Temescal Portfolio: Mixed-Use
For Sale
$10,875,000
5000 Telegraph Avenue, Oakland, CA 94609
Mixed-use portfolio in vibrant Temescal neighborhood near MacArthur BART.
Property Size31,000 SF
Price / SF$350.81
Days on Market497
Property Features for 5000 Telegraph Avenue
General Information
Standard status
Active
Size
31,000 SF
Building Details
Year Built
1910
Listing Agency:
COLDWELL BANKER COMMERCIAL REALTY
(415) 474-1750
Listed By:
STEVEN CARAVELLI
Source:
Corcoran
Added: Apr 22, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 COLDWELL BANKER COMMERCIAL REALTY
Investment Insights
Based on property information with market context.
The Temescal Portfolio comprises three properties: 5000-5010 Telegraph Avenue, 4926 Telegraph Avenue, and 470 49th Street. This diverse collection features trendy shops, quality food vendors, artists' studios, and apartments. The portfolio offers approximately 31,900 square feet of rentable space. Its strategic location near the MacArthur BART station, the largest in the BART system, and along the main retail corridor connecting the University of California, Berkeley campus, and downtown Oakland, ensures high foot traffic. The properties are situated in the most vibrant blocks along the Temescal/Telegraph area, near tenants such as Whole Foods Market and Temescal Plaza. This unique collection represents the vibrant Temescal neighborhood, showcasing local artists and hosting a weekly farmers market and street festivals that attract locals and visitors.
Key Highlights
- Strategically positioned near MacArthur BART station (largest in the system).
- Located along the main retail corridor connecting UC Berkeley and downtown Oakland, ensuring high foot traffic.
- Features a diverse mix of trendy shops, quality food, artists, studios, and apartments.
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
$654,567
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
6.02%
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%
$13,091,340
$13.1M
Cap Rate 7%
$9,350,957
$9.4M
Cap Rate 9%
$7,272,967
$7.3M
Market Conditions
NOI Build-Up for 31,000 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
$1.25M $40.20/SF
− Vacancy
−$56.1K −$1.81/SF
EGI
$1.19M $38.39/SF
− OpEx
−$535.6K −$17.28/SF
NOI
$654.6K $21.12/SF
Area
Oakland, CA
Vacancy
4.50%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
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%
$13,091,340
Cap Rate 7%
$9,350,957
Cap Rate 9%
$7,272,967
Alternative Uses
Best Use
Apartment 5plus
$9.35M
$8.18M – $10.91M
NOI $654,567 @ 7.0% cap · market cap 6.02%
Second Best
Retail
$8.59M
$7.51M – $10.02M
NOI $601,066 @ 7.0% cap · market cap 5.53%
Theoretical Best
Multifamily LT 5
$10.15M
$8.88M – $11.84M
NOI $710,451 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,607
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94609, CA
23,578
Population
11,915
Households
2
Avg Household Size
36
Median Age
62%
College-Educated
95%
High-School Grad
1.7 sq mi
ZIP Area
13,869
Density / Sq Mi
$106,698
Median Household Income
$69,221
Median Earnings
$2,116
Median Rent
$1,147,900
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.
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Shopping center - Mixed-use portfolio in vibrant Temescal neighborhood near MacArthur BART.
Where is this shopping center located?
The property is located at 5000 Telegraph Avenue Oakland, CA.
What is the asking price?
The asking price for this property is $10,875,000.
What are key features of this property?
This property features: Strategically positioned near MacArthur BART station (largest in the system).; Located along the main retail corridor connecting UC Berkeley and downtown Oakland, ensuring high foot traffic.; Features a diverse mix of trendy shops, quality food, artists, studios, and apartments.
