Oakland Mixed-Use Investment
For Sale
$850,000
2946 Macarthur Blvd, Oakland, CA 94602
Two buildings totaling 2,601 SF on MacArthur Boulevard.
Property Size2,601 SF
Lot Size0.10 Acres
Price / SF$326.80
Days on Market98
Property Features for 2946 Macarthur Blvd
General Information
Standard status
Active
Size
2,601 SF
Lot size
0.10 Acres
Listing Agency:
Vanguard Properties
(650) 892-9934
Listed By:
Tammy Choy · License #02023115
(650) 892-9934
Source:
Exprealty
Added: May 26
Changed: Aug 21
Last Checked: Aug 31 at 12:21AM
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 Vanguard Properties
Investment Insights
Based on property information with market context.
Located on MacArthur Boulevard between Oakland’s Dimond and Laurel Districts, this property offers an opportunity for owner-users or investors. The property includes two buildings totaling approximately 2,601 square feet on a 4,336 square foot lot. The configuration allows for a range of uses, with a street-facing retail space and a rear building suitable for creative, office, or studio use. Zoned RU-4, the property allows for diverse commercial and mixed-use potential. The property is situated along a high-visibility commercial corridor.
Key Highlights
- High‑visibility location on MacArthur Boulevard.
- Flexible configuration with street‑facing retail and rear building suitable for creative, office, or studio use.
- RU‑4 zoning allows for diverse commercial and mixed‑use potential (buyer to verify).
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
$50,431
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
5.93%
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%
$1,008,620
$1.0M
Cap Rate 7%
$720,443
$720.4K
Cap Rate 9%
$560,344
$560.3K
Market Conditions
NOI Build-Up for 2,601 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
$76.2K $29.28/SF
− Vacancy
−$4.1K −$1.58/SF
EGI
$72.0K $27.70/SF
− OpEx
−$21.6K −$8.31/SF
NOI
$50.4K $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 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%
$1,008,620
Cap Rate 7%
$720,443
Cap Rate 9%
$560,344
Alternative Uses
Best Use
Retail
$720.4K
$630.4K – $840.5K
NOI $50,431 @ 7.0% cap · market cap 5.93%
Second Best
Mixed Use
$564.0K
$493.5K – $658.1K
NOI $39,483 @ 7.0% cap · market cap 4.65%
Theoretical Best
Multifamily LT 5
$851.6K
$745.1K – $993.5K
NOI $59,609 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,107
Businesses Nearby
44k
Monthly Visits Nearby
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings totaling 2,601 SF on MacArthur Boulevard.
Where is this mixed-use property located?
The property is located at 2946 Macarthur Blvd Oakland, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: High‑visibility location on MacArthur Boulevard.; Flexible configuration with street‑facing retail and rear building suitable for creative, office, or studio use.; RU‑4 zoning allows for diverse commercial and mixed‑use potential (buyer to verify).
