Corner-Lot Mixed-Use
New
For Sale
$1,395,000
1846 Foothill Blvd, Oakland, CA 94606
A 1932-built corner property with wall-furnace heating and on-street parking.
Property Size3,879 SF
Price / SF$359.63
Days on Market3
Property Features for 1846 Foothill Blvd
General Information
Standard status
Active
Size
3,879 SF
Property subtype
Residential Income
Additional Details
Corner Location
Yes
Amenities
Wall Furnace
On Street
Building Details
Building Size
3,879 SF
Year Built
1932
Listing Agency:
NAI Northern California
(510) 336-4719
Listed By:
Timothy Warren · License #02008347
(510) 336-4719
Source:
Evrealestate
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 10 at 3:43AM
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 NAI Northern California
Investment Insights
Based on property information with market context.
This mixed-use property is positioned on a corner lot at 1846 Foothill Blvd in Oakland. Built in 1932, the building includes wall-furnace heating, while exterior features include on-street parking. The property is located near 19th Ave in Alameda County, providing a recognizable urban setting for a mixed-use asset.
Key Highlights
- Mixed‑use property on a corner lot
- 3,879 property size
- Built in 1932
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
$76,209
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
5.46%
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%
$1,524,180
$1.5M
Cap Rate 7%
$1,088,700
$1.1M
Cap Rate 9%
$846,767
$846.8K
Market Conditions
NOI Build-Up for 3,879 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
$146.6K $37.80/SF
− Vacancy
−$8.1K −$2.08/SF
EGI
$138.6K $35.72/SF
− OpEx
−$62.4K −$16.07/SF
NOI
$76.2K $19.65/SF
Area
ZIP 94606
Vacancy
5.50%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
45.00%
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%
$1,524,180
Cap Rate 7%
$1,088,700
Cap Rate 9%
$846,767
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$952.6K – $1.27M
NOI $76,209 @ 7.0% cap · market cap 5.46%
Second Best
Mixed Use
$822.9K
$720.0K – $960.1K
NOI $57,603 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,691 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,548
Businesses Nearby
35k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 44%
Hotels & Casinos 11%
Burger King
Dining
15,991 visits/mo
0.4 miles
76
Shops & Services
14,162 visits/mo
0.3 miles
Motel 6
Hotels & Casinos
2,216 visits/mo
0.4 miles
Best Western Plus Bayside Hotel
Hotels & Casinos
1,789 visits/mo
0.5 miles
Public Storage
Shops & Services
1,330 visits/mo
0.4 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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A 1932-built corner property with wall-furnace heating and on-street parking.
Where is this mixed-use property located?
The property is located at 1846 Foothill Blvd Oakland, CA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Mixed‑use property on a corner lot; 3,879 property size; Built in 1932
