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    Historic Office Building Suite Title is generated by Realmo AI

    1624 Franklin St Suite 1005, Oakland, CA 94612

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    New
    For Lease
    $796/Mo $12 SF/Yr (calc)

    Secure, modernized office space with convenient parking and immediate BART access in Oakland’s Uptown area.

    Type:Office
    Property size:
    796 SF
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 2:18 am

    Property Features for 1624 Franklin St Suite 1005

    General Information

    Standard status
    Active
    Size
    796 SF
    Property subtype
    Office

    We can help!

    Listing Contact
    Amber Merrigan
    Amber Merrigan

    Listing agent Amber Merrigan License #01905162

    Listing office Oakland

    Listing date Jun 3, 2026

    Source Colliers

    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 Oakland

    HighLights

    • Office spaces available at 1624 Franklin Street in Oakland’s Uptown area
    • Suite sizes range from 796 to 2,722 RSF
    • Modernized security systems with secure building access
    • Immediate access to the BART system
    • On‑site parking available
    • Direct access to Uptown’s dining options and cafes

    Overview

    1624 Franklin Street is a historic office building offering available office spaces for lease. The property is set up to support day-to-day tenant operations, with building parking and modernized security systems designed to help ensure secure access. Tenants can expect a comfortable workspace and an attentive property management team.

    The building’s positioning supports quick commuting and convenient routines. The property provides direct access to Uptown’s dining options and cafes, along with convenient parking on-site. It also offers immediate access to the BART system, supporting both employee and visitor arrival.

    Suites are currently available in a range of sizes (from 796 to 2,722 RSF), making the building workable for a variety of office users. The offering is described as suitable for non-profit organizations, law firms, creative tenants, and other professional or office-based teams looking for a secure, managed workspace with straightforward access to transit and everyday amenities. Lease terms and specific suite layouts are available upon request through the managing team.
    Location Intelligence

    Current Use by Public Records

    Yuen Curtis C ... Dental Office Bruce Gretchen J ... Dental Office Dr. Brian Trinh, ... Dental Office Norman Yung, DMD Dental Office Andrew Curcuru Alternative Medicine Practice

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Law Firm Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.268297
    Latitude
    37.8058067

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    FAQs

    What type of property is this?
    Office building - Secure, modernized office space with convenient parking and immediate BART access in Oakland’s Uptown area.
    Where is this office building located?
    The property is located at 1624 Franklin St Suite 1005 Oakland, CA.
    What is the lease rate?
    The lease rate is $796 /Mo.
    What are key features of this property?
    This property features: Office spaces available at 1624 Franklin Street in Oakland’s Uptown area; Suite sizes range from 796 to 2,722 RSF; Modernized security systems with secure building access
    (510) 433-5883
    We can help!
    Listing Contact
    Amber Merrigan
    Amber Merrigan
    Real Estate License ID: 01905162
    Learn More
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    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
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    1624 Franklin St, Suite 1005, Oakland, CA 94612
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