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    Landmark Building in Laurel District Title is generated by Realmo AI

    4050 Macarthur Boulevard, Oakland, CA 94619

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    Claim this Listing
    For Lease
    $30 SF/Yr $20,900/Mo (calc)

    Commercial Lease, Other - Oakland, CA

    Type:Retail
    Property size:
    8,360 SF
    Lot size:
    0.18 Acres
    Added:
    Apr 13, 2026
    Days on Market:
    51
    Last Refresh:
    Jun 1 at 11:06 pm

    Property Features for 4050 Macarthur Boulevard

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    APN
    0301981097
    Size
    8,360 SF
    Lot size
    0.18 Acres

    Building Details

    Year built
    1950
    Architectural style
    Other

    We can help!

    Listing Contact
    Oleg CRE Verbitski

    Listing agent Oleg CRE Verbitski

    Listing office Engel & Völkers San Francisco Union Street 2200 Union Street, San Francisco, CA

    Listing date Apr 13, 2026

    MLS# 426121119 Listing URL

    Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Landmark former Bank of America building in Oakland's Laurel District.
    • High‑profile location with 76' of MacArthur Blvd frontage and direct I‑580 access.
    • Bank Space (6,960 SF) includes a fully equipped vault, large windows, and multiple entry points.
    • Two spaces available separately or combined (8,300 SF total).
    • Located in an area with a high average household income.
    • Prime street‑level Retail Storefront (1,340 SF) with excellent frontage and signage visibility.

    Overview

    This landmark 1.5-story masonry corner building, formerly a Bank of America branch for 59 years, presents a rare leasing opportunity at the entrance to Oakland's Laurel District. The property offers two spaces, available separately or combined. The bank space, encompassing 6,960 square feet, features a fully equipped vault, large high-profile windows, and multiple entry points. It is suitable for financial services, credit unions, professional offices, wellness centers, or destination retail. Existing ATMs will be relocated on-site. The retail storefront provides 1,340 square feet of prime street-level space with frontage on MacArthur Boulevard and signage visibility. The combined whole-building option offers 8,300 square feet. The property is zoned CN-2 and features 76 feet of frontage on MacArthur Boulevard, with direct access to I-580 (177,000 vehicles per day). Surrounding businesses include Ace Hardware, Planet Fitness, Peet's Coffee, Ghost Town Brewing, and Citibank. The average household income within 0.3 miles is $129,000. The Walk Score is 80. Street parking is available, and off-site parking may be leased separately.
    Property Profile Location Intelligence

    Current Use by Public Records

    Z and Z Plumbing Plumbing Service Mizaan Clothing & Fashion Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.197474
    Latitude
    37.789977

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    FAQs

    What type of property is this?
    Bank - Former Bank of America building available for lease in Oakland.
    Where is this bank located?
    The property is located at 4050 Macarthur Boulevard Oakland, CA.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: Landmark former Bank of America building in Oakland's Laurel District.; High‑profile location with 76' of MacArthur Blvd frontage and direct I‑580 access.; Bank Space (6,960 SF) includes a fully equipped vault, large windows, and multiple entry points.
    (415) 689-8592
    We can help!
    Listing Contact
    Oleg CRE Verbitski
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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.

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