Mixed-Use Property with Retail
For Sale
$899,000
1155 International Boulevard, Oakland, CA 94606
Residential units and retail space share a corner-lot property with on-site parking.
Property Size5,000 SF
Price / SF$179.80
Days on Market466
Property Features for 1155 International Boulevard
General Information
Standard status
Active
Size
5,000 SF
Total Parking Spaces
1
Property subtype
5+ Units
Occupancy
20%
Property Condition
Severity
Repairs Needed
Evidence
FIXER-UPPER, HANDY MAN SPECIAL
Site & Location
Corner Location
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3/2, 2 x 2/1, 1/1
Multifamily Units
5
Additional Details
Opportunity Zone
Yes
Amenities
Carpet
None, Wall Furnace, PublicSewer
Listing Agency:
United Brokers Real Estate
(510) 517-3015
Listed By:
An Chi Ly · License #01374021
(510) 517-3015
Source:
Compass
Added: May 23, 2025
Changed: Aug 30
Last Checked: Aug 30 at 10:52PM
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 United Brokers Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property combines five residential units with retail space in a 5,000-square-foot building. The residential configuration includes two 3-bedroom, 2-bath units, two 2-bedroom, 1-bath units, and one 1-bedroom unit. Unit #2 is occupied, while the remaining units are vacant. The building has a concrete foundation and is positioned on a corner lot with parking. Renovation work is needed, offering an opportunity to reconfigure and improve the existing improvements.
The property is located at 1155 International Boulevard in Oakland’s New Chinatown and is within walking distance of shops, restaurants, and public transportation. It is also situated in a designated Opportunity Zone. Retail space and multiple residential layouts create a combined commercial and residential format at the property.
The property is located at 1155 International Boulevard in Oakland’s New Chinatown and is within walking distance of shops, restaurants, and public transportation. It is also situated in a designated Opportunity Zone. Retail space and multiple residential layouts create a combined commercial and residential format at the property.
Key Highlights
- 5,000‑square‑foot mixed‑use building with five residential units and retail space
- Unit mix includes 2 x 3/2, 2 x 2/1, and 1/1
- All units are vacant except for unit #2
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$74,250
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,485,000
$1.5M
Cap Rate 7%
$1,060,714
$1.1M
Cap Rate 9%
$825,000
$825.0K
Market Conditions
NOI Build-Up for 5,000 SF
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.
Gross rent
$132.0K $26.40/SF
− Vacancy
−$13.2K −$2.64/SF
EGI
$118.8K $23.76/SF
− OpEx
−$44.6K −$8.91/SF
NOI
$74.3K $14.85/SF
Area
ZIP 94606
Vacancy
10.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,485,000
Cap Rate 7%
$1,060,714
Cap Rate 9%
$825,000
Alternative Uses
Best Use
Apartment 5plus
$1.40M
$1.23M – $1.64M
NOI $98,233 @ 7.0% cap · market cap 10.93%
Second Best
Mixed Use
$1.06M
$928.1K – $1.24M
NOI $74,250 @ 7.0% cap · market cap 8.26%
Theoretical Best
Office A
$2.28M
$1.99M – $2.66M
NOI $159,437 @ 7.0% cap · market cap 17.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
20%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,482
Businesses Nearby
Explore this area
Business Placement
Demographics for 94606, CA
40,768
Population
17,457
Households
2.3
Avg Household Size
37
Median Age
40%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
17,725
Density / Sq Mi
$70,769
Median Household Income
$47,558
Median Earnings
$1,775
Median Rent
$747,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential units and retail space share a corner-lot property with on-site parking.
Where is this mixed-use property located?
The property is located at 1155 International Boulevard Oakland, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 5,000‑square‑foot mixed‑use building with five residential units and retail space; Unit mix includes 2 x 3/2, 2 x 2/1, and 1/1; All units are vacant except for unit #2
