Versatile Commercial Property For
2860 38th Ave, Oakland, CA 94619
For Sale
$748,000
3,050 sq. ft. building ideal for auto repair.
Property Size3,050 SF
Lot Size0.11 Acres
Price / SF$245.25
Days on Market389
Property Features for 2860 38th Ave
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Amenities
Enclosed
Building Details
Year Built
Listing Agency:
VILLAGE PROPERTIES & ASSOC.
(510) 481-8400
Listed By:
SAM MEDINA · License CA #01421545
(510) 750-0214
Source:
Corcoran
Added: Oct 17, 2025
Changed: Aug 8
Last Checked: Oct 28 at 11:29AM
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 VILLAGE PROPERTIES & ASSOC.
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Investment Insights
Based on property information with market context.
This commercial property offers a 3,050 sq. ft. building on a 5,000 sq. ft. lot, suitable for auto repair, retail, or light industrial use. The property includes a spacious shop area, two drive-in doors, a reception area, and office space. Multiple storage rooms are available. A secure rear parking area is included. The property is zoned RM-3, C, S-13. The location is just below I-580, providing visibility and access to major thoroughfares for local and commuter traffic.
Key Highlights
- Versatile commercial property suitable for auto repair, retail, or light industrial use.
- Convenient location just below I‑580 with great visibility and easy access to major thoroughfares.
- Spacious 3,050 sq. ft. building on a 5,000 sq. ft. lot.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,137
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,182,740
$1.2M
Cap Rate 7%
$844,814
$844.8K
Cap Rate 9%
$657,078
$657.1K
Market Conditions
NOI Build-Up for 3,050 SF
Gross rent
$89.3K $29.28/SF
− Vacancy
−$4.8K −$1.58/SF
EGI
$84.5K $27.70/SF
− OpEx
−$25.3K −$8.31/SF
NOI
$59.1K $19.39/SF
Area
Oakland, CA
Vacancy
5.40%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,182,740
Cap Rate 7%
$844,814
Cap Rate 9%
$657,078
Alternative Uses
Best Use
Retail
$844.8K
$739.2K – $985.6K
NOI $59,137 @ 7.0% cap · market cap 7.91%
Second Best
Industrial
$533.1K
$466.4K – $621.9K
NOI $37,314 @ 7.0% cap · market cap 4.99%
Theoretical Best
Multifamily LT 5
$998.6K
$873.7K – $1.16M
NOI $69,899 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
771
Businesses Nearby
69k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 22%
Home Improvements & Furnishings 16%
Apparel 10%
Laurel Ace Hardware
Home Improvements & Furnishings
10,957 visits/mo
0.4 miles
Chevron
Shops & Services
9,768 visits/mo
0.4 miles
Citibank
Shops & Services
9,174 visits/mo
0.4 miles
Goodwill
Apparel
6,834 visits/mo
0.5 miles
Bank of America
Shops & Services
6,674 visits/mo
0.4 miles
Demographics for 94619, CA
24,867
Population
10,348
Households
2.4
Avg Household Size
41
Median Age
57%
College-Educated
89%
High-School Grad
8.3 sq mi
ZIP Area
2,996
Density / Sq Mi
$129,879
Median Household Income
$65,351
Median Earnings
$2,131
Median Rent
$997,300
Median Home Value
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Market
Average Price Trend$/SF for Auto shops in Alameda County, CA
Properties on Market for Auto shops in Alameda County
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- AutoGlass☆MobileRepair — 2009 41st Ave, Oakland, CA 94601
- Cutler Car — 1915 rosedale ave, oakland, ca 94601
- Mobile Auto Glass — 1817 41st Ave apt 4, Oakland, CA 94601
- Layed up Customs -Window tinting and wraps — 4075 Foothill Blvd, Oakland, CA 94601
- Auto Works and Company — 3900 Foothill Blvd, Oakland, CA 94601
Frequently Asked Questions
What type of property is this?
Auto shop - 3,050 sq. ft. building ideal for auto repair.
Where is this auto shop located?
The property is located at 2860 38th Ave Oakland, CA.
What is the asking price?
The asking price for this property is $748,000.
What are key features of this property?
This property features: Versatile commercial property suitable for auto repair, retail, or light industrial use.; Convenient location just below I‑580 with great visibility and easy access to major thoroughfares.; Spacious 3,050 sq. ft. building on a 5,000 sq. ft. lot.
