Two Adjoining Warehouse
2303-2311 Martin Luther King Jr Way Oakland, CA 94612
For Sale
Contact for pricing
Hard-corner industrial property with two adjoining warehouses, roll-up doors, and built-out offices with ADA restrooms.
Property Size10,000 SF
Price / SF$160
Days on Market446
Property Features for 2303-2311 Martin Luther King Jr Way
General Information
Standard status
Active
Size
10,000 SF
Property subtype
INDUSTRIAL
Listing Agency:
Lee & Associates | San Francisco
(415) 828-7679
Listed By:
Brendan Gallagher · License #01826381
(760) 846-1736
Source:
Moodyscre
Added: May 8, 2025
Changed: Jul 27
Last Checked: Jul 27 at 1:02AM
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 | San Francisco
Investment Insights
Based on property information with market context.
The property consists of two adjoining ±15,000 SF warehouse buildings, totaling 10,000 SF across two separate parcels. Each building is a standalone hard-corner structure with two roll-up doors and 16’ clear height. Interior improvements include fully built-out offices and ADA restrooms. Security features include secure windows and security cameras.
Convenient access to area freeways and the Bay Bridge is highlighted for connectivity.
With two roll-up doors, built-out office space, and on-site ADA restrooms, the configuration supports combined warehouse and office use within a secure, self-contained setup.
Convenient access to area freeways and the Bay Bridge is highlighted for connectivity.
With two roll-up doors, built-out office space, and on-site ADA restrooms, the configuration supports combined warehouse and office use within a secure, self-contained setup.
Key Highlights
- Two adjoining ±10,000 SF warehouses on two separate parcels (total ±10,000 SF)
- Hard‑corner standalone industrial building with convenient access to freeways and the Bay Bridge
- Two roll‑up doors for warehouse access and operations
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $240.0k | $24.00 |
| − Vacancy | −$24.0k | −$2.40 |
| EGI | $216.0k | $21.60 |
| − OpEx | −$75.6k | −$7.56 |
| NOI | $140.4k | $14.04 |
10,000 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 35.00%
Alternative Uses
Best Use
Warehouse
$2.12M
$1.86M – $2.48M
NOI $148,557 @ 7.0% cap · market cap 9.28%
Second Best
Flex RnD
$2.01M
$1.76M – $2.34M
NOI $140,400 @ 7.0% cap · market cap 8.77%
Theoretical Best
Multifamily LT 5
$3.27M
$2.86M – $3.82M
NOI $229,178 @ 7.0% cap · market cap 14.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Moving Helpers for You! — 1445 Harrison St #272, Oakland, CA 94610
- StoragePRO Franklin Street — 1205 Franklin St, Oakland, CA 94612
- Blakney And Son Co — 1530 harrison st, oakland, ca 94612
- Oakland Shredding and Records Storage — 519 17th St, Oakland, CA 94612
- Monroea Self Storage Units — 1301 Franklin St, Oakland, CA 94612
Frequently Asked Questions
What type of property is this?
Warehouse - Hard-corner industrial property with two adjoining warehouses, roll-up doors, and built-out offices with ADA restrooms.
Where is this warehouse located?
The property is located at 2303-2311 Martin Luther King Jr Way Oakland, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Two adjoining ±10,000 SF warehouses on two separate parcels (total ±10,000 SF); Hard‑corner standalone industrial building with convenient access to freeways and the Bay Bridge; Two roll‑up doors for warehouse access and operations
