Oakland Retail Investment
5428 San Pablo Ave, Oakland, CA 94608
Retail Building Investment Opportunity
Property size:
8,424 SFLot size:
0.19 AcresPrice / SF:
$331/SF- Added:
- Dec 20, 2024
- Days on Market:
- 519
- Last Refresh:
- Mar 16 at 9:06 am
Property Features for 5428 San Pablo Ave
General Information
- Standard status
- Active
- Property type
- Individual retail properties, Other retail properties, Retail properties & Spaces
- Size
- 8,424 SF
- Elevators
- N/A
- Lot size
- 0.19 Acres
- Investment Type
- Owner User
Building Details
- Year Built
- 1945
- Buildings
- 1
- Stories
- 1
Listing agent Adam License #(S):CA:01462752 (650) 391-1782
Listing office Marcus & Millichap | Palo Alto (650) 391-1782
Listing date Dec 20, 2024
HighLights
- + Exceptional Investment Opportunity Acquire a premium industrial asset in the vibrant East Bay area.
- + Strong Employment Base Close to major employers like Square, Pandora, Kaiser Permanente, Sutter Health, Blue Shield, Ask.com, and Credit Karma.
- + Prime Oakland Location 2.9 miles from Downtown Oakland, 2.6 miles from Downtown Berkeley, near top shopping, dining, and entertainment.
- + Excellent Transportation 5428 San Pablo Ave provides easy access to I‑80, I‑880, I‑580, the Bay Bridge, and multiple BART stations.
Overview
This retail building, located at 5428 San Pablo Ave, Oakland, CA 94608, offers an investment opportunity. The property features 8,424 square feet of space on a 0.19-acre lot. Situated 2.9 miles from Downtown Oakland and 2.6 miles from Downtown Berkeley, the location provides access to a commercial district with shopping, dining, and entertainment options. The area benefits from a strong employment base, with proximity to major employers such as Square, Pandora, Kaiser Permanente, Sutter Health, Blue Shield, Ask.com, and Credit Karma. Transportation access is facilitated by convenient access to I-80, I-880, I-580, the Bay Bridge, and multiple BART stations. The building includes a 30-foot frontage on San Pablo Avenue, ensuring visibility and accessibility. This property is an attractive proposition for investors seeking a high-return asset in a dynamic market.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$1.81M
NOI $163,335 @ 9.00% cap · cautious / downside scenario
Moderate
$2.33M
NOI $163,335 @ 7.00% cap · market / base-case scenario
Aggressive
$3.27M
NOI $163,335 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $246.7k | $29.28 |
| − Vacancy | −$13.3k | −$1.58 |
| EGI | $233.3k | $27.70 |
| − OpEx | −$70.0k | −$8.31 |
| NOI | $163.3k | $19.39 |
8,424 SF · lease $29.28/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$2.33M
$2.04M – $2.72M
NOI $163,335 @ 7.0% cap · market cap 5.84%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.76M
$2.41M – $3.22M
NOI $193,059 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
LAND AND SEA Gallery
Publishing House
Location Insight
- Map
- Local Demand
- City
- Oakland
- County
- Alameda
- State
- California
- Longitude
- -122.281807
- Latitude
- 37.838234
Nearby Similar for Sale
FAQs
What type of property is this?
Individual retail property - Retail Building Investment Opportunity
Where is this individual retail property located?
The property is located at 5428 San Pablo Ave Oakland, CA.
What is the asking price?
The asking price for this property is $2,795,000.
What are key features of this property?
This property features: + Exceptional Investment Opportunity Acquire a premium industrial asset in the vibrant East Bay area.; + Strong Employment Base Close to major employers like Square, Pandora, Kaiser Permanente, Sutter Health, Blue Shield, Ask.com, and Credit Karma.; + Prime Oakland Location 2.9 miles from Downtown Oakland, 2.6 miles from Downtown Berkeley, near top shopping, dining, and entertainment.
