Oakland Commercial Units on
For Sale
$2,200,000
3050 Broadway, Oakland, CA 94611
Two retail/office units available near Alta Bates Medical Center.
Property Size5,085 SF
Price / SF$432.65
Days on Market200
Property Features for 3050 Broadway
General Information
Standard status
Active
Size
5,085 SF
Property subtype
Commercial
Building Details
Year Built
2017
Listing Agency:
COMPASS
(415) 660-9955
Listed By:
WILLEM BOS · License #02013980
Source:
Corcoran
Added: Jan 29
Changed: Aug 8
Last Checked: Jul 16 at 10:24AM
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 COMPASS
Investment Insights
Based on property information with market context.
Two commercial retail/office units are available along Oakland’s Broadway corridor, totaling approximately 3,993 square feet (2,807 SF and 1,186 SF). The units may be leased or sold individually or together. The property offers strong street visibility and is located near Alta Bates Medical Center, Samuel Merritt University, and MacArthur BART. It is surrounded by medical, residential, and mixed-use development. The property is suitable for a variety of commercial uses, subject to zoning and city approvals. The total property size is 5,085 square feet.
Key Highlights
- Prime location on Oakland's Broadway corridor with strong street visibility.
- Total of approximately 3,993 SF of commercial retail/office space.
- Located near Alta Bates Medical Center, Samuel Merritt University, and MacArthur BART.
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
$133,213
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
6.06%
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%
$2,664,260
$2.7M
Cap Rate 7%
$1,903,043
$1.9M
Cap Rate 9%
$1,480,144
$1.5M
Market Conditions
NOI Build-Up for 5,085 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
$231.9K $45.60/SF
− Vacancy
−$54.3K −$10.67/SF
EGI
$177.6K $34.93/SF
− OpEx
−$44.4K −$8.73/SF
NOI
$133.2K $26.20/SF
Area
ZIP 94611
Vacancy
23.40%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
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%
$2,664,260
Cap Rate 7%
$1,903,043
Cap Rate 9%
$1,480,144
Alternative Uses
Best Use
Office B
$1.90M
$1.67M – $2.22M
NOI $133,213 @ 7.0% cap · market cap 6.06%
Second Best
Retail
$1.19M
$1.04M – $1.38M
NOI $82,972 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$2.14M
$1.87M – $2.50M
NOI $149,946 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,594
Businesses Nearby
Explore this area
Business Placement
Demographics for 94611, CA
40,262
Population
19,014
Households
2.1
Avg Household Size
44
Median Age
78%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
5,515
Density / Sq Mi
$176,517
Median Household Income
$105,393
Median Earnings
$2,274
Median Rent
$1,485,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Two retail/office units available near Alta Bates Medical Center.
Where is this retail space located?
The property is located at 3050 Broadway Oakland, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Prime location on Oakland's Broadway corridor with strong street visibility.; Total of approximately 3,993 SF of commercial retail/office space.; Located near Alta Bates Medical Center, Samuel Merritt University, and MacArthur BART.
