Mixed-Use Building with Vacant
For Sale
$2,750,000
2712-2726 Park Boulevard, Oakland, CA 94606
Combined residential and commercial configuration with multiple vacant spaces and flexible use potential.
Property Size11,022 SF
Lot Size0.23 Acres
Price / SF$249.50
Days on Market321
Property Features for 2712-2726 Park Boulevard
General Information
Standard status
Active
Size
11,022 SF
Lot size
0.23 Acres
Property subtype
Commercial Sale / Mixed Use
Occupancy
25%
Units
Unit Mix
6 x 1BD/1BA
Multifamily Units
6
Additional Details
Road Access
Yes
Amenities
2
Building Details
Year Built
1950
Buildings
1
Tenancy
Multi
Listing Agency:
Compass
(415) 728-6199
Listed By:
Carol Reen · License #01820082
(415) 728-6199
Source:
Compass
Added: Oct 15, 2025
Changed: Aug 29
Last Checked: Aug 29 at 3:51PM
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
Investment Insights
Based on property information with market context.
Built in 1950, this mixed-use property combines five vacant commercial units with six one-bedroom, one-bathroom apartments. Three of the residential units are vacant, while the commercial spaces provide additional interior areas for occupancy or build-out. The property also includes frontage along Park Boulevard and is positioned within the Ivy Hill area of Oakland.
An adjacent vacant lot of approximately 3,000 SF expands the site and was previously used as parking for nearby commercial buildings. The property information describes zoning that accommodates residential, commercial, or combined uses, supporting the existing mix of apartments and commercial units. The address is 2712-2726 Park Boulevard, Oakland, CA 94606.
An adjacent vacant lot of approximately 3,000 SF expands the site and was previously used as parking for nearby commercial buildings. The property information describes zoning that accommodates residential, commercial, or combined uses, supporting the existing mix of apartments and commercial units. The address is 2712-2726 Park Boulevard, Oakland, CA 94606.
Key Highlights
- Five vacant commercial units within the mixed‑use building
- Six 1BD/1BA residential apartments, including 3 vacant units
- Adjacent vacant lot measuring approximately ~3,000 SF
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
$216,544
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
7.87%
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%
$4,330,880
$4.3M
Cap Rate 7%
$3,093,486
$3.1M
Cap Rate 9%
$2,406,044
$2.4M
Market Conditions
NOI Build-Up for 11,022 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
$416.6K $37.80/SF
− Vacancy
−$22.9K −$2.08/SF
EGI
$393.7K $35.72/SF
− OpEx
−$177.2K −$16.07/SF
NOI
$216.5K $19.65/SF
Area
ZIP 94606
Vacancy
5.50%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
45.00%
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%
$4,330,880
Cap Rate 7%
$3,093,486
Cap Rate 9%
$2,406,044
Alternative Uses
Best Use
Apartment 5plus
$3.09M
$2.71M – $3.61M
NOI $216,544 @ 7.0% cap · market cap 7.87%
Second Best
Office B
$2.74M
$2.40M – $3.20M
NOI $191,948 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$5.02M
$4.39M – $5.86M
NOI $351,462 @ 7.0% cap · market cap 12.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
25%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,251
Businesses Nearby
Explore this area
Business Placement
Demographics for 94606, CA
40,768
Population
17,457
Households
2.3
Avg Household Size
37
Median Age
40%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
17,725
Density / Sq Mi
$70,769
Median Household Income
$47,558
Median Earnings
$1,775
Median Rent
$747,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Combined residential and commercial configuration with multiple vacant spaces and flexible use potential.
Where is this mixed-use property located?
The property is located at 2712-2726 Park Boulevard Oakland, CA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Five vacant commercial units within the mixed‑use building; Six 1BD/1BA residential apartments, including 3 vacant units; Adjacent vacant lot measuring approximately ~3,000 SF
