Five-Unit Office/Retail
For Sale
$675,000
1719 Jefferson Street, Oakland, CA 94612
Five-unit office and retail building with 2nd-level mezzanine space in each unit.
Property Size2,942 SF
Price / SF$229.44
Days on Market124
Property Features for 1719 Jefferson Street
General Information
Standard status
Active
Size
2,942 SF
Property subtype
General Commercial
Amenities
Window/Wall Unit
3
Building Details
Year Built
1924
Listing Agency:
Bruce H. Bean, Broker
(650) 685-1644
Listed By:
Suheil Sahouria · License #01408008
(650) 333-5092
Source:
Xome
Added: May 5
Changed: Sep 2
Last Checked: Sep 4 at 2:12AM
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 Bruce H. Bean, Broker
Investment Insights
Based on property information with market context.
This for-sale, five-unit office/retail building presents an owner-user opportunity with flexibility to configure one to five separate units. Each unit includes a 2nd-level mezzanine, providing additional internal space within the existing layout.
The property is located at 1719 Jefferson Street in Oakland, positioned about two blocks east of Telegraph Avenue and near CA 980 to the west. This central setting supports a mix of service and professional office uses.
With mezzanines throughout and a building design that can accommodate multiple demised units, the property is well suited for tenants or an owner planning a customized split between office and retail-type spaces.
The property is located at 1719 Jefferson Street in Oakland, positioned about two blocks east of Telegraph Avenue and near CA 980 to the west. This central setting supports a mix of service and professional office uses.
With mezzanines throughout and a building design that can accommodate multiple demised units, the property is well suited for tenants or an owner planning a customized split between office and retail-type spaces.
Key Highlights
- Five‑unit office and retail building in downtown Oakland
- Zoned CN
- Year built: 1924
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
$57,043
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
8.45%
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%
$1,140,860
$1.1M
Cap Rate 7%
$814,900
$814.9K
Cap Rate 9%
$633,811
$633.8K
Market Conditions
NOI Build-Up for 2,942 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
$86.1K $29.28/SF
− Vacancy
−$4.7K −$1.58/SF
EGI
$81.5K $27.70/SF
− OpEx
−$24.4K −$8.31/SF
NOI
$57.0K $19.39/SF
Area
Oakland, CA
Vacancy
5.40%
Lease Rate
$29.28 /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%
$1,140,860
Cap Rate 7%
$814,900
Cap Rate 9%
$633,811
Alternative Uses
Best Use
Retail
$814.9K
$713.0K – $950.7K
NOI $57,043 @ 7.0% cap · market cap 8.45%
Second Best
Office B
$563.5K
$493.0K – $657.4K
NOI $39,442 @ 7.0% cap · market cap 5.84%
Theoretical Best
Multifamily LT 5
$963.2K
$842.8K – $1.12M
NOI $67,424 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
9,007
Businesses Nearby
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Five-unit office and retail building with 2nd-level mezzanine space in each unit.
Where is this office units located?
The property is located at 1719 Jefferson Street Oakland, CA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Five‑unit office and retail building in downtown Oakland; Zoned CN; Year built: 1924
