Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    400 23rd St Oakland, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Sublease opportunity: industrial creative office space with storage.

    Type:OFFICE
    Property size:
    12,253 SF
    Lot size:
    0.22 Acres
    Added:
    Mar 29, 2023
    Days on Market:
    1133
    Last Refresh:
    Apr 5 at 10:15 pm

    Property Features for 400 23rd St

    General Information

    Standard status
    Active
    Size
    12,253 SF
    Lot size
    0.22 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 400 23rd St Contact us

    We can help!

    Listing Contact
    Trent Holsman

    Listing agent Trent Holsman

    Listing office CBRE | Oakland

    Listing date Mar 29, 2023

    Source Moodyscre

    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 CBRE | Oakland

    Overview

    Creative Office Space in Oakland

    This sublease space at 400 23rd Street in Oakland offers 12,253 square feet of industrial creative office space, complemented by 10,000 square feet of basement storage. The space features exposed brick and timber, incorporating a blend of private offices, huddle rooms, and open areas. Ample collaborative open space is available for workstations. The property is adjacent to Drake's Dealership, Calavera, and other amenities in Oakland. This mixed-use development includes seven retail storefronts, eight multi-use office spaces, eight converted lofts, and 96 new walk-up apartments, aiming to enhance local culture and strengthen the community.
    Location Intelligence

    Current Use by Public Records

    Amazon Photography ENP ... Marketing & Advertising

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Hair Salon Dental Office 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
    -122.268
    Latitude
    37.8124

    Nearby Similar for Lease

    • $30 SF/Yr

      Landmark Building in Laurel District

      Former Bank of America building available for lease in Oakland.
      4050 Macarthur Boulevard, Oakland, CA 94619
      View Details
    • $1,200/Mo

      Bright Office Space in Oakland

      Second-story office space near Telegraph shops and eateries.
      4601 Telegraph Ave 206, Oakland, CA 94609
      View Details
    • $4,000/Mo

      Emeryville Flex Space For Lease

      Two-story flex space with high ceilings and roll-up door.
      3038 Market ST 40, EMERYVILLE, CA 94608
      View Details
    • $550/Mo

      Bright Office Space Available

      Second story office space in Oakland near Telegraph shops.
      4601 Telegraph Ave 202, Oakland, CA 94609
      View Details
    • $750/Mo

      Oakland Office Space For Rent

      Second story office space near Telegraph shops and eateries.
      4601 Telegraph Ave 204, Oakland, CA 94609
      View Details
    • $2,314/Mo

      Oakland Mixed-Use Flexible Space

      Unique mixed-use property in a rapidly developing Oakland area.
      3532 San Leandro St, Oakland, CA 94601
      View Details
    • Contact for pricing

      High-Visibility Retail Space Available

      Retail space with high traffic and convenient transportation access.
      7101 International Blvd, Oakland, CA 94621
      View Details
    • $900/Mo

      Convenient Oakland Office Space Available

      Office space in a great location with easy access.
      901 Clay St, Oakland, CA 94607
      View Details
    • Contact for pricing

      Dedicated Office Space Available

      300 sq ft office space with parking and amenities.
      2607 Seminary Ave, Oakland, CA 94605
      View Details
    • $2,800/Mo

      Oakland Chinatown Office Suite

      Premier commercial office suite in Oakland's vibrant Chinatown.
      212 9th St, Oakland, CA 94607
      View Details
    • Contact for pricing

      Bright Corner Office Space

      Second-story office space near Telegraph shops and eateries.
      4601 Telegraph Ave 206, Oakland, CA 94609
      View Details
    • $1.73 SF/Yr

      Visible Corner Retail/Office Space

      Highly visible retail/office space near Dimond District with flexible zoning.
      3100 Fruitvale Avenue, Oakland, Oakland, CA 94602
      View Details

    FAQs

    What type of property is this?
    Office units - Sublease opportunity: industrial creative office space with storage.
    Where is this office units located?
    The property is located at 400 23rd St Oakland, CA.
    What are key features of this property?
    This property features: 12,253 RSF of industrial creative office space with exposed brick and timber.; 10,000 SF basement storage.; Blend of private offices, huddle rooms, and open areas.
    (510) 874-1900 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Trent Holsman
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    400 23rd St, Oakland, CA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!