Oakland Broadway Corridor Commercial
3050 Broadway Oakland, CA 94611
For Sale
$2,200,000
Two commercial units totaling 3,993 SF near Alta Bates.
Property Size3,993 SF
Price / SF$550.96
Days on Market97
Property Features for 3050 Broadway
General Information
Standard status
Active
Size
3,993 SF
Property subtype
Commercial
Building Details
Year Built
2017
Listing Agency:
COMPASS
(916) 698-9954
Listed By:
Willem Bos · License #02013980
(916) 698-9954
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 9:39AM
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 SF (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 location has a bike score of 64, indicating it is bikeable, a walk score of 87, indicating it is very walkable, and a transit score of 54, indicating good transit.
Key Highlights
- Prime location on Oakland's Broadway corridor with strong street visibility.
- Approximately 3,993 SF of commercial retail/office space.
- Units can be leased or sold individually or together.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $182.1k | $45.60 |
| − Vacancy | −$42.6k | −$10.67 |
| EGI | $139.5k | $34.93 |
| − OpEx | −$34.9k | −$8.73 |
| NOI | $104.6k | $26.20 |
3,993 SF · lease $45.60/SF/yr · vacancy 23.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.49M
$1.31M – $1.74M
NOI $104,605 @ 7.0% cap · market cap 4.75%
Second Best
Retail
$930.8K
$814.4K – $1.09M
NOI $65,154 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,745 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Two commercial units totaling 3,993 SF near Alta Bates.
Where is this office units 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.; Approximately 3,993 SF of commercial retail/office space.; Units can be leased or sold individually or together.
