Mixed-Use Redevelopment
For Sale
Contact for pricing
1717–1727 64th St, Emeryville, CA 94608
Three income-producing buildings sit on a mixed-use residential zoned site adjacent to I-80.
Property Size18,296 SF
Lot Size0.58 Acres
Price / SF$273.28
Days on Market1553
Property Features for 1717–1727 64th St
General Information
Standard status
Active
Size
18,296 SF
Lot size
0.58 Acres
Property subtype
Retail, Office, Industrial
Zoning
MUR – Mixed Use with Residential
Additional Details
Highway Access
Yes
Building Details
Year Built
1993
Buildings
3
Stories
1
Listing Agency:
Colliers - Oakland, California
(510) 986-6770
Listed By:
Sid Ewing · License #CA 01179264
Source:
Crexi
Added: May 11, 2022
Changed: Aug 7
Last Checked: Aug 9 at 12:10PM
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 Colliers - Oakland, California
Investment Insights
Based on property information with market context.
The property comprises three buildings on a single site with very short-term leases in place: a 2,000 SF warehouse at 1717 64th Street, a 5,250 SF office building at 1719 64th Street, and an 11,046 SF office building at 1727 64th Street. The site is described as offering redevelopment opportunity for a mixed-use multifamily project.
The property is adjacent to I-80 and described as having dramatic views. The site is zoned MUR (Mixed Use Residential). The land size is provided as 25,210 SF (0.58 acres), and there is no parking minimum requirement and no setback requirements for the site.
Development parameters are stated as FAR base 2.0 with bonus 4.0 and up to 100 maximum bonus points (with inclusionary requirements of 12.5%–17%). The information provided states the site can be developed into a 100’ tall mixed-use multifamily development with 78 units, and outlines a baseline of 70 units/acre with the potential to increase to 135 units/acre with bonus.
The property is adjacent to I-80 and described as having dramatic views. The site is zoned MUR (Mixed Use Residential). The land size is provided as 25,210 SF (0.58 acres), and there is no parking minimum requirement and no setback requirements for the site.
Development parameters are stated as FAR base 2.0 with bonus 4.0 and up to 100 maximum bonus points (with inclusionary requirements of 12.5%–17%). The information provided states the site can be developed into a 100’ tall mixed-use multifamily development with 78 units, and outlines a baseline of 70 units/acre with the potential to increase to 135 units/acre with bonus.
Key Highlights
- Three buildings totaling 25,210 SF on a 0.58‑acre site at 1717–1727 64th Street, Emeryville
- Buildings include a 2,000 SF warehouse (1717 64th St), 5,250 SF office building (1719 64th St), and 11,046 SF office building (1727 64th St)
- Site is zoned MUR – Mixed Use Residential with no parking minimum requirement reported
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
$369,746
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
7.39%
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%
$7,394,920
$7.4M
Cap Rate 7%
$5,282,086
$5.3M
Cap Rate 9%
$4,108,289
$4.1M
Market Conditions
NOI Build-Up for 18,296 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
$660.9K $36.12/SF
− Vacancy
−$167.9K −$9.17/SF
EGI
$493.0K $26.95/SF
− OpEx
−$123.2K −$6.74/SF
NOI
$369.7K $20.21/SF
Area
Alameda County, CA
Vacancy
25.40%
Lease Rate
$36.12 /SF/Yr
Expense Ratio
25.00%
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%
$7,394,920
Cap Rate 7%
$5,282,086
Cap Rate 9%
$4,108,289
Alternative Uses
Best Use
Office B
$5.28M
$4.62M – $6.16M
NOI $369,746 @ 7.0% cap · market cap 7.39%
Second Best
Warehouse
$3.99M
$3.49M – $4.65M
NOI $279,182 @ 7.0% cap · market cap 5.58%
Theoretical Best
Retail
$83.41M
$72.98M – $97.31M
NOI $5,838,738 @ 7.0% cap · market cap 116.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,815
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 94608, CA
33,073
Population
17,956
Households
1.8
Avg Household Size
36
Median Age
64%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
11,812
Density / Sq Mi
$116,306
Median Household Income
$73,845
Median Earnings
$2,561
Median Rent
$826,900
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?
Flex space - Three income-producing buildings sit on a mixed-use residential zoned site adjacent to I-80.
Where is this flex space located?
The property is located at 1717–1727 64th St Emeryville, CA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Three buildings totaling 25,210 SF on a 0.58‑acre site at 1717–1727 64th Street, Emeryville; Buildings include a 2,000 SF warehouse (1717 64th St), 5,250 SF office building (1719 64th St), and 11,046 SF office building (1727 64th St); Site is zoned MUR – Mixed Use Residential with no parking minimum requirement reported
