Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Oakland Development Opportunity Title is generated by Realmo AI

    2305 Webster Street, Oakland, CA 94612

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,950,000

    Approved plans for 197 residential units and retail space.

    Type:Multifamily
    Property size:
    197,930 SF
    Price / SF:
    $25/SF
    Added:
    Nov 21, 2025
    Days on Market:
    181
    Last Refresh:
    Dec 3 at 5:22 am

    Property Features for 2305 Webster Street

    General Information

    Standard status
    Active
    Size
    197,930 SF
    Property subtype
    Multifamily

    We can help!

    Listing Contact
    Evette Reaves

    Listing agent Evette Reaves License #335569

    Listing office Grant & Co., REALTORS

    Listing date Nov 21, 2025

    Source Naiglobal

    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 Grant & Co., REALTORS

    HighLights

    • Approved plans for 197 residential units and 1,900 sq ft of ground‑floor retail space, ready for immediate development.
    • Potential to expand to 263 residential units using California's density bonus program.
    • Prime location in Oakland's Uptown Neighborhood, a rapidly growing and desirable area.
    • Excellent connectivity: 0.3 miles to the 19th Street BART station, providing easy access to the entire Bay Area.
    • In‑place income from current month‑to‑month lease to Douglas Parking.
    • Proximity to major employers like Kaiser Permanente, Pandora, Square, BART, and PG&E.

    Overview

    Located in Oakland's Uptown Neighborhood, the property at 2305 Webster Street presents a development opportunity with approved plans for a 19-story mixed-use tower. The approved project includes 197 residential apartments and 1,900 square feet of ground-floor retail space. The residential component features a mix of 7 studio, 87 one-bedroom, and 103 two-bedroom units. The 217-foot tall structure totals 197,930 square feet, with 146,535 square feet dedicated to housing. The property has the potential to increase residential units to 263 using the State of California density bonus program. Parking will be included for 21 cars and 113 bicycles. The site is currently leased to Douglas Parking, offering in-place income while preparing for development. Situated just 0.3 miles from the 19th Street BART Station, the location provides access to the Bay Area. Major employers, including Kaiser Permanente, Pandora, Square, BART, and PG&E, are located nearby. The property has a Walk Score of 98, indicating a highly walkable location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Douglas Parking Parking Lot & Garage

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Law Firm Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.2655123
    Latitude
    37.8121771

    Nearby Similar for Sale

    • $849,888
      1,988 SF

      Oakland Commercial Property on International Blvd

      Established bakery and produce business on high-traffic International Blvd.
      10228 International, Oakland, CA 94603
      View Details
    • $499,000
      2,075 SF

      Oakland Mixed-Use Renovation Opportunity

      Historical mixed-use property in downtown Oakland, ready for customization.
      1014 Castro Street, Oakland, CA 94607
      View Details
    • $1,450,000
      4,248 SF

      Oakland Fourplex with Vacant Unit

      Vintage fourplex near Lake Merritt with upside potential.
      881 Erie St, Oakland, CA 94610
      View Details
    • $949,000
      2,858 SF

      Oakland Multifamily Property with Development Potential

      Spacious property in Oakland with entitlements for 4 additional units.
      2218 82Nd Ave, Oakland, CA 94605
      View Details
    • $879,000
      3,293 SF

      Oakland Multifamily Property For Sale

      Charming Oakland 4-plex with income potential and convenient location.
      1436 52Nd Ave, Oakland, CA 94601
      View Details
    • $915,000
      2,517 SF

      North Oakland Triplex with Income Potential

      Charming triplex in North Oakland with expansion opportunities.
      876-880 52nd St, Oakland, CA 94608
      View Details
    • $749,000
      2,551 SF

      Oakland Triplex in Dimond District

      Income-producing triplex in Oakland's vibrant Dimond District.
      2550 Pleasant st, Oakland, CA 94602
      View Details
    • $995,000
      3,940 SF

      West Oakland Multifamily Victorian Gem

      Two homes on one lot near downtown Oakland.
      1033 Magnolia, Oakland, CA 94607
      View Details
    • $599,888
      1,639 SF

      Oakland Triplex Investment Opportunity

      Well-located East Oakland triplex with income potential.
      3309 64Th Ave, Oakland, CA 94605
      View Details
    • $999,000
      2,985 SF

      Oakland Duplex: Modern Upgrades

      Renovated Oakland duplex near Uptown with strong rental income potential.
      523 25Th St, Oakland, CA 94612
      View Details
    • $1,685,000
      2,931 SF

      Modern Condo Home with ADU

      New construction condo with ADU near Berkeley border.
      667 & 667A Alcatraz Ave, Oakland, CA 94609
      View Details
    • $899,000
      2,265 SF

      High-Cash Flow Multi-Unit Property

      Vacant multi-unit property in Highland Terrace with income potential.
      2506 Highland Ave, Oakland, CA 94606
      View Details

    FAQs

    What type of property is this?
    Commercial land - Approved plans for 197 residential units and retail space.
    Where is this commercial land located?
    The property is located at 2305 Webster Street Oakland, CA.
    What is the asking price?
    The asking price for this property is $4,950,000.
    What are key features of this property?
    This property features: Approved plans for **197 residential units and 1,900 sq ft of ground‑floor retail space**, ready for immediate development.; Potential to expand to 263 residential units using California's density bonus program.; Prime location in Oakland's Uptown Neighborhood, a rapidly growing and desirable area.
    (901) 854-0525
    We can help!
    Listing Contact
    Evette Reaves
    Real Estate License ID: 335569
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2305 Webster Street, Oakland, CA 94612
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!