Medical Office Building in
For Sale
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3201 MacArthur Blvd, Oakland, CA 94602
Medical office building with development potential in Oakland's Laurel neighborhood.
Property Size5,547 SF
Price / SF$536.33
Days on Market920
Property Features for 3201 MacArthur Blvd
General Information
Standard status
Active
Size
5,547 SF
Class
B
Property subtype
Office
Zoning
RU5
Investment Type
Redevelopment
Net Operating Income
$217,020
Building Details
Buildings
1
Stories
2
Listing Agency:
POST REAL ESTATE ADVISORS, INC
(415) 710-6860
Listed By:
Charles Post · License #CA 01421132
Source:
Crexi
Added: Feb 15, 2024
Changed: Aug 8
Last Checked: Aug 8 at 6:34AM
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 POST REAL ESTATE ADVISORS, INC
Investment Insights
Based on property information with market context.
This existing medical office building is situated in the Laurel neighborhood. The building features 7 medical office suites, 7 bathrooms, and a one-bedroom apartment. There are 8 off-street parking spaces available. The building will be delivered 75% vacant. The remaining tenants have short-term leases and have expressed interest in staying, contingent upon new lease terms. The property may be suitable for an end-user or as an investment property. Subject to zoning regulations, the property has potential for development into a mixed-use, 5-story residential and commercial building. Interested parties should independently verify development possibilities with all relevant regulatory agencies. The property has a size of 5547 square feet.
Key Highlights
- Existing Medical Office Building in the Laurel neighborhood.
- Delivered 75% vacant, ideal for end‑user or investment.
- Potential for mixed‑use 5‑story residential/commercial development (buyer to verify).
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
$91,858
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
3.09%
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%
$1,837,160
$1.8M
Cap Rate 7%
$1,312,257
$1.3M
Cap Rate 9%
$1,020,644
$1.0M
Market Conditions
NOI Build-Up for 5,547 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
$166.4K $30.00/SF
− Vacancy
−$13.3K −$2.40/SF
EGI
$153.1K $27.60/SF
− OpEx
−$61.2K −$11.04/SF
NOI
$91.9K $16.56/SF
Area
Oakland, CA
Vacancy
8.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
40.00%
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%
$1,837,160
Cap Rate 7%
$1,312,257
Cap Rate 9%
$1,020,644
Alternative Uses
Best Use
Healthcare Medical
$1.31M
$1.15M – $1.53M
NOI $91,858 @ 7.0% cap · market cap 3.09%
Second Best
Office B
$1.06M
$929.6K – $1.24M
NOI $74,365 @ 7.0% cap · market cap 2.50%
Theoretical Best
Multifamily LT 5
$1.82M
$1.59M – $2.12M
NOI $127,125 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
937
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94602, CA
29,702
Population
13,072
Households
2.3
Avg Household Size
42
Median Age
58%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
8,251
Density / Sq Mi
$124,744
Median Household Income
$65,401
Median Earnings
$1,924
Median Rent
$1,111,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office building with development potential in Oakland's Laurel neighborhood.
Where is this medical office space located?
The property is located at 3201 MacArthur Blvd Oakland, CA.
What is the asking price?
The asking price for this property is $2,975,000.
What are key features of this property?
This property features: Existing Medical Office Building in the Laurel neighborhood.; Delivered 75% vacant, ideal for end‑user or investment.; Potential for mixed‑use 5‑story residential/commercial development (buyer to verify).
