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 Market198
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: Aug 24
Last Checked: Sep 2 at 5:44PM
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
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 = 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
$282,704
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
7.85%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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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
