Oakland Industrial Flex
290 27th St, Oakland, CA 94612
22k+ SF industrial flex building in prime Oakland location.
Property size:
22,000 SFPrice / SF:
$222/SF- Added:
- Mar 6, 2026
- Days on Market:
- 71
- Last Refresh:
- Apr 5 at 11:23 pm
Property Features for 290 27th St
General Information
- Standard status
- Active
- Size
- 22,000 SF
Building Details
- Year Built
- 1947
Listing agent Rolando Reyes Jr. License #CalDRE #02095743 (510) 332-6601
Listing office (510) 332-6601
Listing date Mar 6, 2026
Source Nainorcal
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 Rolando Reyes Jr.
HighLights
- Prime location near Oakland's Valdez Triangle with quick access to BART, I‑580, and 980.
- Flexible zoning allows for a broad range of office, commercial, and residential/mixed‑use activities.
- Substantial 22,000+ SF industrial flex building suitable for industrial, heavy commercial operators, or investors.
- Opportunity for owner‑users or investors to benefit from Downtown Oakland redevelopment.
- Features a 4,400 SF office/showroom with near floor‑to‑ceiling windows.
- Includes a 14,000+ SF warehouse bay with two grade‑level/drive‑in doors.
Overview
This industrial flex building, constructed in 1947, offers over 22,000 square feet of space suitable for industrial, heavy commercial operators, or investors seeking value-add opportunities. The property features a ground-floor office/showroom spanning 4,400 square feet, characterized by near floor-to-ceiling windows and a main entrance on 27th Street. A warehouse bay, encompassing over 14,000 square feet, surrounds the office/showroom area and is accessible through two grade-level/drive-in doors located on opposite ends of the property, with curb cuts on 27th Street. Situated on the northern edge of Oakland's Valdez Triangle, the location provides convenient access to BART, I-580, and 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 presents an opportunity for owner-users seeking a superior location or for investors to capitalize on the redeveloping Downtown Oakland market. The location is considered a walker's and biker's paradise, with close proximity to local eateries and amenities, and benefits directly from Downtown Oakland redevelopment projects, offering adaptive reuse, redevelopment, or conversion potential.
Financial Insights
Value Estimation Calculated for Warehouse
Conservative
$3.63M
NOI $326,825 @ 9.00% cap · cautious / downside scenario
Moderate
$4.67M
NOI $326,825 @ 7.00% cap · market / base-case scenario
Aggressive
$6.54M
NOI $326,825 @ 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 Warehouse
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $419.8k | $19.08 |
| − Vacancy | −$35.3k | −$1.60 |
| EGI | $384.5k | $17.48 |
| − OpEx | −$57.7k | −$2.62 |
| NOI | $326.8k | $14.86 |
22,000 SF · lease $19.08/SF/yr · vacancy 8.40% · expense 15.00%
Alternative Use Scenarios
Best Use
Warehouse
$4.67M
$4.09M – $5.45M
NOI $326,825 @ 7.0% cap · market cap 6.67%
Second Best
Flex RnD
$4.41M
$3.86M – $5.15M
NOI $308,880 @ 7.0% cap · market cap 6.30%
Theoretical Best
Multifamily LT 5
$7.20M
$6.30M – $8.40M
NOI $504,191 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
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
- -122.262
- Latitude
- 37.8142
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, and 980.; Flexible zoning allows for a broad range of office, commercial, and residential/mixed‑use activities.; Substantial 22,000+ SF industrial flex building suitable for industrial, heavy commercial operators, or investors.
