Brick-and-Timber Flex
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For Sale
Contact for pricing
221 Washington St, Oakland, CA 94607
The three-story property is identified for light industrial, office, and flex use.
Property Size8,800 SF
Price / SF$253.62
Days on Market6
Property Features for 221 Washington St
General Information
Standard status
Active
Size
8,800 SF
Property subtype
INDUSTRIAL
Zoning
D-DT-C
Additional Details
Asking Price
$1,750,000
Building Details
Buildings
1
Stories
3
Building Size
8,800 SF
Construction
brick and timber
Listing Agency:
Lee & Associates | Oakland
(510) 903-7600
Listed By:
Joe McGlynn · License #01911689
(925) 285-7734
Source:
Moodyscre
Added: Oct 6
Changed: Oct 10
Last Checked: Oct 11 at 8:32AM
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
Investment Insights
Based on property information with market context.
This three-story brick-and-timber building is identified for light industrial, office, and flex use. Its zoning designation is D-DT-C.
The property is within walking distance of Jack London Square amenities and near the JLS ferry terminal and Amtrak station.
The property is within walking distance of Jack London Square amenities and near the JLS ferry terminal and Amtrak station.
Key Highlights
- Three‑story brick‑and‑timber construction
- Identified for light industrial, office, and flex use
- Zoned D‑DT‑C
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,876
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,937,520
$1.9M
Cap Rate 7%
$1,383,943
$1.4M
Cap Rate 9%
$1,076,400
$1.1M
Market Conditions
NOI Build-Up for 6,900 SF
Gross rent
$165.6K $24.00/SF
− Vacancy
−$16.6K −$2.40/SF
EGI
$149.0K $21.60/SF
− OpEx
−$52.2K −$7.56/SF
NOI
$96.9K $14.04/SF
Area
Oakland, CA
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,937,520
Cap Rate 7%
$1,383,943
Cap Rate 9%
$1,076,400
Alternative Uses
Best Use
Flex RnD
$1.38M
$1.21M – $1.61M
NOI $96,876 @ 7.0% cap · market cap 5.54%
Second Best
Industrial
$1.21M
$1.06M – $1.41M
NOI $84,415 @ 7.0% cap · market cap 4.82%
Theoretical Best
Multifamily LT 5
$2.26M
$1.98M – $2.64M
NOI $158,133 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,133
Businesses Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - The three-story property is identified for light industrial, office, and flex use.
Where is this flex space located?
The property is located at 221 Washington St Oakland, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Three‑story brick‑and‑timber construction; Identified for light industrial, office, and flex use; Zoned D‑DT‑C
