Small Warehouse Near Oakland
For Sale
$375,000
Pending
81st #24 #24, Oakland, CA 94621
Small warehouse with roll-up door, convenient Oakland location.
Property Size1,056 SF
Days on Market516
Property Features for 81st #24 #24
General Information
Standard status
Pending
Size
1,056 SF
Property subtype
Commercial
Amenities
Composition Roof
Concrete Flooring
Building Details
Year Built
2006
Listing Agency:
ANNE BRUFF & ASSOCIATES
(510) 594-7455
Listed By:
ANNE BRUFF · License #00517413
(510) 295-5888
Source:
Corcoran
Added: Apr 22, 2025
Changed: Sep 18
Last Checked: Sep 19 at 9:49AM
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 ANNE BRUFF & ASSOCIATES
Investment Insights
Based on property information with market context.
This is a small warehouse property featuring a roll-up door and one dedicated parking space. The property is secured with a gated entrance. Its location offers convenient access to Oakland Airport, BART, Downtown Oakland, and the 880 freeway. The unit, with a size of 1056 square feet, is currently owner-occupied and will be delivered vacant.
Key Highlights
- Convenient location: Close to Oakland Airport, BART, Downtown Oakland, and 880.
- Delivered vacant: Ready for immediate occupancy or use.
- Secured property: Gated entrance provides added security.
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
$15,688
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
4.18%
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%
$313,760
$313.8K
Cap Rate 7%
$224,114
$224.1K
Cap Rate 9%
$174,311
$174.3K
Market Conditions
NOI Build-Up for 1,056 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
$20.1K $19.08/SF
− Vacancy
−$1.7K −$1.60/SF
EGI
$18.5K $17.48/SF
− OpEx
−$2.8K −$2.62/SF
NOI
$15.7K $14.86/SF
Area
Oakland, CA
Vacancy
8.40%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
15.00%
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%
$313,760
Cap Rate 7%
$224,114
Cap Rate 9%
$174,311
Alternative Uses
Best Use
Warehouse
$224.1K
$196.1K – $261.5K
NOI $15,688 @ 7.0% cap · market cap 4.18%
Second Best
Industrial
$184.6K
$161.5K – $215.3K
NOI $12,919 @ 7.0% cap · market cap 3.45%
Theoretical Best
Multifamily LT 5
$345.7K
$302.5K – $403.4K
NOI $24,201 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
841
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94621, CA
35,816
Population
11,078
Households
3.2
Avg Household Size
32
Median Age
13%
College-Educated
67%
High-School Grad
8.5 sq mi
ZIP Area
4,214
Density / Sq Mi
$53,106
Median Household Income
$35,199
Median Earnings
$1,527
Median Rent
$537,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Small warehouse with roll-up door, convenient Oakland location.
Where is this warehouse located?
The property is located at 81st #24 #24 Oakland, CA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Convenient location: Close to Oakland Airport, BART, Downtown Oakland, and 880.; Delivered vacant: Ready for immediate occupancy or use.; Secured property: Gated entrance provides added security.
