Mixed-Use Property with Transit
For Sale
Contact for pricing
2428 Webster St, Oakland, CA 94612
Ground-floor commercial space and upper-story areas support varied office, residential, and other uses.
Property Size14,482 SF
Price / SF$269.30
Days on Market142
Property Features for 2428 Webster St
General Information
Standard status
Active
Size
14,482 SF
Property subtype
RETAIL
Listing Agency:
CBRE | Oakland
(510) 874-1900
Listed By:
Katherine Kelleher · License #00924895
(510) 874-1909
Source:
Moodyscre
Added: May 27
Changed: Oct 9
Last Checked: Oct 15 at 1:18AM
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 CBRE | Oakland
Investment Insights
Based on property information with market context.
This 14,482-square-foot mixed-use property is configured for broad commercial and residential applications. Ground-floor areas can accommodate office and other commercial activities, while upper-story space is described for residential, office, and additional commercial uses.
The property is located at 2428 Webster St in Oakland’s Uptown district, an established arts and entertainment area with the Fox Theatre, Paramount Theatre, restaurants, bars, and the Kissel Uptown Hotel. BART and an AC Transit bus line are within walking distance, while I-880, I-580, I-980, and Highway 24 are minutes away.
The property is located at 2428 Webster St in Oakland’s Uptown district, an established arts and entertainment area with the Fox Theatre, Paramount Theatre, restaurants, bars, and the Kissel Uptown Hotel. BART and an AC Transit bus line are within walking distance, while I-880, I-580, I-980, and Highway 24 are minutes away.
Key Highlights
- 14,482‑square‑foot mixed‑use property at 2428 Webster St, Oakland, CA 94612
- Ground‑floor areas support office and other commercial activities
- Upper‑story space supports residential, office, and other commercial uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$219,837
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,396,740
$4.4M
Cap Rate 7%
$3,140,529
$3.1M
Cap Rate 9%
$2,442,633
$2.4M
Market Conditions
NOI Build-Up for 14,482 SF
Gross rent
$399.7K $27.60/SF
− Vacancy
−$48.0K −$3.31/SF
EGI
$351.7K $24.29/SF
− OpEx
−$131.9K −$9.11/SF
NOI
$219.8K $15.18/SF
Area
Oakland, CA
Vacancy
12.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,396,740
Cap Rate 7%
$3,140,529
Cap Rate 9%
$2,442,633
Alternative Uses
Best Use
Mixed Use
$3.14M
$2.75M – $3.66M
NOI $219,837 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$4.74M
$4.15M – $5.53M
NOI $331,895 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
8,382
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
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor commercial space and upper-story areas support varied office, residential, and other uses.
Where is this mixed-use property located?
The property is located at 2428 Webster St Oakland, CA.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 14,482‑square‑foot mixed‑use property at 2428 Webster St, Oakland, CA 94612; Ground‑floor areas support office and other commercial activities; Upper‑story space supports residential, office, and other commercial uses
