Equipped Auto Shop
For Sale
$1,699,000
1200 12th Street, Oakland, CA 94606
7,500 sq. ft. auto shop with premium improvements.
Property Size7,500 SF
Price / SF$226.53
Days on Market221
Property Features for 1200 12th Street
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Commercial
Amenities
Clay Roof
Concrete Flooring
Gas Heating
Handicapped Bathroom Features
Off Street Parking
Wide Halls / Doors (3 Ft +)
Building Details
Year Built
1926
Listing Agency:
COLDWELL BANKER REALTY
(408) 203-1128
Listed By:
JENNY HUANG · License #01362454
Source:
Corcoran
Added: Jan 5
Changed: Aug 8
Last Checked: Apr 5 at 8:30PM
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 REALTY
Investment Insights
Based on property information with market context.
This is a 7,500 sq. ft. auto shop suitable for various automotive uses such as auto repair, body work, and paint operations. The property features premium improvements and excellent functionality. It is currently owner-occupied and presents an opportunity for owner-users, investors, or tenants seeking a functional automotive facility.
Key Highlights
- Fully equipped 7,500 sq. ft. auto shop ready for immediate use.
- Suitable for a wide range of automotive uses (repair, body work, paint).
- Excellent functionality and premium improvements.
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
$106,823
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
6.29%
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%
$2,136,460
$2.1M
Cap Rate 7%
$1,526,043
$1.5M
Cap Rate 9%
$1,186,922
$1.2M
Market Conditions
NOI Build-Up for 7,500 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
$162.0K $21.60/SF
− Vacancy
−$9.4K −$1.25/SF
EGI
$152.6K $20.35/SF
− OpEx
−$45.8K −$6.10/SF
NOI
$106.8K $14.24/SF
Area
ZIP 94606
Vacancy
5.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$2,136,460
Cap Rate 7%
$1,526,043
Cap Rate 9%
$1,186,922
Alternative Uses
Best Use
Retail
$1.53M
$1.34M – $1.78M
NOI $106,823 @ 7.0% cap · market cap 6.29%
Second Best
Industrial
$989.3K
$865.6K – $1.15M
NOI $69,250 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$3.42M
$2.99M – $3.99M
NOI $239,155 @ 7.0% cap · market cap 14.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
9,729
Businesses Nearby
43k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 40%
Hotels & Casinos 2%
Chevron
Shops & Services
14,597 visits/mo
0.4 miles
McDonald's
Dining
13,504 visits/mo
0.4 miles
Chase Bank
Shops & Services
5,019 visits/mo
0.5 miles
Union Bank
Shops & Services
2,883 visits/mo
0.4 miles
Mountain Mike's Pizza
Dining
2,457 visits/mo
0.4 miles
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 Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Steve's Auto — 2400 E 12th St, Oakland, CA 94601
- Discount Brakes & Tires — 2301 E 12th St, Oakland, CA 94601
- Tony Auto Care — 2344 E 12th St, Oakland, CA 94601, United States
- Fast Collision Center Automobile Repairs — 2344 E 12th St, Oakland, CA 94601
- Fast Collision Center — 2344 E 12th St, Oakland, CA 94601
Frequently Asked Questions
What type of property is this?
Auto shop - 7,500 sq. ft. auto shop with premium improvements.
Where is this auto shop located?
The property is located at 1200 12th Street Oakland, CA.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Fully equipped 7,500 sq. ft. auto shop ready for immediate use.; Suitable for a wide range of automotive uses (repair, body work, paint).; Excellent functionality and premium improvements.
