Building Details

Building Size 6,200 SF

Year Built 1928

Listing Agency: Centermac Realty, Inc.

Listed By: Maria Shlychkova Show Phone

Source: Annnewtoncane

Added: Jun 23, 2025 Changed: Sep 30 Last Checked: Oct 6 at 12:44AM

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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 Centermac Realty, Inc.

Investment Insights

Based on property information with market context.

This is a renovated freestanding commercial building offering 6,200 square feet of space. The property includes a leased billboard, providing additional income. The building features 25-foot ceilings, roll-up and drive-in doors, a showroom area, and private offices. There are also two restrooms. A new roof with a 10-year warranty was installed in January 2026. The property is situated on a 7,341 square foot lot and is zoned CN-3, which allows for a wide range of commercial uses. It is located at a high-traffic intersection near Bancroft Ave. The property is fully leased.

Key Highlights

• Fully leased 6,200 SF commercial building generating income
• Leased billboard provides additional income stream
• CN‑3 zoning allows for a wide range of commercial uses

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$61,611

Cap Rate

4.40%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,232,220 $1.2M

Cap Rate 7%

$880,157 $880.2K

Cap Rate 9%

$684,567 $684.6K

Market Conditions

NOI Build-Up for 6,200 SF

Gross rent

$104.2K $16.80/SF

− Vacancy

−$9.4K −$1.51/SF

EGI

$94.8K $15.29/SF

− OpEx

−$33.2K −$5.35/SF

NOI

$61.6K $9.94/SF

Area

ZIP 94605

Vacancy

9.00%

Lease Rate

$16.80 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,232,220

Cap Rate 7%

$880,157

Cap Rate 9%

$684,567

Alternative Uses

Best Use

Flex RnD

$880.2K

$770.1K – $1.03M (±1% cap)

NOI $61,611 @ 7.0% cap · market cap 4.40%

Second Best

Industrial

$817.8K

$715.6K – $954.1K (±1% cap)

NOI $57,246 @ 7.0% cap · market cap 4.09%

Theoretical Best

Multifamily LT 5

$1.79M

$1.57M – $2.09M (±1% cap)

NOI $125,500 @ 7.0% cap · market cap 8.96%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Fitness Gym Oakland Gym & Fitness Center FITNESS GYM Nutrición ... Gym & Fitness Center

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Skin Care Clinic Spa & Massage Center

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

Location Intelligence

Trade Area within ½ mile

863

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 94605, CA

44,294

Population

17,686

Households

2.5

Avg Household Size

39

Median Age

43%

College-Educated

87%

High-School Grad

8.8 sq mi

ZIP Area

5,033

Density / Sq Mi

$101,043

Median Household Income

$62,590

Median Earnings

$1,867

Median Rent

$840,700

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Renovated 6,200 SF building with income and flexible zoning.

Where is this flex space located?

The property is located at 2515 Seminary Avenue Oakland, CA.

What is the asking price?

The asking price for this property is $1,400,000.

What are key features of this property?

This property features: Fully leased 6,200 SF commercial building generating income; Leased billboard provides additional income stream; CN‑3 zoning allows for a wide range of commercial uses