
136,618 SF 6.34 ac lot Built 1955
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1955
Construction TILT-UP CONCRETE
Total area 136,618 SF
Lot 6.34 ac (276,170 SF)
APN 77B-853-30
UPID US09-8278607

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
  • Industrial Manufacturer Production Facility

Location

2701 Merced St San Leandro, CA 94577-5601
San Leandro metro Census 433400 SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$25.16M
Comparable Approach Comparable
$46.53M
Blend (final) Blend
$38.78M

Owner & transaction history

since 2022
Last sale
$42.9M
5 recorded transactions
2022
$42.9M
2000
Price N/A
1993
$3.0M
1993
Price N/A
1992
Price N/A

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $58.0M +105.7%
Medical building $54.0M +91.4%
Office building $45.4M +60.8%

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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