Building Details

Building Size 5,243 SF

Year Built 1947

Buildings 1

Listing Agency: NAI Northern California

Listed By: Tim Warren · License #CalDRE #02008347 Show Phone

Source: Naiglobal

Added: Oct 24 Last Checked: Oct 24 at 2:52PM

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Investment Insights

Based on property information with market context.

Built in 1947, this 5,243-square-foot office building occupies an approximately 3,485-square-foot lot. Interior features include exposed brick, polished concrete floors, glass-enclosed offices, loft mezzanines, and 18-foot clear ceiling heights. Front and rear roll-up doors provide drive-in access. Building improvements include a seismic retrofit, a new roof, HVAC, electrical upgrades, and ADA-accessible bathrooms. The property is zoned CC-2.

At 2357 San Pablo Avenue in Oakland, the building is near Downtown Oakland, BART, and major freeways. Its combination of office areas, mezzanines, and roll-up access defines a varied interior configuration.

Key Highlights

• 5,243‑square‑foot building on an approximately 3,485‑square‑foot lot
• 18‑foot clear ceiling heights and loft‑style mezzanines
• Completed seismic retrofit, new roof, HVAC, and 400‑amp electrical system

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$70,290

Cap Rate

5.62%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,405,800 $1.4M

Cap Rate 7%

$1,004,143 $1.0M

Cap Rate 9%

$781,000 $781.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,243 SF

Gross rent

$123.3K $23.52/SF

− Vacancy

−$29.6K −$5.64/SF

EGI

$93.7K $17.88/SF

− OpEx

−$23.4K −$4.47/SF

NOI

$70.3K $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%

$1,405,800

Cap Rate 7%

$1,004,143

Cap Rate 9%

$781,000

Alternative Uses

Best Use

Office B

$1.00M

$878.6K – $1.17M (±1% cap)

NOI $70,290 @ 7.0% cap · market cap 5.62%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$1.72M

$1.50M – $2.00M (±1% cap)

NOI $120,158 @ 7.0% cap · market cap 9.61%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Veterinary Clinic (Bike/Boat/Book/etc) Store Pet Grooming Service Clothing & Fashion Store Tanning Salon Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

5,554

Businesses Nearby

Explore this area Business Placement

Demographics for 94612, CA

19,773

Population

11,928

Households

1.7

Avg Household Size

38

Median Age

54%

College-Educated

87%

High-School Grad

1.0 sq mi

ZIP Area

19,773

Density / Sq Mi

$77,069

Median Household Income

$70,221

Median Earnings

$1,936

Median Rent

$814,000

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Seismic upgrades, loading access, and flexible interior features support a range of office configurations.

Where is this office building located?

The property is located at 2357 San Pablo Avenue Oakland, CA.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: 5,243‑square‑foot building on an approximately 3,485‑square‑foot lot; 18‑foot clear ceiling heights and loft‑style mezzanines; Completed seismic retrofit, new roof, HVAC, and 400‑amp electrical system