Two Adjoining Warehouse
For Sale
Contact for pricing
2303-2311 Martin Luther King Jr Way, Oakland, CA 94612
Hard-corner industrial property with two adjoining warehouses, roll-up doors, and built-out offices with ADA restrooms.
Property Size10,000 SF
Price / SF$160
Days on Market543
Property Features for 2303-2311 Martin Luther King Jr Way
General Information
Standard status
Active
Size
10,000 SF
Property subtype
INDUSTRIAL
Site & Location
Neighborhood
Northgate
Listing Agency:
Lee & Associates | San Francisco
(415) 523-1080
Listed By:
Jeffrey Ida · License ##01826381
(415) 828-7679
Source:
Moodyscre
Added: May 8, 2025
Changed: Oct 25
Last Checked: Oct 30 at 3:54PM
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 Lee & Associates | San Francisco
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property consists of two adjoining ±15,000 SF warehouse buildings, totaling 10,000 SF across two separate parcels. Each building is a standalone hard-corner structure with two roll-up doors and 16’ clear height. Interior improvements include fully built-out offices and ADA restrooms. Security features include secure windows and security cameras.
Convenient access to area freeways and the Bay Bridge is highlighted for connectivity.
With two roll-up doors, built-out office space, and on-site ADA restrooms, the configuration supports combined warehouse and office use within a secure, self-contained setup.
Convenient access to area freeways and the Bay Bridge is highlighted for connectivity.
With two roll-up doors, built-out office space, and on-site ADA restrooms, the configuration supports combined warehouse and office use within a secure, self-contained setup.
Key Highlights
- Two adjoining ±10,000 SF warehouses on two separate parcels (total ±10,000 SF)
- Hard‑corner standalone industrial building with convenient access to freeways and the Bay Bridge
- Two roll‑up doors for warehouse access and operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,400
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,808,000
$2.8M
Cap Rate 7%
$2,005,714
$2.0M
Cap Rate 9%
$1,560,000
$1.6M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$240.0K $24.00/SF
− Vacancy
−$24.0K −$2.40/SF
EGI
$216.0K $21.60/SF
− OpEx
−$75.6K −$7.56/SF
NOI
$140.4K $14.04/SF
Area
Oakland, CA
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,808,000
Cap Rate 7%
$2,005,714
Cap Rate 9%
$1,560,000
Alternative Uses
Best Use
Warehouse
$2.12M
$1.86M – $2.48M
NOI $148,557 @ 7.0% cap · market cap 9.28%
Second Best
Flex RnD
$2.01M
$1.76M – $2.34M
NOI $140,400 @ 7.0% cap · market cap 8.77%
Theoretical Best
Multifamily LT 5
$3.27M
$2.86M – $3.82M
NOI $229,178 @ 7.0% cap · market cap 14.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8,202
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94612, CA
19,773
Population
11,928
Households
1.7
Avg Household Size
38
Median Age
54%
College-Educated
87%
High-School Grad
1.0 sq mi
ZIP Area
19,773
Density / Sq Mi
$77,069
Median Household Income
$70,221
Median Earnings
$1,936
Median Rent
$814,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
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- Blakney And Son Co — 1530 harrison st, oakland, ca 94612
- Oakland Shredding and Records Storage — 519 17th St, Oakland, CA 94612
Frequently Asked Questions
What type of property is this?
Warehouse - Hard-corner industrial property with two adjoining warehouses, roll-up doors, and built-out offices with ADA restrooms.
Where is this warehouse located?
The property is located at 2303-2311 Martin Luther King Jr Way Oakland, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Two adjoining ±10,000 SF warehouses on two separate parcels (total ±10,000 SF); Hard‑corner standalone industrial building with convenient access to freeways and the Bay Bridge; Two roll‑up doors for warehouse access and operations
