Flex Building with Rear
For Sale
$998,000
2968 Macarthur Blvd, Oakland, CA 94602
Commercial Sale, Oakland, CA
Property Size3,100 SF
Lot Size0.20 Acres
Price / SF$315.62
Days on Market46
Property Features for 2968 Macarthur Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Unkn
Parking
18
Parking features
Secured, On Street
Security features
Security
Window features
Skylight(s)
Exterior features
Landscaping
Fencing
Fenced
Appliances
Water Heater
Subdivision
DIMOND DISTRICT
Lot features
Business District, Mid- Block, Neighborhood, Residential Area, Shopping Nearby, Warehouse
Standard status
Active
APN
29977383
Size
3,162 SF
Lot size
0.20 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1948
Floors in Building
1
Flooring type
Concrete
Building materials
Stucco, Siding - Stucco
Roof type
Composition
Listing Agency:
KW Advisors East Bay · Keller Williams Realty
(510) 775-1079
Listed By:
Gaylen Roberts · License #01885597
(510) 761-9536
Added: Sep 2
Changed: Sep 16
Last Checked: Oct 17 at 8:06PM
MLS# 41146951
Copyright © 2026 bridgeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,162-square-foot flex building sits on a 0.1994-acre lot and features an open-span interior, 16-plus-foot ceilings, and a two-story rear mezzanine. The property includes a concrete floor, stucco construction, public water and sewer, forced-air heating, and a water heater. Recent improvements include the roof, skylights, and dual-pane storefront windows and doors.
The site is fully fenced with a security gate and parking for 18-plus cars. It is positioned between Oakland’s Dimond and Laurel districts, with a 12-minute drive to BART. The property also offers landscaping, secured parking, and on-street parking.
The site is fully fenced with a security gate and parking for 18-plus cars. It is positioned between Oakland’s Dimond and Laurel districts, with a 12-minute drive to BART. The property also offers landscaping, secured parking, and on-street parking.
Key Highlights
- 3,162‑square‑foot flex building on a 0.1994‑acre lot
- Open‑span interior with 16+ ceilings and a two‑story rear mezzanine
- Parking for 18+ cars with fencing and a security gate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,999
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$959,980
$960.0K
Cap Rate 7%
$685,700
$685.7K
Cap Rate 9%
$533,322
$533.3K
Market Conditions
NOI Build-Up for 3,162 SF
Gross rent
$87.3K $27.60/SF
− Vacancy
−$10.5K −$3.31/SF
EGI
$76.8K $24.29/SF
− OpEx
−$28.8K −$9.11/SF
NOI
$48.0K $15.18/SF
Area
Oakland, CA
Vacancy
12.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$959,980
Cap Rate 7%
$685,700
Cap Rate 9%
$533,322
Alternative Uses
Best Use
Mixed Use
$685.7K
$600.0K – $800.0K
NOI $47,999 @ 7.0% cap · market cap 4.81%
Second Best
Flex RnD
$634.2K
$554.9K – $739.9K
NOI $44,394 @ 7.0% cap · market cap 4.45%
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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Property Analytics
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Current Use
Lease Details
16 ft
Clear height
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
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Frequently Asked Questions
What type of property is this?
Flex space - Open-span commercial building with secured parking, fenced grounds, and updated roof and storefront systems.
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: 3,162‑square‑foot flex building on a 0.1994‑acre lot; Open‑span interior with 16+ ceilings and a two‑story rear mezzanine; Parking for 18+ cars with fencing and a security gate
