Modernized Mixed-Use
For Sale
$3,595,000
274 14th Street, Oakland, CA 94612
Historic façade paired with fully reconstructed interiors, commercial space, office suites, residential lofts, and a commercial kitchen.
Property Size14,900 SF
Days on Market18
Property Features for 274 14th Street
General Information
Standard status
Active
Size
14,900 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
4 x loft-style
Multifamily Units
4
Building Details
Building Size
14,900 SF
Year Built
1925
Buildings
1
Units
10
Tenancy
Multi
Listing Agency:
(510) 919-4919
Listed By:
Kent Mitchell · License #CalDRE #01784628
Source:
Nainorcal
Added: Aug 12
Changed: Aug 26
Last Checked: Aug 29 at 8:02AM
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 Kent Mitchell
Investment Insights
Based on property information with market context.
This mixed-use property combines a preserved historic façade with a comprehensive reconstruction from the studs. Building improvements include a new roof, entirely updated electrical and plumbing systems, modern building components, and refreshed interior finishes. The configuration brings together ground-floor commercial space, professional office suites, four loft-style residential units, and a lower-level commercial kitchen occupied by a catering business.
The property is positioned in Downtown Oakland near Frank H. Ogawa Plaza, Uptown, City Center, and the Broadway corridor. Regional transportation access includes the 12th Street and 19th Street BART stations, AC Transit, and Interstates 880, 980, and 580. The surrounding area includes government offices, major employers, dining, retail, entertainment, and cultural amenities. Built in 1925, the property pairs historic exterior character with modernized building systems and interiors.
The property is positioned in Downtown Oakland near Frank H. Ogawa Plaza, Uptown, City Center, and the Broadway corridor. Regional transportation access includes the 12th Street and 19th Street BART stations, AC Transit, and Interstates 880, 980, and 580. The surrounding area includes government offices, major employers, dining, retail, entertainment, and cultural amenities. Built in 1925, the property pairs historic exterior character with modernized building systems and interiors.
Key Highlights
- Mixed‑use configuration with ground‑floor commercial space, professional office suites, and four loft‑style residential units
- Lower‑level commercial kitchen occupied by an established catering business
- Reconstructed from the studs with a new roof and updated electrical and plumbing systems
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
$314,614
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
8.75%
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%
$6,292,280
$6.3M
Cap Rate 7%
$4,494,486
$4.5M
Cap Rate 9%
$3,495,711
$3.5M
Market Conditions
NOI Build-Up for 14,900 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
$599.0K $40.20/SF
− Vacancy
−$27.0K −$1.81/SF
EGI
$572.0K $38.39/SF
− OpEx
−$257.4K −$17.28/SF
NOI
$314.6K $21.12/SF
Area
Oakland, CA
Vacancy
4.50%
Lease Rate
$40.20 /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%
$6,292,280
Cap Rate 7%
$4,494,486
Cap Rate 9%
$3,495,711
Alternative Uses
Best Use
Specialty Retail
$4.73M
$4.14M – $5.52M
NOI $331,227 @ 7.0% cap · market cap 9.21%
Second Best
Apartment 5plus
$4.49M
$3.93M – $5.24M
NOI $314,614 @ 7.0% cap · market cap 8.75%
Theoretical Best
Multifamily LT 5
$4.88M
$4.27M – $5.69M
NOI $341,475 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
9,768
Businesses Nearby
Explore this area
Business Placement
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic façade paired with fully reconstructed interiors, commercial space, office suites, residential lofts, and a commercial kitchen.
Where is this mixed-use property located?
The property is located at 274 14th Street Oakland, CA.
What is the asking price?
The asking price for this property is $3,595,000.
What are key features of this property?
This property features: Mixed‑use configuration with ground‑floor commercial space, professional office suites, and four loft‑style residential units; Lower‑level commercial kitchen occupied by an established catering business; Reconstructed from the studs with a new roof and updated electrical and plumbing systems
