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    624 Alfred Nobel Dr Hercules, CA 94547
    Property profile & analytics

    624 Alfred Nobel Dr, Hercules, CA 94547

    View on Map
    • Distribution centers
    • 17,232 SF
    Off-Market
    Property ID
    US09-0133916
    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

    • Distribution centers

    Property Details for 624 Alfred Nobel Dr

    Property type
    Distribution centers

    Description

    This exceptional industrial property, located at 624 Alfred Nobel Dr, Hercules, CA 94547, presents a significant leasing opportunity. The Hercules Business Center offers a single-tenant warehouse space totaling 17,232 square feet, with 4,174 square feet currently available for lease. The building is classified as an industrial warehouse and is situated in Contra Costa County. The property features one convenient drive-in bay, streamlining loading and unloading operations. This location provides easy access to major transportation routes, making it an ideal choice for businesses requiring efficient logistics. The available space is perfect for a variety of industrial uses, offering ample room for storage, manufacturing, or distribution. The property's single-tenant occupancy ensures a focused and controlled environment. Interested parties are encouraged to inquire about lease terms and conditions. This is a prime opportunity to secure a well-located, functional warehouse space in a thriving industrial area of Hercules, California. The address is easily accessible and benefits from its proximity to local amenities and transportation networks. The building's size and layout offer flexibility for various business needs. Don't miss this chance to establish your business in this desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hercules
    County
    Contra Costa
    State
    California
    Longitude
    -122.273355
    Latitude
    38.01873

    Comparable in this City

    • $6,000 /Mo
      2,840 SF

      Hercules Commercial Space For Rent

      Commercial space available for rent in Hercules, California.
      740 Alfred Nobel Dr, Hercules, CA 94547
      View Details
    • Contact for pricing

      Retail Space in Established Neighborhood

      Retail space available in established residential neighborhood, parking available.
      1375 Sycamore Ave, Hercules, CA 94547
      View Details
    • Contact for pricing

      Retail Space in Hercules Center

      Retail space available in established Hercules shopping center.
      844 Willow Ave, Hercules, CA 94547
      View Details
    • Contact for pricing
      540 SF

      Waterfront Retail Space Available

      Retail space in a developing waterfront district with future ferry.
      2525 Bayfront Blvd, Hercules, CA 94547
      View Details
    • Contact for pricing
      31,631 SF

      Retail Space in Creekside Center

      Retail space available in a shopping center with anchor tenants.
      1551 Sycamore Ave, Hercules, CA 94547
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,174 SF

      Hercules Industrial Space Available

      Industrial space available for lease in Hercules, California.
      678 Alfred Nobel Dr, Hercules, CA 94547
      View Details
    • Contact for pricing
      6,000 SF

      Retail Opportunity in Core Bay

      Retail spaces available in high-traffic Bay Area location.
      3699 San Pablo Ave, Hercules, CA 94547
      View Details
    • Contact for pricing
      5,572 SF

      Highway Commercial Services Site Available

      3-acre site near Highway 4 in Hercules, CA.
      1477 Willow Ave, Hercules, CA 94547
      View Details
    • Contact for pricing
      9,555 SF

      Highway Commercial Services Site

      3-acre site near Highway 4, suitable for retail.
      1444 Willow Ave, Hercules, CA 94547
      View Details
    • Contact for pricing
      5,588 SF

      Retail Property in High-Traffic Area

      Retail property with high visibility and development potential.
      San Pablo Ave, Hercules, CA 94547
      View Details

    Similar Nearby for Lease

    • $6,000 /Mo
      2,840 SF

      Hercules Commercial Space For Rent

      Commercial space available for rent in Hercules, California.
      740 Alfred Nobel Dr, Hercules, CA 94547
      View Details
    • Contact for pricing

      Retail Space in Established Neighborhood

      Retail space available in established residential neighborhood, parking available.
      1375 Sycamore Ave, Hercules, CA 94547
      View Details
    • Contact for pricing

      Retail Space in Hercules Center

      Retail space available in established Hercules shopping center.
      844 Willow Ave, Hercules, CA 94547
      View Details
    • Contact for pricing
      540 SF

      Waterfront Retail Space Available

      Retail space in a developing waterfront district with future ferry.
      2525 Bayfront Blvd, Hercules, CA 94547
      View Details
    • Contact for pricing
      31,631 SF

      Retail Space in Creekside Center

      Retail space available in a shopping center with anchor tenants.
      1551 Sycamore Ave, Hercules, CA 94547
      View Details
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    624 Alfred Nobel Dr
    Hercules, CA 94547
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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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