Mixed-Use Building with
For Sale
$799,500
2811 Havenscourt, Oakland, CA 94605
Versatile Oakland building with restaurant, warehouse, office, and living space.
Property Size3,401 SF
Lot Size0.07 Acres
Price / SF$235.08
Days on Market197
Property Features for 2811 Havenscourt
General Information
Standard status
Active
Size
3,401 SF
Lot size
0.07 Acres
Property subtype
Commercial
Amenities
Sidewalk
Street Lights
Listing Agency:
COLDWELL BANKER SOLANO PACIFIC
7456000
Listed By:
SHARON A WILLIAMS · License #01849420
Source:
Corcoran
Added: Feb 18
Changed: Sep 2
Last Checked: Sep 1 at 8:05PM
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 COLDWELL BANKER SOLANO PACIFIC
Investment Insights
Based on property information with market context.
This mixed-use building in Oakland, California, offers a range of possibilities. For over 30 years, the property has operated as a Szechuan restaurant at the front, complemented by a spacious storage area, office space, and warehouse in the rear. Additionally, the building includes a 2-bedroom, 1-bath living space with both interior and exterior access. The property has a total size of 3401 square feet. The entire property is being sold together.
Key Highlights
- Versatile building suitable for living, working, or a blend of both.
- Includes a 2‑bedroom, 1‑bath living space with interior and exterior access.
- Features a spacious storage area, office, and warehouse.
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
$54,377
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
6.80%
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%
$1,087,540
$1.1M
Cap Rate 7%
$776,814
$776.8K
Cap Rate 9%
$604,189
$604.2K
Market Conditions
NOI Build-Up for 3,401 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
$77.5K $22.80/SF
− Vacancy
−$5.0K −$1.48/SF
EGI
$72.5K $21.32/SF
− OpEx
−$18.1K −$5.33/SF
NOI
$54.4K $15.99/SF
Area
ZIP 94605
Vacancy
6.50%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
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%
$1,087,540
Cap Rate 7%
$776,814
Cap Rate 9%
$604,189
Alternative Uses
Best Use
Specialty Retail
$776.8K
$679.7K – $906.3K
NOI $54,377 @ 7.0% cap · market cap 6.80%
Second Best
Mixed Use
$670.5K
$586.7K – $782.2K
NOI $46,934 @ 7.0% cap · market cap 5.87%
Theoretical Best
Multifamily LT 5
$983.5K
$860.5K – $1.15M
NOI $68,843 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
932
Businesses Nearby
Explore this area
Business Placement
Demographics for 94605, CA
44,294
Population
17,686
Households
2.5
Avg Household Size
39
Median Age
43%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
5,033
Density / Sq Mi
$101,043
Median Household Income
$62,590
Median Earnings
$1,867
Median Rent
$840,700
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 - Versatile Oakland building with restaurant, warehouse, office, and living space.
Where is this mixed-use property located?
The property is located at 2811 Havenscourt Oakland, CA.
What is the asking price?
The asking price for this property is $799,500.
What are key features of this property?
This property features: Versatile building suitable for living, working, or a blend of both.; Includes a 2‑bedroom, 1‑bath living space with interior and exterior access.; Features a spacious storage area, office, and warehouse.
