Oakland Commercial Condo in Jack
255 3Rd St, Oakland, CA 94607
For Sale
$899,000
2,414 SF commercial condo in Oakland's vibrant Jack London.
Property Size2,414 SF
Lot Size0.34 Acres
Price / SF$372.41
Days on Market231
Property Features for 255 3Rd St
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Building Details
Year Built
Listed By:
Long Nguyen
(925) 876-7888
Source:
Elliman
Added: Mar 24
Changed: Aug 8
Last Checked: Jul 16 at 7:36AM
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 Long Nguyen
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in the Jack London District of Oakland, this 2,414 square foot first-floor commercial condo is situated in a converted warehouse, a couple of blocks from Jack London Square. The space includes two bathrooms and a kitchenette. It is suited for a variety of uses including professional office, creative workspace, restaurant, café, or boutique concept. The property also presents potential for conversion to a live/work configuration. The location is near the waterfront and downtown Oakland, surrounded by dining, retail, and entertainment. Commuting is facilitated by access to the Bay Bridge and SF Ferry, providing connectivity to San Francisco and the greater Bay Area.
Key Highlights
- Prime location in Oakland's vibrant Jack London District, near waterfront and downtown.
- 2,414 square foot commercial condo in a beautifully converted warehouse.
- Adaptable layout suitable for various uses: office, creative space, restaurant, or retail.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,363
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$647,260
$647.3K
Cap Rate 7%
$462,329
$462.3K
Cap Rate 9%
$359,589
$359.6K
Market Conditions
NOI Build-Up for 2,414 SF
Gross rent
$56.8K $23.52/SF
− Vacancy
−$13.6K −$5.64/SF
EGI
$43.2K $17.88/SF
− OpEx
−$10.8K −$4.47/SF
NOI
$32.4K $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%
$647,260
Cap Rate 7%
$462,329
Cap Rate 9%
$359,589
Alternative Uses
Best Use
Office B
$462.3K
$404.5K – $539.4K
NOI $32,363 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$790.3K
$691.5K – $922.1K
NOI $55,323 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,944
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Creative space in Alameda County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Creative space - 2,414 SF commercial condo in Oakland's vibrant Jack London.
Where is this creative space located?
The property is located at 255 3Rd St Oakland, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Prime location in Oakland's vibrant Jack London District, near waterfront and downtown.; 2,414 square foot commercial condo in a beautifully converted warehouse.; Adaptable layout suitable for various uses: office, creative space, restaurant, or retail.
