Mixed-Use Building with Development
For Sale
$2,750,000
2712 Park Boulevard, Oakland, CA 94606
Multi-use building with vacant commercial units and development potential.
Property Size11,022 SF
Lot Size0.16 Acres
Price / SF$249.50
Days on Market369
Property Features for 2712 Park Boulevard
General Information
Standard status
Active
Size
11,022 SF
Lot size
0.16 Acres
Property subtype
Commercial
Amenities
Freeway Nearby
Hospital Nearby
Low Maintenance
Near Public Transit
Neighborhood
Restaurant Nearby
Shopping Nearby
Sidewalk/Curb/Gutter
Building Details
Year Built
1950
Listing Agency:
COMPASS
(415) 660-9955
Listed By:
CAROL REEN · License #01820082
(415) 728-6199
Source:
Corcoran
Added: Oct 16, 2025
Changed: Oct 11
Last Checked: Oct 19 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 COMPASS
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$163,677
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,273,540
$3.3M
Cap Rate 7%
$2,338,243
$2.3M
Cap Rate 9%
$1,818,633
$1.8M
Market Conditions
NOI Build-Up for 11,022 SF
Gross rent
$291.0K $26.40/SF
− Vacancy
−$29.1K −$2.64/SF
EGI
$261.9K $23.76/SF
− OpEx
−$98.2K −$8.91/SF
NOI
$163.7K $14.85/SF
Area
ZIP 94606
Vacancy
10.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,273,540
Cap Rate 7%
$2,338,243
Cap Rate 9%
$1,818,633
Alternative Uses
Best Use
Mixed Use
$2.34M
$2.05M – $2.73M
NOI $163,677 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
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.
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Property Analytics
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
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.
