High-Ceiling Office
For Sale
Contact for pricing
1901 Broadway, Oakland, CA 94612
Renovated corner office property with skylights, display windows, custom finishes, and a prominent entrance.
Property Size11,800 SF
Price / SF$305.08
Days on Market59
Property Features for 1901 Broadway
General Information
Standard status
Active
Size
11,800 SF
Property subtype
OFFICE
Additional Details
Public Transit
Yes
Listing Agency:
Chromata Retail
(510) 334-8606
Listed By:
Jamie Flaherty-Evans · License #1432663
(510) 334-8606
Source:
Moodyscre
Added: Jul 4
Changed: Aug 30
Last Checked: Aug 30 at 1:44PM
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 Chromata Retail
Investment Insights
Based on property information with market context.
The 11,800-square-foot office building at 1901 Broadway features high ceilings, skylights, full display windows, and more than 140 feet of street frontage. A prominent corner entry leads into a property updated in 2017 with code upgrades, custom millwork, and finished interior details. The layout also includes a modern kitchen with high-end finishes and partial furnishing.
The property occupies a Broadway location in Oakland’s Uptown entertainment district, directly across from BART and less than one block from the Fox and Paramount Theaters. Its office configuration, existing improvements, and stated suitability for a variety of uses provide a range of potential commercial applications.
The property occupies a Broadway location in Oakland’s Uptown entertainment district, directly across from BART and less than one block from the Fox and Paramount Theaters. Its office configuration, existing improvements, and stated suitability for a variety of uses provide a range of potential commercial applications.
Key Highlights
- 11,800 SF office building with more than 140 feet of street frontage
- 2017 renovation included code upgrades
- High ceilings, skylights, and full display windows
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
$158,196
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
4.39%
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%
$3,163,920
$3.2M
Cap Rate 7%
$2,259,943
$2.3M
Cap Rate 9%
$1,757,733
$1.8M
Market Conditions
NOI Build-Up for 11,800 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
$277.5K $23.52/SF
− Vacancy
−$66.6K −$5.64/SF
EGI
$210.9K $17.88/SF
− OpEx
−$52.7K −$4.47/SF
NOI
$158.2K $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 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%
$3,163,920
Cap Rate 7%
$2,259,943
Cap Rate 9%
$1,757,733
Alternative Uses
Best Use
Office B
$2.26M
$1.98M – $2.64M
NOI $158,196 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$3.86M
$3.38M – $4.51M
NOI $270,430 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
9,313
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 building - Renovated corner office property with skylights, display windows, custom finishes, and a prominent entrance.
Where is this office building located?
The property is located at 1901 Broadway Oakland, CA.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 11,800 SF office building with more than 140 feet of street frontage; 2017 renovation included code upgrades; High ceilings, skylights, and full display windows
