Connected Corner Office
For Sale
$68,000
324 10Th St 202, Oakland, CA 94607
Second-floor corner office condo units with elevator access, previously used as a dental office and ready for immediate occupancy.
Property Size307 SF
Days on Market113
Property Features for 324 10Th St 202
General Information
Standard status
Active
Size
307 SF
Property subtype
Comm Ind For Sale
Additional Details
Office Units
2
Building Details
Building Size
307 SF
Year Built
1920
Listing Agency:
KW Advisors East Bay
Listed By:
Min Zhao, · License #01449007
(510) 775-1079
Source:
Coastandcore
Added: May 14
Changed: Aug 31
Last Checked: Sep 1 at 11:26PM
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
Investment Insights
Based on property information with market context.
Rare opportunity to own two connected corner office condo units (#202) in a secure commercial building with elevator access. The property is located on the second floor and offers flexible space that can support a range of professional, medical, wellness, or creative office uses. Units 202 and 203 are next to each other, and both are available for sale, either together or separately.
The units were previously operated as a dental office and are arranged to accommodate that kind of professional layout. The corner configuration is described as providing abundant natural light and good accessibility for clients and staff. The building is positioned in Oakland Chinatown, with access to Downtown Oakland, BART, major commuter routes, and nearby restaurants, retail shops, and local services.
The space is ready for immediate occupancy.
The units were previously operated as a dental office and are arranged to accommodate that kind of professional layout. The corner configuration is described as providing abundant natural light and good accessibility for clients and staff. The building is positioned in Oakland Chinatown, with access to Downtown Oakland, BART, major commuter routes, and nearby restaurants, retail shops, and local services.
The space is ready for immediate occupancy.
Key Highlights
- Connected corner office condo units (#202 and #203) located next to each other and can be sold together or separately
- Second‑floor units in a secure commercial building with elevator access
- Previously operated as a dental office with office configuration suited for owner‑users or investors
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
$5,084
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
7.48%
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%
$101,680
$101.7K
Cap Rate 7%
$72,629
$72.6K
Cap Rate 9%
$56,489
$56.5K
Market Conditions
NOI Build-Up for 307 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
$9.2K $30.00/SF
− Vacancy
−$737 −$2.40/SF
EGI
$8.5K $27.60/SF
− OpEx
−$3.4K −$11.04/SF
NOI
$5.1K $16.56/SF
Area
Oakland, CA
Vacancy
8.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
40.00%
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%
$101,680
Cap Rate 7%
$72,629
Cap Rate 9%
$56,489
Alternative Uses
Best Use
Healthcare Medical
$72.6K
$63.6K – $84.7K
NOI $5,084 @ 7.0% cap · market cap 7.48%
Second Best
Office B
$58.8K
$51.5K – $68.6K
NOI $4,116 @ 7.0% cap · market cap 6.05%
Theoretical Best
Multifamily LT 5
$100.5K
$88.0K – $117.3K
NOI $7,036 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
9,062
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Second-floor corner office condo units with elevator access, previously used as a dental office and ready for immediate occupancy.
Where is this office units located?
The property is located at 324 10Th St 202 Oakland, CA.
What is the asking price?
The asking price for this property is $68,000.
What are key features of this property?
This property features: Connected corner office condo units (#202 and #203) located next to each other and can be sold together or separately; Second‑floor units in a secure commercial building with elevator access; Previously operated as a dental office with office configuration suited for owner‑users or investors
