Oakland Warehouse Property for
For Sale
$14,000,000
9957 Medford Ave, Oakland, CA 94603
87,768 sqft warehouse in Oakland available for purchase.
Property Size23,924 SF
Price / SF$159.51
Days on Market182
Property Features for 9957 Medford Ave
General Information
Standard status
Active
Size
23,924 SF
Class
C
Property subtype
Industrial
Building Details
Building Size
23,924 SF
Year Built
1946
Buildings
1
Listing Agency:
Kidder Mathews - Pleasanton
Listed By:
Jason Allen · License #1438182
(925) 905-1102
Source:
Kidder
Added: Mar 8
Changed: Aug 8
Last Checked: Mar 26 at 9:48AM
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 Kidder Mathews - Pleasanton
Investment Insights
Based on property information with market context.
An 87,768 square foot warehouse property is available for sale in Oakland, California.
Key Highlights
- 87,768 sqft warehouse available for purchase.
- Located in Oakland.
- Warehouse property.
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
$1,131,128
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
8.08%
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%
$22,622,560
$22.6M
Cap Rate 7%
$16,158,971
$16.2M
Cap Rate 9%
$12,568,089
$12.6M
Market Conditions
NOI Build-Up for 87,768 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
$1.40M $15.96/SF
− Vacancy
−$70.0K −$0.80/SF
EGI
$1.33M $15.16/SF
− OpEx
−$199.6K −$2.27/SF
NOI
$1.13M $12.89/SF
Area
ZIP 94603
Vacancy
5.00%
Lease Rate
$15.96 /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%
$22,622,560
Cap Rate 7%
$16,158,971
Cap Rate 9%
$12,568,089
Alternative Uses
Best Use
Warehouse
$16.16M
$14.14M – $18.85M
NOI $1,131,128 @ 7.0% cap · market cap 8.08%
Second Best
Industrial
$14.89M
$13.03M – $17.37M
NOI $1,042,031 @ 7.0% cap · market cap 7.44%
Theoretical Best
Multifamily LT 5
$25.60M
$22.40M – $29.87M
NOI $1,792,258 @ 7.0% cap · market cap 12.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
779
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 94603, CA
36,681
Population
11,199
Households
3.3
Avg Household Size
32
Median Age
15%
College-Educated
69%
High-School Grad
2.7 sq mi
ZIP Area
13,586
Density / Sq Mi
$71,086
Median Household Income
$37,025
Median Earnings
$1,838
Median Rent
$596,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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- Schaefer's Cold Storage — 9820 D St, Oakland, CA 94603
Frequently Asked Questions
What type of property is this?
Warehouse - 87,768 sqft warehouse in Oakland available for purchase.
Where is this warehouse located?
The property is located at 9957 Medford Ave Oakland, CA.
What is the asking price?
The asking price for this property is $14,000,000.
What are key features of this property?
This property features: 87,768 sqft warehouse available for purchase.; Located in Oakland.; Warehouse property.
