Elevator-Served Two-Story Office
401 Roland Way Oakland, CA 94621
For Sale
Contact for pricing
Two-story office building with elevator service, new HVAC, and upgraded common areas, plus approximately 120 parking spaces.
Property Size21,179 SF
Price / SF$226.64
Days on Market635
Property Features for 401 Roland Way
General Information
- Standard status
- Active
- Size
- 21,179 SF
- Property subtype
- OFFICE
Listing Agency:
California Capital & Investment Group
(510) 610-5178
Listed By:
Michael McGuire
(510) 910-1037
Source:
Moodyscre
Added: Oct 30, 2024
Changed: Jul 25
Last Checked: Jul 25 at 4:24PM
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 California Capital & Investment Group
Investment Insights
Based on property information with market context.
The property is a two-story office building that is elevator served and configured for tenant use. Building systems have been substantially upgraded, including a brand-new HVAC system with off-site app control to tenant spaces. Recent common area improvements include new flooring and paint.
The building provides approximately 120 parking spaces, with a stated ratio of about 3 spaces per 1,000 square feet.
This is positioned as a large owner/user opportunity, offering a substantial footprint in an office building with dedicated parking and modernized building systems.
The building provides approximately 120 parking spaces, with a stated ratio of about 3 spaces per 1,000 square feet.
This is positioned as a large owner/user opportunity, offering a substantial footprint in an office building with dedicated parking and modernized building systems.
Key Highlights
- Two‑story office building with elevator service
- New HVAC system installed with off‑site app control to tenant spaces
- Substantial common area upgrades, including new flooring and paint
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $498.1k | $23.52 |
| − Vacancy | −$119.6k | −$5.64 |
| EGI | $378.6k | $17.88 |
| − OpEx | −$94.6k | −$4.47 |
| NOI | $283.9k | $13.41 |
21,179 SF · lease $23.52/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.06M
$3.55M – $4.73M
NOI $283,934 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$6.93M
$6.07M – $8.09M
NOI $485,375 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Professional In Home TV ...
Computer & Electronic Repair
Tabetai Inc
Grocery & Convenience Store
Alternative Family Services
Child Welfare Organization
Evangelical Lutheran Church
Church
IdentoGO TSA Precheck ...
Fingerprinting Service
FAQs
What type of property is this?
Office building - Two-story office building with elevator service, new HVAC, and upgraded common areas, plus approximately 120 parking spaces.
Where is this office building located?
The property is located at 401 Roland Way Oakland, CA.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: Two‑story office building with elevator service; New HVAC system installed with off‑site app control to tenant spaces; Substantial common area upgrades, including new flooring and paint
