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1429-1433 High St 4,250 SF 100% Leased Retail Building Alameda, CA 94501 $1,650,000 ($388.24/SF) 6.01% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Location
- Possible owner occupant opportunity.
- Classic architecture
EXECUTIVE SUMMARY
An historic building (though not on Alameda City Historical Buildings Lists) in a fantastic location across from Lincoln Park, on main bus line, and close to amenities like Encinal Market.
Property may be purchased for a reliable income stream with a solid tenant base, with possibility of negotiating middle space (1431) for owner occupant. Buyer must independently verify any and all potential requirements and/or restrictions, as part of their own due diligence.
The modified gross leases help to minimize the expenses of maintenance, utilities and taxes!
Property may be purchased for a reliable income stream with a solid tenant base, with possibility of negotiating middle space (1431) for owner occupant. Buyer must independently verify any and all potential requirements and/or restrictions, as part of their own due diligence.
The modified gross leases help to minimize the expenses of maintenance, utilities and taxes!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$111,379
|
$26.21
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$111,379
|
$26.21
|
| Taxes |
$4,281
|
$1.01
|
| Operating Expenses |
$7,974
|
$1.88
|
| Total Expenses |
$12,255
|
$2.88
|
| Net Operating Income |
$99,124
|
$23.32
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $111,379 |
| Annual Per SF | $26.21 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $111,379 |
| Annual Per SF | $26.21 |
| Taxes | |
|---|---|
| Annual | $4,281 |
| Annual Per SF | $1.01 |
| Operating Expenses | |
|---|---|
| Annual | $7,974 |
| Annual Per SF | $1.88 |
| Total Expenses | |
|---|---|
| Annual | $12,255 |
| Annual Per SF | $2.88 |
| Net Operating Income | |
|---|---|
| Annual | $99,124 |
| Annual Per SF | $23.32 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,250 SF
Building Class
C
Year Built
1910
Price
$1,650,000
Price Per SF
$388.24
Cap Rate
6.01%
NOI
$99,123
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.66
Lot Size
0.15 AC
Zoning
C4 - Commercial mixed use
Parking
5 Spaces (1.31 Spaces per 1,000 SF Leased)
Frontage
163’ on High St /Santa Clara
AMENITIES
- Mezzanine
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Cycle City
- Retailer
- 2,100 SF
- $25.74
- Modified Gross
- Mar 2027
- Joy Kids USA
- Services
- 2,100 SF
- $27.29
- Modified Gross
- Aug 2027
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Cycle City | Retailer | 2,100 SF | $25.74 | Modified Gross | Mar 2027 | |
| Joy Kids USA | Services | 2,100 SF | $27.29 | Modified Gross | Aug 2027 |
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (87)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 069-0094-004-02 | Total Assessment | $1,716,660 (2025) |
| Land Assessment | $582,624 (2025) | Annual Taxes | $4,281 ($1.01/SF) |
| Improvements Assessment | $1,134,036 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
069-0094-004-02
Land Assessment
$582,624 (2025)
Improvements Assessment
$1,134,036 (2025)
Total Assessment
$1,716,660 (2025)
Annual Taxes
$4,281 ($1.01/SF)
Tax Year
2024
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1429-1433 High St
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