Office Unit with
For Sale
Contact for pricing
1724 Mandela Parkway #5, Oakland, CA 94607
A two-level layout combines a storefront entry, mezzanine, utility sink, and resealed concrete floors.
Property Size10,266 SF
Price / SF$0.42
Days on Market126
Property Features for 1724 Mandela Parkway #5
General Information
Standard status
Active
Size
10,266 SF
Property subtype
Comm Ind For Lease
Site & Location
Neighborhood
West Oakland
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Floor
Ground Floor, 2
Tenant in Place
Yes
Property Use
Office
Building Details
Year Built
1951
Tenancy
Multi
Listing Agency:
JPN Realty
Listed By:
Javier Padilla
Source:
Jpnrealty
Added: Jun 27
Changed: Oct 28
Last Checked: Oct 28 at 3:50PM
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 JPN Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office unit at 1724 Mandela Parkway #5 occupies ground and second-floor levels, with a mezzanine and storefront entry. The approximately 2,100-square-foot space also includes a utility sink, resealed concrete flooring, and signage. Its floor plan is described as flexible, and the building was constructed in 1951.
The property is within walking and biking distance of West Oakland BART via the Mandela Parkway path. Access to the Bay Bridge, I-580, and I-880 is noted. Nearby amenities include Nunu’s Café, Prescott Market, Pacific Pipe Climbing, restaurants, coffee shops, and fitness facilities. Other occupants include a law office, architectural firm, café, and fitness business.
The stated lease structure is modified gross, with a term of 2 to 5 years.
The property is within walking and biking distance of West Oakland BART via the Mandela Parkway path. Access to the Bay Bridge, I-580, and I-880 is noted. Nearby amenities include Nunu’s Café, Prescott Market, Pacific Pipe Climbing, restaurants, coffee shops, and fitness facilities. Other occupants include a law office, architectural firm, café, and fitness business.
The stated lease structure is modified gross, with a term of 2 to 5 years.
Key Highlights
- Approximately 2,100‑square‑foot office unit across ground and second floors
- Mezzanine, storefront entry, utility sink, and resealed concrete flooring
- Walking and biking route to West Oakland BART via the Mandela Parkway path
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,630
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,752,600
$2.8M
Cap Rate 7%
$1,966,143
$2.0M
Cap Rate 9%
$1,529,222
$1.5M
Market Conditions
NOI Build-Up for 10,266 SF
Gross rent
$241.5K $23.52/SF
− Vacancy
−$57.9K −$5.64/SF
EGI
$183.5K $17.88/SF
− OpEx
−$45.9K −$4.47/SF
NOI
$137.6K $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%
$2,752,600
Cap Rate 7%
$1,966,143
Cap Rate 9%
$1,529,222
Alternative Uses
Best Use
Office B
$1.97M
$1.72M – $2.29M
NOI $137,630 @ 7.0% cap · market cap 3,200.70%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$3.36M
$2.94M – $3.92M
NOI $235,274 @ 7.0% cap · market cap 5,471.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,388
Businesses Nearby
Explore this area
Business Placement
Demographics for 94607, CA
31,067
Population
14,362
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
86%
High-School Grad
5.9 sq mi
ZIP Area
5,266
Density / Sq Mi
$87,937
Median Household Income
$67,107
Median Earnings
$1,875
Median Rent
$744,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - A two-level layout combines a storefront entry, mezzanine, utility sink, and resealed concrete floors.
Where is this office unit located?
The property is located at 1724 Mandela Parkway #5 Oakland, CA.
What are key features of this property?
This property features: Approximately 2,100‑square‑foot office unit across ground and second floors; Mezzanine, storefront entry, utility sink, and resealed concrete flooring; Walking and biking route to West Oakland BART via the Mandela Parkway path
