Flex Space with Rear
For Sale
$998,000
2968 Macarthur Blvd, Oakland, CA 94602
Open-span commercial building with flexible layout, substantial ceiling height, gated parking, and a two-story rear mezzanine.
Property Size3,100 SF
Lot Size0.20 Acres
Price / SF$315.62
Days on Market49
Property Features for 2968 Macarthur Blvd
General Information
Standard status
Active
Size
3,100 SF
Total Parking Spaces
18
Lot size
0.20 Acres
Property subtype
Commercial/Industrial
Additional Details
Fenced Yard
Yes
Clear Span
Yes
Amenities
Fully fenced
security gate
Building Details
Year Built
1948
Buildings
1
Building Size
3,100 SF
Listing Agency:
KW Advisors East Bay
(510) 775-1079
Listed By:
Gaylen Roberts · License #01885597
(510) 761-9536
Source:
Exitrealty
Added: Sep 4
Changed: Oct 11
Last Checked: Oct 19 at 5:12AM
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 KW Advisors East Bay
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex space includes a 3100+ sqft building on an 8600+ sqft flat lot. The interior features a wide-open span, 16+' ceilings, and a two-story rear mezzanine, supporting a range of commercial layouts. Recent improvements include the roof, skylights, dual-pane storefront windows, and storefront doors. The property is fully fenced with a security gate and parking for 18+ cars.
Located at 2968 Macarthur Blvd in Oakland, the property sits between the Dimond and Laurel districts. BART is approximately 12 mins away by car, with parks and other Oakland destinations also within reach. The source information identifies potential applications including restaurant, live/work, studio, office, business, subdivision, and reconfiguration uses.
Located at 2968 Macarthur Blvd in Oakland, the property sits between the Dimond and Laurel districts. BART is approximately 12 mins away by car, with parks and other Oakland destinations also within reach. The source information identifies potential applications including restaurant, live/work, studio, office, business, subdivision, and reconfiguration uses.
Key Highlights
- 3100+ sqft building on an 8600+ sqft flat lot
- Wide‑open span with 16+' ceilings
- Two‑story rear mezzanine
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,394
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$887,880
$887.9K
Cap Rate 7%
$634,200
$634.2K
Cap Rate 9%
$493,267
$493.3K
Market Conditions
NOI Build-Up for 3,162 SF
Gross rent
$75.9K $24.00/SF
− Vacancy
−$7.6K −$2.40/SF
EGI
$68.3K $21.60/SF
− OpEx
−$23.9K −$7.56/SF
NOI
$44.4K $14.04/SF
Area
Oakland, CA
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$887,880
Cap Rate 7%
$634,200
Cap Rate 9%
$493,267
Alternative Uses
Best Use
Flex RnD
$634.2K
$554.9K – $739.9K
NOI $44,394 @ 7.0% cap · market cap 4.45%
Second Best
Office B
$605.6K
$529.9K – $706.5K
NOI $42,391 @ 7.0% cap · market cap 4.25%
Theoretical Best
Multifamily LT 5
$1.04M
$905.8K – $1.21M
NOI $72,466 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,107
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Savoy Catering — 3110 35th Ave, Oakland, CA 94619
- Kandy.Kenz — School St, Oakland, CA 94602
- RSVP Catering — 3427 Curran Way, Oakland, CA 94602
- Bay Leaf Catering — 3033 MacArthur Blvd, Oakland, CA 94602
- Kitchen 1014 #2 — 2818 MacArthur Blvd, Oakland, CA 94602
Frequently Asked Questions
What type of property is this?
Flex space - Open-span commercial building with flexible layout, substantial ceiling height, gated parking, and a two-story rear mezzanine.
Where is this flex space located?
The property is located at 2968 Macarthur Blvd Oakland, CA.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: 3100+ sqft building on an 8600+ sqft flat lot; Wide‑open span with 16+' ceilings; Two‑story rear mezzanine
