Oakland Restaurant/Cafe
For Sale
$749,000
2818 Macarthur Blvd, Oakland, CA 94602
Turn-key restaurant/cafe with functioning hoods in Oakland's Diamond District.
Property Size988 SF
Price / SF$758.10
Days on Market246
Property Features for 2818 Macarthur Blvd
General Information
Standard status
Active
Size
988 SF
Property subtype
Commercial
Amenities
Corner
Off-Site Parking
Regular
Tile Flooring
Building Details
Year Built
1958
Listing Agency:
CRH GROUP INC.
(510) 978-1200
Listed By:
LOVEL MAGIDISH
(510) 894-5503
Source:
Corcoran
Added: Feb 3
Changed: Aug 26
Last Checked: Aug 14 at 6:01AM
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 CRH GROUP INC.
Investment Insights
Based on property information with market context.
This stand-alone restaurant cafe is centrally located in Oakland's Diamond District. The property features a turn-key kitchen equipped with 3 functioning hoods. With a property size of 988 square feet, this space is suitable for opening a new restaurant or cafe. It could also serve as a prep location for a catering business. The building owners are willing to collaborate to support neighborhood growth. The seller is open to carrying a loan. Existing kitchen equipment can be kept or removed based on the new owner's needs.
Key Highlights
- Turn‑key kitchen with 3 functioning hoods, ready for immediate use.
- Centrally located in Oakland's Diamond District, offering high visibility.
- Ideal for restaurant, cafe, or catering business.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,963
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$439,260
$439.3K
Cap Rate 7%
$313,757
$313.8K
Cap Rate 9%
$244,033
$244.0K
Market Conditions
NOI Build-Up for 988 SF
Gross rent
$30.8K $31.20/SF
− Vacancy
−$1.5K −$1.56/SF
EGI
$29.3K $29.64/SF
− OpEx
−$7.3K −$7.41/SF
NOI
$22.0K $22.23/SF
Area
Oakland, CA
Vacancy
5.00%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$439,260
Cap Rate 7%
$313,757
Cap Rate 9%
$244,033
Alternative Uses
Best Use
Specialty Retail
$313.8K
$274.5K – $366.1K
NOI $21,963 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$323.5K
$283.0K – $377.4K
NOI $22,643 @ 7.0% cap · market cap 3.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,107
Businesses Nearby
44k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Dining 31%
Apparel 16%
Electronics 6%
Taco Bell
Dining
13,737 visits/mo
0.4 miles
7-Eleven
Shops & Services
11,176 visits/mo
0.4 miles
Chevron
Shops & Services
9,768 visits/mo
0.5 miles
Goodwill
Apparel
6,834 visits/mo
0.5 miles
Metro by T-Mobile
Electronics
2,493 visits/mo
0.5 miles
Demographics for 94602, CA
29,702
Population
13,072
Households
2.3
Avg Household Size
42
Median Age
58%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
8,251
Density / Sq Mi
$124,744
Median Household Income
$65,401
Median Earnings
$1,924
Median Rent
$1,111,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- Shaan Indian Cuisine — 3434 Fruitvale Ave, Oakland, CA 94602
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turn-key restaurant/cafe with functioning hoods in Oakland's Diamond District.
Where is this conventional restaurant located?
The property is located at 2818 Macarthur Blvd Oakland, CA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Turn‑key kitchen with 3 functioning hoods, ready for immediate use.; Centrally located in Oakland's Diamond District, offering high visibility.; Ideal for restaurant, cafe, or catering business.
