Elevator-Served Two-Story Office
For Sale
Contact for pricing
401 Roland Way, Oakland, CA 94621
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 Market725
Property Features for 401 Roland Way
General Information
Standard status
Active
Size
21,179 SF
Total Parking Spaces
120
Property subtype
OFFICE
Site & Location
Neighborhood
Elmhurst
Building Details
Stories
2
Listing Agency:
California Capital & Investment Group
(510) 268-8500
Listed By:
Gary Bettencourt
(510) 610-5178
Source:
Moodyscre
Added: Oct 30, 2024
Changed: Oct 15
Last Checked: Oct 23 at 10:57AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$283,934
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,678,680
$5.7M
Cap Rate 7%
$4,056,200
$4.1M
Cap Rate 9%
$3,154,822
$3.2M
Market Conditions
NOI Build-Up for 21,179 SF
Gross rent
$498.1K $23.52/SF
− Vacancy
−$119.6K −$5.64/SF
EGI
$378.6K $17.88/SF
− OpEx
−$94.6K −$4.47/SF
NOI
$283.9K $13.41/SF
Area
Oakland, CA
Vacancy
24.00%
Lease Rate
$23.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,678,680
Cap Rate 7%
$4,056,200
Cap Rate 9%
$3,154,822
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,092
Businesses Nearby
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Business Placement
Demographics for 94621, CA
35,816
Population
11,078
Households
3.2
Avg Household Size
32
Median Age
13%
College-Educated
67%
High-School Grad
8.5 sq mi
ZIP Area
4,214
Density / Sq Mi
$53,106
Median Household Income
$35,199
Median Earnings
$1,527
Median Rent
$537,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
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
