Corner Lot on San
For Sale
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2633 San Pablo Ave, Oakland, CA 94612
Corner lot with dual frontage on San Pablo Avenue.
Property Size1,393 SF
Lot Size0.11 Acres
Price / SF$534.81
Days on Market171
Property Features for 2633 San Pablo Ave
General Information
Standard status
Active
Size
1,393 SF
Lot size
0.11 Acres
Property subtype
Mixed Use, Retail
Occupancy
100%
Lease Type
Net
Investment Type
Stabilized
Net Operating Income
$36,000
Building Details
Year Built
1941
Year Renovated
2010
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
DEAL Real Estate Services
(408) 688-4928
Listed By:
Awne Elrabadi · License #01480736
Source:
Crexi
Added: Feb 24
Changed: Aug 8
Last Checked: Aug 12 at 6:25AM
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 DEAL Real Estate Services
Investment Insights
Based on property information with market context.
This property presents an exceptional corner-lot opportunity situated along Oakland's vibrant San Pablo Avenue corridor. The property occupies a 5,000 sq. ft. lot and features dual-frontage exposure, providing visibility, natural signage presence, and consistent foot and vehicle traffic. Currently, the property is occupied by a neighborhood restaurant, offering income stability. The surrounding area is characterized by the San Pablo Arts District, featuring murals, galleries, cafés, and local businesses, creating a walkable and transit-friendly environment. The property has a size of 1393 sqft. The property is suitable for storefront, retail, restaurants, commercial land and commercial real estate use.
Key Highlights
- High‑visibility corner lot on San Pablo Avenue with dual‑frontage.
- Immediate income potential from existing restaurant tenant.
- Located in the vibrant and walkable San Pablo Arts District.
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
$30,966
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
4.16%
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%
$619,320
$619.3K
Cap Rate 7%
$442,371
$442.4K
Cap Rate 9%
$344,067
$344.1K
Market Conditions
NOI Build-Up for 1,393 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
$43.5K $31.20/SF
− Vacancy
−$2.2K −$1.56/SF
EGI
$41.3K $29.64/SF
− OpEx
−$10.3K −$7.41/SF
NOI
$31.0K $22.23/SF
Area
Oakland, CA
Vacancy
5.00%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
25.00%
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%
$619,320
Cap Rate 7%
$442,371
Cap Rate 9%
$344,067
Alternative Uses
Best Use
Specialty Retail
$442.4K
$387.1K – $516.1K
NOI $30,966 @ 7.0% cap · market cap 4.16%
Second Best
Retail
$385.8K
$337.6K – $450.2K
NOI $27,009 @ 7.0% cap · market cap 3.63%
Theoretical Best
Multifamily LT 5
$456.1K
$399.1K – $532.1K
NOI $31,924 @ 7.0% cap · market cap 4.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
9,273
Businesses Nearby
51k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Dining 21%
Hotels & Casinos 11%
Chevron
Shops & Services
14,597 visits/mo
0.2 miles
Twin Peaks
Dining
5,983 visits/mo
0.5 miles
Chase Bank
Shops & Services
5,019 visits/mo
0.3 miles
Moxy Hotels
Hotels & Casinos
4,953 visits/mo
0.3 miles
Wells Fargo
Shops & Services
4,584 visits/mo
0.3 miles
Demographics for 94612, CA
19,773
Population
11,928
Households
1.7
Avg Household Size
38
Median Age
54%
College-Educated
87%
High-School Grad
1.0 sq mi
ZIP Area
19,773
Density / Sq Mi
$77,069
Median Household Income
$70,221
Median Earnings
$1,936
Median Rent
$814,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Corner lot with dual frontage on San Pablo Avenue.
Where is this storefront property located?
The property is located at 2633 San Pablo Ave Oakland, CA.
What is the asking price?
The asking price for this property is $744,995.
What are key features of this property?
This property features: High‑visibility corner lot on San Pablo Avenue with dual‑frontage.; Immediate income potential from existing restaurant tenant.; Located in the vibrant and walkable San Pablo Arts District.
