Oakland Retail/Flex Corner
For Sale
$385,000
2501-2503 14th Avenue, Oakland, CA 94606
Corner retail/flex property with in-place income through November 2027.
Property Size2,065 SF
Price / SF$186.44
Days on Market169
Property Features for 2501-2503 14th Avenue
General Information
Standard status
Active
Size
2,065 SF
Property subtype
Retail
Building Details
Building Size
2,065 SF
Year Built
1930
Listing Agency:
SVN/PACIFIC COMMERCIAL ADVISORS
(510) 917-2022
Listed By:
Justin Wong · License #CalDRE #01974254
(510) 917-2022
Source:
Svn
Added: Mar 6
Changed: Aug 22
Last Checked: Aug 22 at 4:09AM
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 SVN/PACIFIC COMMERCIAL ADVISORS
Investment Insights
Based on property information with market context.
This corner retail/flex property offers approximately 2,065 square feet of space along Oakland’s 14th Avenue corridor. The property is currently tenant-occupied, generating lease income through November 2027, offering stable cash flow. The property is positioned on a prominent corner along Oakland’s 14th Avenue corridor, a well-traveled thoroughfare connecting residential neighborhoods to major freeway infrastructure. The location provides convenient access to both Interstate 580 and Interstate 880, facilitating efficient connectivity throughout the greater Bay Area. The property features high ceiling height and two separate suites, with future reposition upside.
Key Highlights
- In‑place lease income through November 2027 provides stable cash flow.
- Prominent corner location on Oakland's 14th Avenue corridor.
- Convenient access to Interstate 580 and Interstate 880.
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
$29,412
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
7.64%
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%
$588,240
$588.2K
Cap Rate 7%
$420,171
$420.2K
Cap Rate 9%
$326,800
$326.8K
Market Conditions
NOI Build-Up for 2,065 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
$44.6K $21.60/SF
− Vacancy
−$2.6K −$1.25/SF
EGI
$42.0K $20.35/SF
− OpEx
−$12.6K −$6.10/SF
NOI
$29.4K $14.24/SF
Area
ZIP 94606
Vacancy
5.80%
Lease Rate
$21.60 /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%
$588,240
Cap Rate 7%
$420,171
Cap Rate 9%
$326,800
Alternative Uses
Best Use
Retail
$420.2K
$367.7K – $490.2K
NOI $29,412 @ 7.0% cap · market cap 7.64%
Second Best
Flex RnD
$283.5K
$248.1K – $330.7K
NOI $19,844 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$940.7K
$823.1K – $1.10M
NOI $65,847 @ 7.0% cap · market cap 17.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,367
Businesses Nearby
Explore this area
Business Placement
Demographics for 94606, CA
40,768
Population
17,457
Households
2.3
Avg Household Size
37
Median Age
40%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
17,725
Density / Sq Mi
$70,769
Median Household Income
$47,558
Median Earnings
$1,775
Median Rent
$747,600
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Corner retail/flex property with in-place income through November 2027.
Where is this retail space located?
The property is located at 2501-2503 14th Avenue Oakland, CA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: In‑place lease income through November 2027 provides stable cash flow.; Prominent corner location on Oakland's 14th Avenue corridor.; Convenient access to Interstate 580 and Interstate 880.
