Building Details

Year Built 2004

Listing Agency: CT Square, Inc

Listed By: Catherine Lee · License #01937003 Show Phone

Source: Myfabuloushome

Added: Jul 25 Changed: Oct 1 Last Checked: Oct 7 at 3:12PM

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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 CT Square, Inc

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Investment Insights

Based on property information with market context.

This approximately 2,076-square-foot ground-floor commercial condominium was built in 2004 and offers a versatile interior arrangement. The floor plan combines an open customer-facing area with several enclosed rooms that can function as offices, storage, or treatment rooms. The property is suitable for retail, office, or service-oriented use subject to applicable CC&Rs, with adaptability for an owner-user or investor.

The unit is part of a mixed-use development in Oakland’s Eastlake district, near Lake Merritt. Public transit, major thoroughfares, and area amenities are accessible from the property. Four assigned parking spaces and an additional storage room are located in a secured garage with interior access.

Key Highlights

• Approximately 2,076 square feet of ground‑floor commercial space
• Built in 2004 with an open retail area and multiple partitioned rooms
• Retail, office, and service‑oriented uses subject to CC&Rs

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,154

Cap Rate

6.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$723,080 $723.1K

Cap Rate 7%

$516,486 $516.5K

Cap Rate 9%

$401,711 $401.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,076 SF

Gross rent

$62.3K $30.00/SF

− Vacancy

−$14.1K −$6.78/SF

EGI

$48.2K $23.22/SF

− OpEx

−$12.1K −$5.81/SF

NOI

$36.2K $17.42/SF

Area

ZIP 94606

Vacancy

22.60%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$723,080

Cap Rate 7%

$516,486

Cap Rate 9%

$401,711

Alternative Uses

Best Use

Office B

$516.5K

$451.9K – $602.6K (±1% cap)

NOI $36,154 @ 7.0% cap · market cap 6.03%

Second Best

Retail

$422.4K

$369.6K – $492.8K (±1% cap)

NOI $29,569 @ 7.0% cap · market cap 4.93%

Theoretical Best

Office A

$945.7K

$827.5K – $1.10M (±1% cap)

NOI $66,198 @ 7.0% cap · market cap 11.03%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

dankandshrooms.com (Bike/Boat/Book/etc) Store Hempire (Bike/Boat/Book/etc) Store Italy's Flowers (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Law Firm Electrical Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,518

Businesses Nearby

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 Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Flexible commercial condominium with separate rooms, secured parking, and interior garage access in Oakland’s Eastlake district.

Where is this retail space located?

The property is located at 1515 14th Ave #c1 Oakland, CA.

What is the asking price?

The asking price for this property is $599,999.

What are key features of this property?

This property features: Approximately 2,076 square feet of ground‑floor commercial space; Built in 2004 with an open retail area and multiple partitioned rooms; Retail, office, and service‑oriented uses subject to CC&Rs