Freestanding Commercial Building with
2515 Seminary Ave Oakland, CA 94605
2515 Seminary Ave, Oakland, CA, 94605
$1,400,000
For Sale
$1,400,000
Renovated 6,200 SF building with income and flexible zoning.
Property Size6,200 SF
Lot Size0.17 Acres
Price / SF$225.81
Days on Market132
Property Features for 2515 Seminary Ave
General Information
- Standard status
- Active
- Size
- 6,200 SF
- Lot size
- 0.17 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1928
Listing Agency
CENTERMAC REALTY, INC.
(408) 772-6539
Listed by
Maria Shlychkova
(408) 772-6539
Source
Elliman
Added: Mar 10 Checked: Jul 19 at 6:13 am
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 CENTERMAC REALTY, INC.
Investment Insights
Based on property information with market context.
This is a renovated freestanding commercial building offering 6,200 square feet of space. The property includes a leased billboard, providing additional income. The building features 25-foot ceilings, roll-up and drive-in doors, a showroom area, and private offices. There are also two restrooms. A new roof with a 10-year warranty was installed in January 2026. The property is situated on a 7,341 square foot lot and is zoned CN-3, which allows for a wide range of commercial uses. It is located at a high-traffic intersection near Bancroft Ave. The property is fully leased.
Key Highlights
- Fully leased 6,200 SF commercial building generating income
- Leased billboard provides additional income stream
- CN‑3 zoning allows for a wide range of commercial uses
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $133.9k | $21.60 |
| − Vacancy | −$10.0k | −$1.62 |
| EGI | $123.9k | $19.98 |
| − OpEx | −$37.2k | −$5.99 |
| NOI | $86.7k | $13.99 |
6,200 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.24M
$1.08M – $1.45M
NOI $86,713 @ 7.0% cap · market cap 6.19%
Second Best
Flex RnD
$880.2K
$770.1K – $1.03M
NOI $61,611 @ 7.0% cap · market cap 4.40%
Theoretical Best
Multifamily LT 5
$1.79M
$1.57M – $2.09M
NOI $125,500 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Fitness Gym Oakland
Gym & Fitness Center
FITNESS GYM Nutrición ...
Gym & Fitness Center
Similar For Sale Nearby
Similar Off Market Nearby
- Bamboo River Catering — 6164 Laird Ave, Oakland, CA 94605
- Win Family Catering — 1214 58th Ave, Oakland, CA 94621
- Hook You Up Catering and BBQ Services. — Curbside Services Only, East Bay Area, 2420 Renwick St, Oakland, CA 94601
- QINGKACHI — 5015 MacArthur Blvd, Oakland, CA 94619
FAQs
What type of property is this?
Flex space - Renovated 6,200 SF building with income and flexible zoning.
Where is this flex space located?
The property is located at 2515 Seminary Ave Oakland, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Fully leased 6,200 SF commercial building generating income; Leased billboard provides additional income stream; CN‑3 zoning allows for a wide range of commercial uses
