Mixed-Use Building with Retail
For Sale
$2,995,000
3033 MacArthur Blvd, Oakland, CA 94602
Mixed-use property offering 13,680 SF of commercial space plus 3,850 SF of residential units on 0.52 acres.
Property Size17,530 SF
Lot Size0.52 Acres
Price / SF$170.85
Days on Market65
Property Features for 3033 MacArthur Blvd
General Information
Standard status
Active
Size
17,530 SF
Lot size
0.52 Acres
Property subtype
Retail
Zoning
RU-4
Additional Details
Road Access
Yes
Listing Agency:
Pleasanton
(510) 433-5812
Listed By:
Joe Yamin · License #CA-01327666
(510) 433-5812
Source:
Colliers
Added: Jun 22
Changed: Aug 23
Last Checked: Aug 24 at 3:17AM
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 Pleasanton
Investment Insights
Based on property information with market context.
The property is a mixed-use building featuring 13,680 SF of commercial space and 3,850 SF of residential space. With a flexible overall configuration and prominent street presence, it is structured to support both commercial activity and income generation.
Located at 3033 MacArthur Blvd in Oakland, the building benefits from street frontage and convenient access along a high-traffic East Bay corridor.
The parcel totals 0.52 acres and is zoned RU-4 Urban Residential Zone 4. The listing reflects total gross rent of $301,800 and operating expenses of $94,871, resulting in an indicated net operating income of $206,929 assuming the property is fully leased.
Located at 3033 MacArthur Blvd in Oakland, the building benefits from street frontage and convenient access along a high-traffic East Bay corridor.
The parcel totals 0.52 acres and is zoned RU-4 Urban Residential Zone 4. The listing reflects total gross rent of $301,800 and operating expenses of $94,871, resulting in an indicated net operating income of $206,929 assuming the property is fully leased.
Key Highlights
- Mixed‑use building with 13,680 SF commercial space and 3,850 SF residential units
- Building size approximately 17,530 SF on a 0.52‑acre parcel
- Total gross rent of $301,800 with operating expenses of $94,871
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
$266,105
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
8.88%
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%
$5,322,100
$5.3M
Cap Rate 7%
$3,801,500
$3.8M
Cap Rate 9%
$2,956,722
$3.0M
Market Conditions
NOI Build-Up for 17,530 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
$483.8K $27.60/SF
− Vacancy
−$58.1K −$3.31/SF
EGI
$425.8K $24.29/SF
− OpEx
−$159.7K −$9.11/SF
NOI
$266.1K $15.18/SF
Area
Oakland, CA
Vacancy
12.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
37.50%
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%
$5,322,100
Cap Rate 7%
$3,801,500
Cap Rate 9%
$2,956,722
Alternative Uses
Best Use
Apartment 5plus
$5.29M
$4.63M – $6.17M
NOI $370,147 @ 7.0% cap · market cap 12.36%
Second Best
Retail
$4.86M
$4.25M – $5.66M
NOI $339,893 @ 7.0% cap · market cap 11.35%
Theoretical Best
Multifamily LT 5
$5.74M
$5.02M – $6.70M
NOI $401,748 @ 7.0% cap · market cap 13.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
937
Businesses Nearby
49k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 33%
Apparel 14%
Electronics 5%
Taco Bell
Dining
13,737 visits/mo
0.2 miles
Chevron
Shops & Services
9,768 visits/mo
0.3 miles
Goodwill
Apparel
6,834 visits/mo
0.3 miles
Wingstop
Dining
4,715 visits/mo
0.5 miles
Shell
Shops & Services
3,663 visits/mo
0.3 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Mixed-use property offering 13,680 SF of commercial space plus 3,850 SF of residential units on 0.52 acres.
Where is this retail space located?
The property is located at 3033 MacArthur Blvd Oakland, CA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Mixed‑use building with 13,680 SF commercial space and 3,850 SF residential units; Building size approximately 17,530 SF on a 0.52‑acre parcel; Total gross rent of $301,800 with operating expenses of $94,871
