Oakland Industrial Flex
290 27th St, Oakland, CA 94612
22k+ SF industrial flex building in prime Oakland location.
Type:Industrial
Property size:
22,289 SFPrice / SF:
$219/SF- Added:
- Nov 21, 2025
- Days on Market:
- 182
- Last Refresh:
- Dec 3 at 5:23 am
Property Features for 290 27th St
General Information
- Standard status
- Active
- Size
- 22,289 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1947
Listing agent Michael Wess, CCIM (404) 876-1640
Listing office Bull Realty (404) 876-1640
Listing date Nov 21, 2025
Source Naiglobal
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 Bull Realty
HighLights
- Prime location near Oakland's Valdez Triangle with quick access to BART, I‑580, 980, Lake Merritt, and Downtown Oakland amenities.
- 22,000+ SF industrial flex building suitable for industrial, heavy commercial operators, or value‑add investors.
- Flexible zoning allows for a broad range of office, commercial, residential, and mixed‑use activities.
- Opportunity for owner‑users or investors to benefit from Downtown Oakland redevelopment projects.
- Includes a 4,400 SF ground floor office/showroom with near floor‑to‑ceiling windows and a 14,000+ SF warehouse with two grade‑level/drive‑in doors.
- Adaptive reuse, redevelopment, or conversion potential.
Overview
This 22,289 square foot industrial flex building, originally constructed in 1947, is located at the northern edge of Oakland's Valdez Triangle. The property features a 4,400 square foot ground floor office/showroom with near floor-to-ceiling windows and a main entrance on 27th Street. A 14,000+ square foot warehouse bay wraps around the office/showroom space, accessible via two grade-level/drive-in doors on opposing ends of the property with curb cuts on 27th Street. The second floor includes an additional 3,700 square feet of office space, accessed by two stairwells on either side of the showroom. The property was previously used by a printing and marketing company, utilizing the ground floor for printing operations and customer service. The property will be delivered vacant in "as-is" condition. The location provides quick access to BART, I-580, 980, and is within walking distance of Lake Merritt and Downtown Oakland amenities. The flexible zoning allows for a broad range of office, commercial, and residential/mixed-use activities. This property offers adaptive reuse, redevelopment, or conversion potential.
Financial Insights
Value Estimation Calculated for Flex RnD
Conservative
$3.48M
NOI $312,938 @ 9.00% cap · cautious / downside scenario
Moderate
$4.47M
NOI $312,938 @ 7.00% cap · market / base-case scenario
Aggressive
$6.26M
NOI $312,938 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Flex RnD
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $534.9k | $24.00 |
| − Vacancy | −$53.5k | −$2.40 |
| EGI | $481.4k | $21.60 |
| − OpEx | −$168.5k | −$7.56 |
| NOI | $312.9k | $14.04 |
22,289 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 35.00%
Alternative Use Scenarios
Best Use
Flex RnD
$4.47M
$3.91M – $5.22M
NOI $312,938 @ 7.0% cap · market cap 6.39%
Second Best
Office B
$4.27M
$3.74M – $4.98M
NOI $298,815 @ 7.0% cap · market cap 6.10%
Theoretical Best
Multifamily LT 5
$7.30M
$6.39M – $8.51M
NOI $510,814 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar Places Nearby
- Robert Dorsey Catering and Events — 344 20th St, Oakland, CA 94612
- Steph's Great Food — 1732 Webster St, Oakland, CA 94612
- Holly's BBQ — 1901 Harrison St Suit 1100, Oakland, CA 94612
- Jusla Eats / Jusla Catering — 1955 Broadway, Oakland, CA 94612
- Hopscotch Catering & Takeout — 1915 San Pablo Ave, Oakland, CA 94612
Location Insight
- Map
- Local Demand
- City
- Oakland
- County
- Alameda
- State
- California
- Longitude
- -122.2620821
- Latitude
- 37.8141872
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - 22k+ SF industrial flex building in prime Oakland location.
Where is this flex space located?
The property is located at 290 27th St Oakland, CA.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Prime location near Oakland's Valdez Triangle with quick access to BART, I‑580, 980, Lake Merritt, and Downtown Oakland amenities.; **22,000+ SF industrial flex building** suitable for industrial, heavy commercial operators, or value‑add investors.; Flexible zoning allows for a broad range of office, commercial, residential, and mixed‑use activities.
