Ground-Level Retail
For Sale
$2,500,000
200-206 Broadway, Oakland, CA 94607
Four commercial units sit beneath a 134-unit residential tower and may be acquired together or individually.
Property Size9,069 SF
Price / SF$275.66
Days on Market186
Property Features for 200-206 Broadway
General Information
Standard status
Active
Size
9,069 SF
Property subtype
Retail
Occupancy
25%
Building Details
Building Size
9,069 SF
Year Built
2009
Tenancy
Multi
Listing Agency:
Lockehouse Retail Group
(415) 515-0181
Listed By:
Rachel Kram · License #CalDRE #02021048
Source:
Cppcre
Added: Feb 26
Changed: Aug 30
Last Checked: Aug 30 at 2:37AM
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 Lockehouse Retail Group
Investment Insights
Based on property information with market context.
Built in 2009, this retail property comprises four ground-floor units totaling 9,069 SF. The spaces can be purchased as a group or separately, providing flexibility for an owner seeking a multi-unit retail asset or an individual storefront. Unit 206 is occupied, Unit 204 has a pending lease, and the other two units are vacant.
The property is located at 200-206 Broadway in Oakland’s Jack London Square, at the base of the 134-unit Ellington tower. More than 1,500 market-rate residential units have been added within a three-block radius. The site has a 96 Walk Score and is a 4-minute walk from the SF Ferry Terminal and Amtrak.
The property is located at 200-206 Broadway in Oakland’s Jack London Square, at the base of the 134-unit Ellington tower. More than 1,500 market-rate residential units have been added within a three-block radius. The site has a 96 Walk Score and is a 4-minute walk from the SF Ferry Terminal and Amtrak.
Key Highlights
- Four ground‑level retail units totaling 9,069 SF
- Portfolio or individual‑unit acquisition options
- Unit 206 occupied; Unit 204 has pending lease
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
$175,841
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
7.03%
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%
$3,516,820
$3.5M
Cap Rate 7%
$2,512,014
$2.5M
Cap Rate 9%
$1,953,789
$2.0M
Market Conditions
NOI Build-Up for 9,069 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
$265.5K $29.28/SF
− Vacancy
−$14.3K −$1.58/SF
EGI
$251.2K $27.70/SF
− OpEx
−$75.4K −$8.31/SF
NOI
$175.8K $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%
$3,516,820
Cap Rate 7%
$2,512,014
Cap Rate 9%
$1,953,789
Alternative Uses
Best Use
Retail
$2.51M
$2.20M – $2.93M
NOI $175,841 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.97M
$2.60M – $3.46M
NOI $207,841 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
25%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,337
Businesses Nearby
59k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 52%
Leisure 27%
Shops & Services 20%
Dining 2%
World Market
Home Improvements & Furnishings
26,121 visits/mo
0.3 miles
Regal Jack London
Leisure
15,829 visits/mo
0.1 miles
Shell
Shops & Services
11,553 visits/mo
0.4 miles
Markus Supply Ace Hardware
Home Improvements & Furnishings
4,365 visits/mo
0.4 miles
Gyu-Kaku Japanese BBQ
Dining
1,293 visits/mo
0.3 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Four commercial units sit beneath a 134-unit residential tower and may be acquired together or individually.
Where is this shopping center located?
The property is located at 200-206 Broadway Oakland, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Four ground‑level retail units totaling 9,069 SF; Portfolio or individual‑unit acquisition options; Unit 206 occupied; Unit 204 has pending lease
