Mixed-Use Building with Development
2712 Park Boulevard Oakland, CA 94606
2712 Park Boulevard, Oakland, CA, 94606
$2,750,000
For Sale
$2,750,000
Multi-use building with vacant commercial units and development potential.
Property Size11,022 SF
Lot Size0.16 Acres
Price / SF$249.50
Days on Market279
Property Features for 2712 Park Boulevard
General Information
- Standard status
- Active
- Size
- 11,022 SF
- Lot size
- 0.16 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing Agency
COMPASS
(415) 660-9955
Listed by
CAROL REEN · License #01820082
Source
Corcoran
Added: Oct 16, 2025 Updated: Jul 10 at 3:46 pm Checked: Jul 20 at 4:03 am
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.
This mixed-use property presents an investment opportunity in the Ivy Hill neighborhood. The building features five vacant commercial units and six residential apartments, three of which are vacant. The total interior measures approximately 9,700 square feet. An adjacent vacant lot of approximately 3,000 square feet offers development or expansion potential. Previously, the lot was used as a parking area for the commercial building. The total lot size is approximately 10,000 square feet, and the total building size is approximately 10,943 square feet. The flexible zoning regulations allow for various investment avenues, including residential, commercial, or a combination of both. The commercial spaces offer income potential and are suitable for retail shops or professional offices.
Key Highlights
- Prime Location: Situated in the heart of vibrant Ivy Hill, offering excellent frontage and visibility.
- High Income Potential: 5 vacant commercial units and 3 vacant residential apartments offer immediate income opportunities.
- Substantial Building Size: Approximately 10,943 SF building provides ample space.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $330.7k | $30.00 |
| − Vacancy | −$74.7k | −$6.78 |
| EGI | $255.9k | $23.22 |
| − OpEx | −$64.0k | −$5.81 |
| NOI | $191.9k | $17.42 |
11,022 SF · lease $30.00/SF/yr · vacancy 22.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.74M
$2.40M – $3.20M
NOI $191,948 @ 7.0% cap · market cap 6.98%
Second Best
Mixed Use
$2.34M
$2.05M – $2.73M
NOI $163,677 @ 7.0% cap · market cap 5.95%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Multi-use building with vacant commercial units and development potential.
Where is this mixed-use property located?
The property is located at 2712 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: Prime Location: Situated in the heart of vibrant Ivy Hill, offering excellent frontage and visibility.; High Income Potential: 5 vacant commercial units and 3 vacant residential apartments offer immediate income opportunities.; Substantial Building Size: Approximately 10,943 SF building provides ample space.
