Building Details

Year built 1941

Floors in Building 1

Flooring type Concrete, Laminate, Tile, Linoleum

Roof type Tar/Gravel

Listing Agency: Real Brokerage Technologies c***@therealbrokerage.com Show Phone

Listed By: Claudia Camacho · License #02151146 Show Phone

Added: Sep 22 Changed: Oct 21 Last Checked: Oct 21 at 12:06PM

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MLS# ML82061221

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Investment Insights

Based on property information with market context.

The restaurant property at 2633 San Pablo Avenue contains a 1,393-square-foot building on a 5,000-square-foot corner parcel with frontage on two sides. Built in 1941, the structure has concrete, linoleum, tile, and laminate flooring, forced-air natural gas and central heating, and ceiling fans for cooling. The roof is tar and gravel.

The property is on San Pablo Avenue in Oakland. Its zoning is Industrial; buyers should verify use and development options with the city. Public water and sewer serve the site.

Key Highlights

• Existing neighborhood restaurant occupies a 1,393‑square‑foot building
• 5,000‑square‑foot corner lot with frontage on two sides
• Industrial zoning; verify use and development options with the city

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,966

Cap Rate

4.76%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$619,320 $619.3K

Cap Rate 7%

$442,371 $442.4K

Cap Rate 9%

$344,067 $344.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,393 SF

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 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 (±1% cap)

NOI $30,966 @ 7.0% cap · market cap 4.76%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$456.1K

$399.1K – $532.1K (±1% cap)

NOI $31,924 @ 7.0% cap · market cap 4.91%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Veterinary Clinic (Bike/Boat/Book/etc) Store Electrical Service Pet Grooming Service Tanning Salon Clothing & Fashion Store

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

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

4,282

Businesses Nearby

51k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 63% Dining 35% Electronics 2%

AMPM Shops & Services

15,078 visits/mo 0.3 miles

Starbucks Dining

11,688 visits/mo 0.4 miles

AutoZone Shops & Services

7,492 visits/mo 0.0 miles

Twin Peaks Dining

5,983 visits/mo 0.3 miles

Oil Changers Shops & Services

2,695 visits/mo 0.4 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

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - An existing restaurant occupies a commercial building with public water and sewer service.

Where is this conventional restaurant located?

The property is located at 2633 San Pablo Avenue Oakland, CA.

What is the asking price?

The asking price for this property is $649,995.

What are key features of this property?

This property features: Existing neighborhood restaurant occupies a 1,393‑square‑foot building; 5,000‑square‑foot corner lot with frontage on two sides; Industrial zoning; verify use and development options with the city