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1429-1433 High St 4,250 SF 100% Leased Retail Building Alameda, CA 94501 $2,103,350 CAD ($494.91 CAD/SF) 6.40% 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 High St) 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 High St) 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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$151,141
|
$35.56
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$151,141
|
$35.56
|
| Taxes |
$5,809
|
$1.37
|
| Operating Expenses |
$10,821
|
$2.55
|
| Total Expenses |
$16,630
|
$3.91
|
| Net Operating Income |
$134,511
|
$31.65
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $151,141 |
| Annual Per SF | $35.56 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $151,141 |
| Annual Per SF | $35.56 |
| Taxes (CAD) | |
|---|---|
| Annual | $5,809 |
| Annual Per SF | $1.37 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $10,821 |
| Annual Per SF | $2.55 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $16,630 |
| Annual Per SF | $3.91 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $134,511 |
| Annual Per SF | $31.65 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,250 SF
Building Class
C
Year Built
1910
Price
$2,103,350 CAD
Price Per SF
$494.91 CAD
Cap Rate
6.40%
NOI
$134,510 CAD
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
- $35.19 CAD
- Modified Gross
- Mar 2027
- Joy Kids USA
- Services
- 2,100 SF
- $37.31 CAD
- Modified Gross
- Aug 2027
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Cycle City | Retailer | 2,100 SF | $35.19 CAD | Modified Gross | Mar 2027 | |
| Joy Kids USA | Services | 2,100 SF | $37.31 CAD | 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 | $2,329,508 CAD (2025) |
| Land Assessment | $790,621 CAD (2025) | Annual Taxes | $5,809 CAD ($1.37 CAD/SF) |
| Improvements Assessment | $1,538,887 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
069-0094-004-02
Land Assessment
$790,621 CAD (2025)
Improvements Assessment
$1,538,887 CAD (2025)
Total Assessment
$2,329,508 CAD (2025)
Annual Taxes
$5,809 CAD ($1.37 CAD/SF)
Tax Year
2024
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1429-1433 High St
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