Drive-In Flex
For Sale
$1,500,000
1422 Harrison Street, Oakland, CA 94612
Adaptable office and industrial space offers owner-user customization in a walkable downtown setting.
Property Size8,195 SF
Lot Size0.19 Acres
Price / SF$183.04
Days on Market61
Property Features for 1422 Harrison Street
General Information
Standard status
Active
Size
8,195 SF
Lot size
0.19 Acres
Property subtype
Office
Site & Location
Highway Access
Yes
Public Transit
Yes
Building Details
Building Size
8,195 SF
Year Built
1915
Buildings
1
Units
1
Listing Agency:
NAI Northern California
Listed By:
Kent Mitchell · License #CalDRE #01784628
(510) 919-4919
Source:
Nainorcal
Added: Aug 12
Changed: Oct 6
Last Checked: Oct 11 at 4:46AM
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 NAI Northern California
Investment Insights
Based on property information with market context.
Built in 1984, this 8,195-square-foot flex building occupies an 8,400-square-foot parcel and provides drive-in access with adaptable interior space. The property is positioned for an owner-user or investor seeking to configure an office and industrial environment around specific operational requirements.
The building sits at 1422 Harrison Street in Downtown Oakland, two blocks from Broadway and near Lake Merritt, City Hall, and the central business district. Nearby employment centers include Kaiser Permanente, Alameda County, the State of California, PG&E, and professional services firms. Transportation options include the 12th Street/Oakland City Center and Lake Merritt BART stations, AC Transit bus service, and access to Interstates 880, 980, and 580. The surrounding area also includes Swan's Market, The Lake Chalet, Parche, Delah Coffee, and Modern Coffee.
The building sits at 1422 Harrison Street in Downtown Oakland, two blocks from Broadway and near Lake Merritt, City Hall, and the central business district. Nearby employment centers include Kaiser Permanente, Alameda County, the State of California, PG&E, and professional services firms. Transportation options include the 12th Street/Oakland City Center and Lake Merritt BART stations, AC Transit bus service, and access to Interstates 880, 980, and 580. The surrounding area also includes Swan's Market, The Lake Chalet, Parche, Delah Coffee, and Modern Coffee.
Key Highlights
- 8,195‑square‑foot office/flex building on an 8,400‑square‑foot parcel
- Drive‑in capability and adaptable interior layout
- Constructed in 1984
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,058
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,301,160
$2.3M
Cap Rate 7%
$1,643,686
$1.6M
Cap Rate 9%
$1,278,422
$1.3M
Market Conditions
NOI Build-Up for 8,195 SF
Gross rent
$196.7K $24.00/SF
− Vacancy
−$19.7K −$2.40/SF
EGI
$177.0K $21.60/SF
− OpEx
−$62.0K −$7.56/SF
NOI
$115.1K $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%
$2,301,160
Cap Rate 7%
$1,643,686
Cap Rate 9%
$1,278,422
Alternative Uses
Best Use
Flex RnD
$1.64M
$1.44M – $1.92M
NOI $115,058 @ 7.0% cap · market cap 7.67%
Second Best
Office B
$1.57M
$1.37M – $1.83M
NOI $109,865 @ 7.0% cap · market cap 7.32%
Theoretical Best
Multifamily LT 5
$2.68M
$2.35M – $3.13M
NOI $187,811 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
9,768
Businesses Nearby
Balanced
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
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Adaptable office and industrial space offers owner-user customization in a walkable downtown setting.
Where is this flex space located?
The property is located at 1422 Harrison Street Oakland, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 8,195‑square‑foot office/flex building on an 8,400‑square‑foot parcel; Drive‑in capability and adaptable interior layout; Constructed in 1984
