Boutique Creative Office
For Sale
Contact for pricing
1451 Leimert Blvd, Oakland, CA 94602
Boutique creative office building offered for sale at 1451 Leimert Blvd.
Property Size5,000 SF
Price / SF$390
Days on Market98
Property Features for 1451 Leimert Blvd
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Office
Investment Type
Owner/User
Site & Location
Neighborhood
Oakmore
Building Details
Stories
2
Listing Agency:
Wells & Bennett Realtors - Oakland
Listed By:
Kelly Klingler · License #CA 01052191
(925) 550-9540
Source:
Crexi
Added: Jul 18
Changed: Oct 18
Last Checked: Oct 20 at 8:43PM
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 Wells & Bennett Realtors - Oakland
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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.
This boutique office/creative commercial building is offered for sale with an emphasis on character and flexibility for owner-users. The property is positioned as a smaller, non-commodity office option relative to large downtown tower competition.
The building is located at 1451 Leimert Blvd in Oakland, with Oakland Hills proximity noted in the property description.
Additional operational details such as unit mix, layout, or improvements are not provided in the available information.
The building is located at 1451 Leimert Blvd in Oakland, with Oakland Hills proximity noted in the property description.
Additional operational details such as unit mix, layout, or improvements are not provided in the available information.
Key Highlights
- Boutique creative office building for sale at 1451 Leimert Blvd.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,032
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,340,640
$1.3M
Cap Rate 7%
$957,600
$957.6K
Cap Rate 9%
$744,800
$744.8K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$117.6K $23.52/SF
− Vacancy
−$28.2K −$5.64/SF
EGI
$89.4K $17.88/SF
− OpEx
−$22.3K −$4.47/SF
NOI
$67.0K $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%
$1,340,640
Cap Rate 7%
$957,600
Cap Rate 9%
$744,800
Alternative Uses
Best Use
Office B
$957.6K
$837.9K – $1.12M
NOI $67,032 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.64M
$1.43M – $1.91M
NOI $114,589 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
657
Businesses Nearby
Explore this area
Business Placement
Demographics for 94602, CA
29,702
Population
13,072
Households
2.3
Avg Household Size
42
Median Age
58%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
8,251
Density / Sq Mi
$124,744
Median Household Income
$65,401
Median Earnings
$1,924
Median Rent
$1,111,800
Median Home Value
Check the figures for this property
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?
Creative space - Boutique creative office building offered for sale at 1451 Leimert Blvd.
Where is this creative space located?
The property is located at 1451 Leimert Blvd Oakland, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Boutique creative office building for sale at 1451 Leimert Blvd.
