Ground-Floor Retail
1515 14Th Ave #C1 #C1, Oakland, CA 94606
For Sale
$599,999
An adaptable interior pairs an open retail area with separate rooms, four assigned parking spaces, and secured garage storage.
Property Size2,076 SF
Price / SF$289.02
Days on Market9
Property Features for 1515 14Th Ave #C1 #C1
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Floor
Amenities
storage room
Building Details
Year Built
Listing Agency:
CT SQUARE, INC
(415) 238-8630
Listed By:
CATHERINE LEE · License #01937003
(650) 436-9912
Source:
Corcoran
Added: Oct 30
Changed: Nov 6
Last Checked: Nov 6 at 9:06AM
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 2,076-square-foot retail condominium occupies the ground floor of a mixed-use development in Oakland’s Eastlake district. Built in 2004, the space includes an open main area and partitioned rooms that can accommodate office, storage, or treatment functions. Any use is subject to the development’s CCRs.
The property is near Lake Merritt, with access to major thoroughfares, public transit, and area amenities. Four assigned parking spaces are included, along with a storage room in the secured garage, accessible from inside the building.
The property is near Lake Merritt, with access to major thoroughfares, public transit, and area amenities. Four assigned parking spaces are included, along with a storage room in the secured garage, accessible from inside the building.
Key Highlights
- 2,076‑square‑foot ground‑floor retail condominium, built in 2004
- Open main area with partitioned rooms for office, storage, or treatment functions, subject to CCRs
- Four assigned parking spaces and a storage room in a secured garage with interior access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,569
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$591,380
$591.4K
Cap Rate 7%
$422,414
$422.4K
Cap Rate 9%
$328,544
$328.5K
Market Conditions
NOI Build-Up for 2,076 SF
Gross rent
$44.8K $21.60/SF
− Vacancy
−$2.6K −$1.25/SF
EGI
$42.2K $20.35/SF
− OpEx
−$12.7K −$6.10/SF
NOI
$29.6K $14.24/SF
Area
ZIP 94606
Vacancy
5.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$591,380
Cap Rate 7%
$422,414
Cap Rate 9%
$328,544
Alternative Uses
Best Use
Retail
$422.4K
$369.6K – $492.8K
NOI $29,569 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$945.7K
$827.5K – $1.10M
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
Current Use
Location Intelligence
Trade Area within ½ mile
1,617
Businesses Nearby
41k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Dining 39%
Hotels & Casinos 19%
Burger King
Dining
15,991 visits/mo
0.1 miles
76
Shops & Services
14,162 visits/mo
0.5 miles
Homewood Suites by Hilton Oakland-Waterfront
Hotels & Casinos
3,728 visits/mo
0.4 miles
Motel 6
Hotels & Casinos
2,216 visits/mo
0.3 miles
Best Western Plus Bayside Hotel
Hotels & Casinos
1,789 visits/mo
0.2 miles
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
$747,600
Median Home Value
Market
Average Price Trend$/SF for Retail space in Oakland, CA
Properties on Market for Retail space in Oakland
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - An adaptable interior pairs an open retail area with separate rooms, four assigned parking spaces, and secured garage storage.
Where is this retail space located?
The property is located at 1515 14Th Ave #C1 #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: 2,076‑square‑foot ground‑floor retail condominium, built in 2004; Open main area with partitioned rooms for office, storage, or treatment functions, subject to CCRs; Four assigned parking spaces and a storage room in a secured garage with interior access
