2612 Macarthur Blvd, Oakland, CA 94602

Building Details

Year Built 1927 More

Tenancy Multi More

Listing Agency: The Pinza Group, Inc

Listed By: David Howarth · License CA #01360348 Show Phone

Source: Pebblebeachproperties

Added: Nov 12 Last Checked: Nov 12 at 2:24PM

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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 The Pinza Group, Inc

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Investment Insights

Based on property information with market context.

Built in 1927, this three-unit retail property contains 2,648 square feet of rental space and is fully occupied. The suites are leased month to month, and electric and gas are separately metered. The property fronts MacArthur Boulevard in Oakland’s Lower Dimond district, among local retail, dining, service, fitness, and office businesses.

Key Highlights

• Three retail units totaling 2,648 square feet
• 100% occupied with month‑to‑month leases
• Separate electric and gas meters

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$51,343

Cap Rate

5.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,026,860 $1.0M

Cap Rate 7%

$733,471 $733.5K

Cap Rate 9%

$570,478 $570.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,648 SF

Gross rent

$77.5K $29.28/SF

− Vacancy

−$4.2K −$1.58/SF

EGI

$73.3K $27.70/SF

− OpEx

−$22.0K −$8.31/SF

NOI

$51.3K $19.39/SF

Area

Oakland, CA

Vacancy

5.40%

Lease Rate

$29.28 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,026,860

Cap Rate 7%

$733,471

Cap Rate 9%

$570,478

Alternative Uses

Best Use

Retail

$733.5K

$641.8K – $855.7K (±1% cap)

NOI $51,343 @ 7.0% cap · market cap 5.74%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$866.9K

$758.6K – $1.01M (±1% cap)

NOI $60,686 @ 7.0% cap · market cap 6.78%

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

Amazing Changes Hair Salon

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Parking Lot & Garage Big Box & Wholesale Store Skin Care Clinic

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

Lease Details

100%

Occupancy

Multi-tenant

Tenancy

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

1,165

Businesses Nearby

99k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 47% Groceries 41% Dining 11% Electronics 1%

Safeway Groceries

40,362 visits/mo 0.4 miles

Wells Fargo Shops & Services

12,558 visits/mo 0.4 miles

Shell Shops & Services

11,239 visits/mo 0.4 miles

7-Eleven Shops & Services

11,176 visits/mo 0.2 miles

Peet's Coffee & Tea Dining

8,209 visits/mo 0.4 miles

Demographics for 94602, CA

29,702

Population

13,072

Households

2.3

Avg Household Size

42

Median Age

58%

College-Educated

89%

High-School Grad

3.6 sq mi

ZIP Area

8,251

Density / Sq Mi

$124,744

Median Household Income

$65,401

Median Earnings

$1,924

Median Rent

$1,111,800

Median Home Value

Market

Average Price Trend$/SF for Storefront properties in Oakland, CA

$354 Jul

$360 Aug

$351 Sep

$320 Oct

Properties on Market for Storefront properties in Oakland

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Storefront property - Three occupied retail suites have separate electric and gas meters and month-to-month tenancy.

Where is this storefront property located?

The property is located at 2612 Macarthur Blvd Oakland, CA.

What is the asking price?

The asking price for this property is $895,000.

What are key features of this property?

This property features: Three retail units totaling 2,648 square feet; 100% occupied with month‑to‑month leases; Separate electric and gas meters