Brewery and Industrial
For Sale
$2,450,000
303 Castro St, Oakland, CA 94607
For-sale brewery and industrial real estate offered available now at 303 Castro St, Oakland.
Property Size7,500 SF
Days on Market60
Property Features for 303 Castro St
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Industrial
Building Details
Building Size
7,500 SF
Year Built
1948
Listing Agency:
(510) 220-7688
Listed By:
Craig Hagglund, SIOR · License #CalDRE #01090730
(510) 220-7688
Source:
Lee-associates
Added: Jun 11
Changed: Aug 8
Last Checked: Aug 9 at 6:05AM
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 Craig Hagglund, SIOR
Investment Insights
Based on property information with market context.
This offering is a brewery and industrial property presented for sale and available now. The listing is positioned for buyers seeking an industrial asset with alignment to brewery use, though specific building features, layouts, and condition details are not provided in the available information.
The property is located at 303 Castro St in Oakland, CA 94607. Interested parties should plan to review the site in person and confirm all operational, physical, and documentation items relevant to their intended use during due diligence.
From a tenant and operator perspective, a brewery-oriented industrial property can be a practical starting point for concepts requiring dedicated industrial space and operational flexibility, subject to verification of what is actually in place. For buyers, the most important next steps are confirming the current improvements and any relevant allowances or constraints for the intended brewery or industrial business use. Prospective buyers and brokers should also coordinate access to complete information, including any available building systems, existing utilities, and other underwriting details, to determine fit and readiness for immediate or phased occupancy.
The property is located at 303 Castro St in Oakland, CA 94607. Interested parties should plan to review the site in person and confirm all operational, physical, and documentation items relevant to their intended use during due diligence.
From a tenant and operator perspective, a brewery-oriented industrial property can be a practical starting point for concepts requiring dedicated industrial space and operational flexibility, subject to verification of what is actually in place. For buyers, the most important next steps are confirming the current improvements and any relevant allowances or constraints for the intended brewery or industrial business use. Prospective buyers and brokers should also coordinate access to complete information, including any available building systems, existing utilities, and other underwriting details, to determine fit and readiness for immediate or phased occupancy.
Key Highlights
- Brewery and industrial real estate for sale
- Year built: 1948
- Offered at 303 Castro St, Oakland
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
$91,756
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
3.75%
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%
$1,835,120
$1.8M
Cap Rate 7%
$1,310,800
$1.3M
Cap Rate 9%
$1,019,511
$1.0M
Market Conditions
NOI Build-Up for 7,500 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
$143.1K $19.08/SF
− Vacancy
−$12.0K −$1.60/SF
EGI
$131.1K $17.48/SF
− OpEx
−$39.3K −$5.24/SF
NOI
$91.8K $12.23/SF
Area
Oakland, CA
Vacancy
8.40%
Lease Rate
$19.08 /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%
$1,835,120
Cap Rate 7%
$1,310,800
Cap Rate 9%
$1,019,511
Alternative Uses
Best Use
Industrial
$1.31M
$1.15M – $1.53M
NOI $91,756 @ 7.0% cap · market cap 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.46M
$2.15M – $2.86M
NOI $171,883 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,629
Businesses Nearby
Explore this area
Business Placement
Demographics for 94607, CA
31,067
Population
14,362
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
86%
High-School Grad
5.9 sq mi
ZIP Area
5,266
Density / Sq Mi
$87,937
Median Household Income
$67,107
Median Earnings
$1,875
Median Rent
$744,600
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?
Brewery - For-sale brewery and industrial real estate offered available now at 303 Castro St, Oakland.
Where is this brewery located?
The property is located at 303 Castro St Oakland, CA.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Brewery and industrial real estate for sale; Year built: 1948; Offered at 303 Castro St, Oakland
