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 Market680
Property Features for 401 Roland Way
General Information
Standard status
Active
Size
21,179 SF
Total Parking Spaces
120
Property subtype
OFFICE
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: Aug 13
Last Checked: Sep 8 at 10:02AM
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
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
$283,934
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
5.92%
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%
$5,678,680
$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
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
$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 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%
$5,678,680
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,092
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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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
