Retail/Office Flex
10828 Bancroft Avenue Oakland, CA 94603
10828 Bancroft Avenue, Oakland, CA, 94603
$595,000
For Sale
$595,000
Retail and office flex building with rear addition, multiple rooms, and rear driveway access.
Property Size2,763 SF
Price / SF$215.35
Days on Market918
Property Features for 10828 Bancroft Avenue
General Information
- Standard status
- Active
- Size
- 2,763 SF
Building Details
- Year Built
- 1923
Listing agency
Michael Tanzillo R.E. Brkr
(510) 206-3156
Listed by
Paul Mader · License #00795784
(510) 206-3156
Source
Compass
Added: Jan 16, 2024 Updated: Jul 21 at 3:09PM Checked: Jul 22 at 6:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Michael Tanzillo R.E. Brkr
Investment Insights
Based on property information with market context.
This retail/office flex building is well suited for an owner-user, with an original structure of 2,315 square feet plus an additional 448 square feet at the rear. The interior is configured into several rooms, and the exterior features electric metal window coverings. The layout appears to have functioned as two units in the past, and recent users have included an engineering company and an events planner.
Rear access is available from a driveway on 109th Avenue, supporting practical service and entry options. The property is described as approximately one block from San Leandro.
With its mixed retail and office flex configuration and multi-room layout, the building offers adaptable space for a variety of owner-occupied operations.
Rear access is available from a driveway on 109th Avenue, supporting practical service and entry options. The property is described as approximately one block from San Leandro.
With its mixed retail and office flex configuration and multi-room layout, the building offers adaptable space for a variety of owner-occupied operations.
Key Highlights
- Built in 1923 retail/office flex building with original 2,315 SF plus 448 SF rear addition
- Multiple rooms with electric exterior metal window coverings
- Rear access from the driveway off 109th Avenue
Local Financial Insights For Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.7k | $21.60 |
| − Vacancy | −$4.8k | −$1.73 |
| EGI | $54.9k | $19.87 |
| − OpEx | −$16.5k | −$5.96 |
| NOI | $38.4k | $13.91 |
2,763 SF · lease $21.60/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$549.1K
$480.4K – $640.6K
NOI $38,434 @ 7.0% cap · market cap 6.46%
Second Best
Industrial
$468.6K
$410.1K – $546.7K
NOI $32,804 @ 7.0% cap · market cap 5.51%
Theoretical Best
Multifamily LT 5
$806.0K
$705.3K – $940.4K
NOI $56,422 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Oakland Title Loans ...
Loan Service
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FAQs
What type of property is this?
Flex space - Retail and office flex building with rear addition, multiple rooms, and rear driveway access.
Where is this flex space located?
The property is located at 10828 Bancroft Avenue Oakland, CA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Built in 1923 retail/office flex building with original 2,315 SF plus 448 SF rear addition; Multiple rooms with electric exterior metal window coverings; Rear access from the driveway off 109th Avenue
