Efficient Office Condo with
212 9th St, Oakland, CA
For Sale
Contact for pricing
Office condo with parking near Lake Merritt BART.
Property Size1,879 SF
Lot Size0.57 Acres
Price / SF$425.23
Days on Market873
Property Features for 212 9th St
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Listing Agency:
Lee & Associates | Oakland
(510) 903-7600
Listed By:
Neil Cowperthwaite · License #01912683
(415) 302-6940
Source:
Moodyscre
Added: Jun 20, 2024
Changed: Aug 8
Last Checked: Jul 24 at 6:58AM
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 Lee & Associates | Oakland
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 condo presents an opportunity for small businesses to own an efficient workspace with parking. Situated in a location minutes from Lake Merritt BART station, the property offers convenient access to restaurants and entertainment options. Located on the 3rd floor of an elevator-served building, the condo features 3 offices, a copy area, and a reception area. The property benefits from a window line that provides natural light. The property includes one parking space. The property has a size of 1879 square feet.
Key Highlights
- Convenient location minutes from Lake Merritt BART, restaurants, and entertainment.
- Efficient office condo ideal for a small business.
- Includes one (1) dedicated parking space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,191
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,820
$503.8K
Cap Rate 7%
$359,871
$359.9K
Cap Rate 9%
$279,900
$279.9K
Market Conditions
NOI Build-Up for 1,879 SF
Gross rent
$44.2K $23.52/SF
− Vacancy
−$10.6K −$5.64/SF
EGI
$33.6K $17.88/SF
− OpEx
−$8.4K −$4.47/SF
NOI
$25.2K $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 Rate 5%
$503,820
Cap Rate 7%
$359,871
Cap Rate 9%
$279,900
Alternative Uses
Best Use
Office B
$359.9K
$314.9K – $419.9K
NOI $25,191 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$615.2K
$538.3K – $717.7K
NOI $43,062 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,726
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office Units in Oakland, CA
Properties on Market for Office Units in Oakland
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Office condo with parking near Lake Merritt BART.
Where is this office unit located?
The property is located at 212 9th St Oakland, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Convenient location minutes from Lake Merritt BART, restaurants, and entertainment.; Efficient office condo ideal for a small business.; Includes one (1) dedicated parking space.
