Retail Storefront with Rear
For Sale
$590,000
1624 International Boulevard, Oakland, CA 94606
Retail storefront with two street frontages, parking access from Marina Way, and an on-site ADU restroom.
Property Size1,550 SF
Days on Market72
Property Features for 1624 International Boulevard
General Information
Standard status
Active
Size
1,550 SF
Property subtype
Retail
Building Details
Building Size
1,550 SF
Listing Agency:
Richard Chiu, Broker
Listed By:
Richard Y Chiu
(415) 860-3403
Source:
Bonniespindler
Added: Jun 29
Changed: Aug 23
Last Checked: Sep 7 at 9:51AM
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 Richard Chiu, Broker
Investment Insights
Based on property information with market context.
This retail storefront property offers two street frontages and includes a rear yard area accessed from Marina Way. The space has been used as a restaurant in the past, and the front store presents a wide range of potential uses. A vacant retail space is also described as including an ADU restroom.
Offered for sale with RU-5 zoning, the rear area on Marin Way is noted as having potential for building multi-units, with active ground-floor businesses along major transit corridors.
The property includes parking spaces, with access and utility coming from Marina Way and activity oriented toward both street frontages for visibility and storefront presentation.
Offered for sale with RU-5 zoning, the rear area on Marin Way is noted as having potential for building multi-units, with active ground-floor businesses along major transit corridors.
The property includes parking spaces, with access and utility coming from Marina Way and activity oriented toward both street frontages for visibility and storefront presentation.
Key Highlights
- Retail storefront with two street frontages
- Parking and rear yard access from Marina Way
- Vacant retail space with an on‑site ADU restroom
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
$22,077
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
3.74%
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%
$441,540
$441.5K
Cap Rate 7%
$315,386
$315.4K
Cap Rate 9%
$245,300
$245.3K
Market Conditions
NOI Build-Up for 1,550 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
$33.5K $21.60/SF
− Vacancy
−$1.9K −$1.25/SF
EGI
$31.5K $20.35/SF
− OpEx
−$9.5K −$6.10/SF
NOI
$22.1K $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 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%
$441,540
Cap Rate 7%
$315,386
Cap Rate 9%
$245,300
Alternative Uses
Best Use
Retail
$315.4K
$276.0K – $368.0K
NOI $22,077 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$706.1K
$617.8K – $823.8K
NOI $49,425 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,649
Businesses Nearby
36k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Dining 44%
Hotels & Casinos 11%
Burger King
Dining
15,991 visits/mo
0.2 miles
76
Shops & Services
14,162 visits/mo
0.4 miles
Motel 6
Hotels & Casinos
2,216 visits/mo
0.4 miles
Best Western Plus Bayside Hotel
Hotels & Casinos
1,789 visits/mo
0.3 miles
Public Storage
Shops & Services
1,330 visits/mo
0.3 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
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Lei Company Cooperative — 2700 International Blvd Suite 33, Oakland, CA 94601
- Nathalie Beauty Flower — 827 International Blvd, Oakland, CA 94606
Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefront with two street frontages, parking access from Marina Way, and an on-site ADU restroom.
Where is this storefront property located?
The property is located at 1624 International Boulevard Oakland, CA.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Retail storefront with two street frontages; Parking and rear yard access from Marina Way; Vacant retail space with an on‑site ADU restroom
