Industrial Warehouse with Secured
For Sale
Contact for pricing
2960 Chapman St, Oakland, CA 94601
Enclosed, high-fenced secured yard connects to office space within a warehouse totaling 19,030 SF.
Property Size19,030 SF
Price / SF$189.17
Days on Market244
Property Features for 2960 Chapman St
General Information
Standard status
Active
Size
19,030 SF
Property subtype
Industrial
Zoning
D-CE3 / S-19
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Additional Details
Opportunity Zone
Yes
Building Details
Year Built
1944
Buildings
1
Stories
1
Listing Agency:
Coldwell Banker Commercial Westbay Real Estate Group
Listed By:
Andrew Peceimer · License #00993289
Source:
Crexi
Added: Feb 18
Changed: Oct 11
Last Checked: Oct 19 at 6:14AM
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 Coldwell Banker Commercial Westbay Real Estate Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property includes a warehouse totaling 19,030 SF with approximately 1,500 SF of office space. It offers a large, enclosed, paved and secured yard with high fencing and a designated green zone. Available now, the listing also notes a total available area for lease of approximately 12,000 SF.
Secure yard access is provided from Chapman Street and East 7th Street. The location is described as having quick access to I-880 and being about 15 minutes to Oakland Airport, with proximity to Alameda.
Overall, the facility is configured to support operations that benefit from secure outdoor storage and direct access to the enclosed yard area from the adjacent streets.
Secure yard access is provided from Chapman Street and East 7th Street. The location is described as having quick access to I-880 and being about 15 minutes to Oakland Airport, with proximity to Alameda.
Overall, the facility is configured to support operations that benefit from secure outdoor storage and direct access to the enclosed yard area from the adjacent streets.
Key Highlights
- Total available for lease: 12,000 SF, priced at $0.99 Gross PSF per month for the first 12 months
- Building offers 19,030 SF total, including about 1,500 SF of office space
- Large enclosed, paved, high‑fenced secured yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$282,704
Cap Rate
7.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,654,080
$5.7M
Cap Rate 7%
$4,038,629
$4.0M
Cap Rate 9%
$3,141,156
$3.1M
Market Conditions
NOI Build-Up for 19,030 SF
Gross rent
$363.1K $19.08/SF
− Vacancy
−$30.5K −$1.60/SF
EGI
$332.6K $17.48/SF
− OpEx
−$49.9K −$2.62/SF
NOI
$282.7K $14.86/SF
Area
ZIP 94601
Vacancy
8.40%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,654,080
Cap Rate 7%
$4,038,629
Cap Rate 9%
$3,141,156
Alternative Uses
Best Use
Warehouse
$4.04M
$3.53M – $4.71M
NOI $282,704 @ 7.0% cap · market cap 7.85%
Second Best
Industrial
$3.33M
$2.91M – $3.88M
NOI $232,815 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$7.76M
$6.79M – $9.05M
NOI $542,978 @ 7.0% cap · market cap 15.08%
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
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,883
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94601, CA
54,166
Population
17,454
Households
3.1
Avg Household Size
35
Median Age
24%
College-Educated
70%
High-School Grad
3.2 sq mi
ZIP Area
16,927
Density / Sq Mi
$66,651
Median Household Income
$37,765
Median Earnings
$1,651
Median Rent
$703,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Enclosed, high-fenced secured yard connects to office space within a warehouse totaling 19,030 SF.
Where is this flex space located?
The property is located at 2960 Chapman St Oakland, CA.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Total available for lease: 12,000 SF, priced at $0.99 Gross PSF per month for the first 12 months; Building offers 19,030 SF total, including about 1,500 SF of office space; Large enclosed, paved, high‑fenced secured yard
