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 Market97
Property Features for 2428 Webster St
General Information
Standard status
Active
Size
14,482 SF
Property subtype
RETAIL
Listing Agency:
CBRE | Oakland
(510) 874-1909
Listed By:
Katherine Kelleher · License #00924895
Source:
Moodyscre
Added: May 27
Changed: Aug 29
Last Checked: Aug 30 at 7:37PM
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 = 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
$219,837
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
5.64%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
