Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    950 89Th Ave Oakland, CA 94621

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,500,000

    Turnkey cannabis cultivation facility with advanced technology in Oakland, CA.

    Lot size:
    0.18 Acres

    Property Features for 950 89Th Ave

    General Information

    Lot size
    0.18 Acres

    Building Details

    Year built
    1961

    We can help!

    Listing Contact
    Eric Espinoza
    Source: Elliman

    Listing Agent: Eric Espinoza

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Oakland Cannabis Cultivation Facility

    The property features a 5,867 square foot building situated on a 7,964 square foot lot. This facility is equipped with advanced technology, including automated grow room system controls, irrigation and fertigation systems, and lighting. A VRF HVAC system, a water filtration and recycling system, and a rainwater harvesting system are in place. Security is supported by a video, monitoring, access control, and alarm system. A 1,200 amp power supply supports the facility's operations. The current capacity includes 140 lights illuminating 1,746 square feet of canopy, along with dedicated veg and mother rooms, and processing/packaging areas. The real estate alone is valued at $3 million.
    Location Intelligence

    Current Use by Public Records

    Cannabis farms

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.1823256
    Latitude
    37.7467144

    Nearby Similar for Sale

    • $850,000
      Pending

      Oakland Fourplex with Income Potential

      Fourplex in Oakland with value-add and income potential.
      1748 E 15Th St, Oakland, CA 94606
      View Details
    • New
      $749,000
      1,565 SF

      Versatile Oakland Duplex with Potential

      Oakland duplex with rental income potential and room to grow.
      852 58Th St, Oakland, CA 94608
      View Details
    • $1,150,000
      4,342 SF

      Oakland Multifamily Investment Opportunity

      Four-unit property in Oakland with income potential and value-add upside.
      856 21St St, Oakland, CA 94607
      View Details
    • New
      $665,000
      3,384 SF

      Oakland Triplex with Solid Income

      Triplex in Oakland with long-term tenants and high cap rate.
      1927 82Nd Ave, Oakland, CA 94621
      View Details
    • $1,400,000
      4,905 SF

      Spacious, Modern Oakland Duplex

      Fully rebuilt duplex with modern finishes, ideal for flexible living.
      1238 12Th St, Oakland, CA 94607
      View Details
    • $749,000
      2,226 SF

      Oakland Duplex with Development Potential

      Charming duplex with bonus unit in vibrant Oakland area.
      1706-1704 Center St, Oakland, CA 94607
      View Details
    • New
      $979,950
      3,100 SF

      Oakland Victorian Home Income Opportunity

      Victorian home with ADU and basement income potential.
      1725 96Th Ave, Oakland, CA 94603
      View Details
    • $775,000
      Pending

      Victorian Duplex in West Oakland

      Updated Victorian duplex in West Oakland with income potential.
      1444 14Th St, Oakland, CA 94607
      View Details
    • $949,888
      1,662 SF

      Remodeled Duplex in Prime Location

      Charming, remodeled 2-bedroom, 1-bathroom duplex near 580 and Highland Hospital.
      3214 13Th Ave, Oakland, CA 94610
      View Details
    • New
      $899,000
      2,005 SF

      Oakland Duplex with Garden

      Charming duplex with updated kitchen, garden, and off-street parking.
      3846 Beaumont Ave, Oakland, CA 94602
      View Details
    • $2,459,000
      14,266 SF

      Oakland Multifamily Investment Opportunity

      18-unit apartment building with remodeling and income potential.
      2100 51St Ave, Oakland, CA 94601
      View Details
    • New
      $675,000
      3,514 SF

      Oakland Multi-Family Property with Garages

      Two homes with parking and garages, needs TLC and repairs.
      3020 E 19Th St, Oakland, CA 94601
      View Details

    FAQs

    What type of property is this?
    Cannabis farm - Turnkey cannabis cultivation facility with advanced technology in Oakland, CA.
    Where is this cannabis farm located?
    The property is located at 950 89Th Ave Oakland, CA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Real estate valued at $3 million.; - 5,867 Sq Ft building on a 7,964 Sq Ft lot.; - Automated grow room system controls irrigation/fertigation and lighting.
    (858) 245-6324
    Request Owner's contact information
    950 89Th Ave Oakland, CA 94621
    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.
    950 89Th Ave
    Oakland, CA 94621
    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
    950 89Th Ave Oakland, CA 94621
    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

    We can help!
    Listing Contact
    Eric Espinoza
    (858) 245-6324
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.