3049 Independence DrLivermore, CA 94551

Property Details for 3049 Independence Dr

Year built

2000

Construction

TILT-UP CONCRETE

Lot size

7.89 AC

Property size (Sq ft)

105,596 SF

Property type

Life science properties

APN

905-10-8-1

APU

9051081

Description

This exceptional Class A office and industrial property, the North Canyons Business Center, offers a unique opportunity for businesses seeking flexible and modern space in Livermore, California. Located at 3049 Independence Dr, 94551, this six-building complex boasts a total of 16,128 square feet, with 12,433 square feet currently available for lease. The property features three suites, ranging from a minimum of 1,847 square feet to a maximum contiguous space of 5,542 square feet, making it ideal for a variety of businesses. Built in 1999, the single-story buildings offer 16-foot ceilings and one drive-in bay. The property's prime location in Alameda County provides excellent freeway access and visibility, with convenient proximity to N Canyons Pkwy. Its strategic location offers easy access to the Livermore Airport and is just 3.5 miles from the Hacienda Business Park, placing businesses within reach of a broad range of housing options. Enjoy attractive views of the entire valley. The property's versatile design, encompassing executive office, flex, and R&D space, caters to diverse business needs. This is a rare opportunity to secure high-quality space in a desirable Livermore location.

• CAP approach

  CAP return

  Valuation

  6%

  $61,533,500

  6.5%

  $56,800,100

  7%

  $52,743,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $47,122,800

  Geo Method

  $47,122,800

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $29,387,700

  Mixed-Use / Specialty

  $29,488,400

  Hospitality / Lodging

  $21,902,300

  Office

  $29,527,300

  Institutional / Educational

  $30,729,500

  Residential Income

  $35,953,600

  Multifamily

  $41,981,300

  Automotive / Energy

  $26,339,600

  Parking / Income-Based Land

  $8,886,410

  Restaurant / Food Service

  $15,775,800

  Healthcare / Senior Housing

  $30,029,000

Location Insight

City

Livermore

County

Alameda

State

California

Latitude

37.7064

Longitude

-121.812

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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