3-Story Flex Warehouse
For Sale
$1,790,000
1401 International Boulevard, Oakland, CA 94606
Vacant 3-story building with first-floor showrooms, upper warehouse space, freight elevator, and four loading docks.
Property Size8,832 SF
Price / SF$165.25
Days on Market87
Property Features for 1401 International Boulevard
General Information
Standard status
Active
Size
8,832 SF
Property subtype
Mixed Use
Additional Details
Highway Access
Yes
Dock-High Doors
4
Building Details
Building Size
8,832 SF
Stories
3
Listing Agency:
Real Brokerage Technologies
Listed By:
Cecilia Z Mu · License #01876480
(619) 248-6434
Source:
Bonniespindler
Added: Jun 10
Changed: Aug 24
Last Checked: Sep 1 at 11:01PM
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 Real Brokerage Technologies
Investment Insights
Based on property information with market context.
This vacant 3-story commercial building is configured with first-floor showrooms and 2nd- and 3rd-floor warehouse space. The property includes a freight elevator and four truck door loading docks, supporting both showroom presentation and back-of-house operations. It is currently set up to accommodate a kitchen cabinets and bath business plus warehouse use, and the building is delivered vacant.
Located at the corner of International Blvd and 14th Ave in Oakland, the property provides access to Highways 880 and 580 and is in proximity to the Port of Oakland.
The combination of showroom space, multi-level warehouse layout, and loading infrastructure makes the building well suited for owner-occupancy or investment.
Located at the corner of International Blvd and 14th Ave in Oakland, the property provides access to Highways 880 and 580 and is in proximity to the Port of Oakland.
The combination of showroom space, multi-level warehouse layout, and loading infrastructure makes the building well suited for owner-occupancy or investment.
Key Highlights
- Vacant 3‑story commercial building totaling 10,832 SF on an 11,690 SF lot
- Corner location on International Blvd and 14th Ave near the Port of Oakland
- 4 truck door loading docks plus a freight elevator serving 2nd and 3rd floor warehouse space
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
$109,382
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
6.11%
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%
$2,187,640
$2.2M
Cap Rate 7%
$1,562,600
$1.6M
Cap Rate 9%
$1,215,356
$1.2M
Market Conditions
NOI Build-Up for 10,832 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
$143.0K $13.20/SF
− Vacancy
−$14.3K −$1.32/SF
EGI
$128.7K $11.88/SF
− OpEx
−$19.3K −$1.78/SF
NOI
$109.4K $10.10/SF
Area
ZIP 94606
Vacancy
10.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
15.00%
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%
$2,187,640
Cap Rate 7%
$1,562,600
Cap Rate 9%
$1,215,356
Alternative Uses
Best Use
Warehouse
$1.56M
$1.37M – $1.82M
NOI $109,382 @ 7.0% cap · market cap 6.11%
Second Best
Flex RnD
$1.49M
$1.30M – $1.73M
NOI $104,091 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$4.93M
$4.32M – $5.76M
NOI $345,404 @ 7.0% cap · market cap 19.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Dock-high doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,617
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 94606, CA
40,768
Population
17,457
Households
2.3
Avg Household Size
37
Median Age
40%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
17,725
Density / Sq Mi
$70,769
Median Household Income
$47,558
Median Earnings
$1,775
Median Rent
$747,600
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Vacant 3-story building with first-floor showrooms, upper warehouse space, freight elevator, and four loading docks.
Where is this flex space located?
The property is located at 1401 International Boulevard Oakland, CA.
What is the asking price?
The asking price for this property is $1,790,000.
What are key features of this property?
This property features: Vacant 3‑story commercial building totaling 10,832 SF on an 11,690 SF lot; Corner location on International Blvd and 14th Ave near the Port of Oakland; 4 truck door loading docks plus a freight elevator serving 2nd and 3rd floor warehouse space
