Commercial Land with Existing
New
For Sale
$332,000
0 2534 Mandela Parkway, Oakland, CA 94607
An existing structure provides a current improvement on the parcel.
Property Size1,800 SF
Price / SF$184.44
Days on Market1
Property Features for 0 2534 Mandela Parkway
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Commercial
Listing Agency:
Compass Commercial
Listed By:
Readdress
(415) 275-0229
Source:
Readdress
Added: Oct 19
Last Checked: Oct 19 at 3:13AM
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 Compass Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial land parcel includes an existing 1,800-square-foot building constructed in 1941. The site is configured for a single unit and carries a CIX-1A zoning designation.
The property is on Mandela Parkway in West Oakland, within an area characterized by commercial, industrial, and residential uses.
The property is on Mandela Parkway in West Oakland, within an area characterized by commercial, industrial, and residential uses.
Key Highlights
- Existing 1,800 SF building
- CIX‑1A zoning
- Built in 1941
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,132
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,640
$482.6K
Cap Rate 7%
$344,743
$344.7K
Cap Rate 9%
$268,133
$268.1K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$42.3K $23.52/SF
− Vacancy
−$10.2K −$5.64/SF
EGI
$32.2K $17.88/SF
− OpEx
−$8.0K −$4.47/SF
NOI
$24.1K $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%
$482,640
Cap Rate 7%
$344,743
Cap Rate 9%
$268,133
Alternative Uses
Best Use
Office B
$344.7K
$301.7K – $402.2K
NOI $24,132 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$589.3K
$515.7K – $687.5K
NOI $41,252 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,361
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Commercial land - An existing structure provides a current improvement on the parcel.
Where is this commercial land located?
The property is located at 0 2534 Mandela Parkway Oakland, CA.
What is the asking price?
The asking price for this property is $332,000.
What are key features of this property?
This property features: Existing 1,800 SF building; CIX‑1A zoning; Built in 1941
