238 9th St, Oakland, CA 94607

Building Details

Year Built 1915 More

Buildings 1 More

Building Size 987 SF More

Listing Agency: Brian A. Merrion, Broker

Listed By: Brian Merrion · License CA #01940486 Show Phone

Source: Expcommercial

Added: Aug 5 Changed: Nov 12 Last Checked: Nov 12 at 4:10AM

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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 Brian A. Merrion, Broker

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This office building contains 987 square feet and was constructed in 1915. The property carries D-LM-4 zoning and is positioned in downtown Oakland, providing an established urban setting for commercial office use.

The surrounding area includes office buildings, restaurants, and entertainment venues. Jack London Square, the Oakland Museum of California, and the Fox Theater are identified nearby, while public transportation and major freeways provide access throughout the area.

The building’s historic construction and downtown setting distinguish it within Oakland’s commercial landscape.

Key Highlights

• 987 SF office building constructed in 1915
• D‑LM‑4 zoning
• Located in downtown Oakland

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,232

Cap Rate

3.35%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$264,640 $264.6K

Cap Rate 7%

$189,029 $189.0K

Cap Rate 9%

$147,022 $147.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 987 SF

Gross rent

$23.2K $23.52/SF

− Vacancy

−$5.6K −$5.64/SF

EGI

$17.6K $17.88/SF

− OpEx

−$4.4K −$4.47/SF

NOI

$13.2K $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%

$264,640

Cap Rate 7%

$189,029

Cap Rate 9%

$147,022

Alternative Uses

Best Use

Office B

$189.0K

$165.4K – $220.5K (±1% cap)

NOI $13,232 @ 7.0% cap · market cap 3.35%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$323.1K

$282.8K – $377.0K (±1% cap)

NOI $22,620 @ 7.0% cap · market cap 5.73%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Four Season Massage ... Alternative Medicine Practice

Suggested Use

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

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

7,726

Businesses Nearby

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

Market

Average Price Trend$/SF for Office buildings in Oakland, CA

$309 Jul

$307 Aug

$317 Sep

$281 Oct

Properties on Market for Office buildings in Oakland

Jul

Aug

Sep

Oct

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 - Compact commercial office property in downtown Oakland with D-LM-4 zoning and a 1915 construction date.

Where is this office building located?

The property is located at 238 9th St Oakland, CA.

What is the asking price?

The asking price for this property is $395,000.

What are key features of this property?

This property features: 987 SF office building constructed in 1915; D‑LM‑4 zoning; Located in downtown Oakland