Mixed-Use Property with
For Sale
$699,000
2353 82nd Ave, Oakland, CA 94605
Corner storefront pairs with two residential units and a permitted family day-care use.
Property Size2,435 SF
Price / SF$287.06
Days on Market130
Property Features for 2353 82nd Ave
General Information
Standard status
Active
Size
2,435 SF
Property subtype
Multi Family
Building Details
Year Built
1933
Listing Agency:
Keller Williams Realty
(510) 417-9782
Listed By:
Ofer Dallal · License #02059033
(510) 417-9782
Source:
Exitrealty
Added: Apr 24
Changed: Aug 31
Last Checked: Aug 31 at 12:46AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This 2,435-square-foot mixed-use property, built in 1933, combines a corner storefront with two residential units. The commercial space is occupied by a barber shop. The larger residence provides approximately 1,250 square feet across three levels, with 3 bedrooms, 1 bath, an attached garage, dedicated laundry, and backyard access. The second unit includes a kitchen, full bath, and bedroom and is currently used as a permitted family day-care facility.
The property is located at 2353 82nd Ave in Oakland, with access to I-580, I-880, and public transit. Nearby parks, neighborhood retail, and community services are also identified in the property information. A sewer lateral compliance certificate and sidewalk clearance for certification are in place. The reported cap rate is 7-8%.
The property is located at 2353 82nd Ave in Oakland, with access to I-580, I-880, and public transit. Nearby parks, neighborhood retail, and community services are also identified in the property information. A sewer lateral compliance certificate and sidewalk clearance for certification are in place. The reported cap rate is 7-8%.
Key Highlights
- 2,435‑square‑foot mixed‑use property with a corner storefront and two residential units
- Commercial space leased to a barber shop
- Primary residence offers approximately 1,250 sq ft across three levels
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
$49,289
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
7.05%
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%
$985,780
$985.8K
Cap Rate 7%
$704,129
$704.1K
Cap Rate 9%
$547,656
$547.7K
Market Conditions
NOI Build-Up for 2,435 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
$74.5K $30.60/SF
− Vacancy
−$4.1K −$1.68/SF
EGI
$70.4K $28.92/SF
− OpEx
−$21.1K −$8.68/SF
NOI
$49.3K $20.24/SF
Area
ZIP 94605
Vacancy
5.50%
Lease Rate
$30.60 /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%
$985,780
Cap Rate 7%
$704,129
Cap Rate 9%
$547,656
Alternative Uses
Best Use
Multifamily LT 5
$704.1K
$616.1K – $821.5K
NOI $49,289 @ 7.0% cap · market cap 7.05%
Second Best
Apartment 5plus
$631.2K
$552.3K – $736.4K
NOI $44,182 @ 7.0% cap · market cap 6.32%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
731
Businesses Nearby
Explore this area
Business Placement
Demographics for 94605, CA
44,294
Population
17,686
Households
2.5
Avg Household Size
39
Median Age
43%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
5,033
Density / Sq Mi
$101,043
Median Household Income
$62,590
Median Earnings
$1,867
Median Rent
$840,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner storefront pairs with two residential units and a permitted family day-care use.
Where is this mixed-use property located?
The property is located at 2353 82nd Ave Oakland, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 2,435‑square‑foot mixed‑use property with a corner storefront and two residential units; Commercial space leased to a barber shop; Primary residence offers approximately 1,250 sq ft across three levels
