Connected Corner Office Condo
For Sale
$68,000
324 10Th St 203, Oakland, CA 94607
Commercial Sale, Oakland, CA
Property Size300 SF
Lot Size0.01 Acres
Price / SF$226.67
Days on Market104
Property Features for 324 10Th St 203
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking features
On Street
Subdivision
CHINATOWN
Lot features
B A R T Nearby
Standard status
Active
APN
21143
Size
300 SF
Lot size
0.01 Acres
Building Details
Year built
1920
Building materials
Stucco
Listing Agency:
KW Advisors East Bay · Keller Williams Realty
(510) 775-1079
Listed By:
Min Zhao · License #01449007
(510) 698-8886
Added: May 15
Changed: Aug 26
Last Checked: Aug 26 at 11:06PM
MLS# 41134934
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.
Investment Insights
Based on property information with market context.
This offering includes two adjoining office condominium units, identified as 202 and 203, on the second floor of a secure commercial building. The combined property size is 300 square feet, with elevator access, corner positioning, abundant natural light, and Commercial zoning. The units may be acquired together or separately. The space previously operated as a dental office and is configured for professional, medical, wellness, or creative office use.
The property is located in Oakland Chinatown, minutes from Downtown Oakland, BART, major commuter routes, restaurants, retail shops, and local services. On-street parking is available, and the building was constructed in 1920 with stucco construction. The address is 324 10th St 203, Oakland, California 94607.
The property is located in Oakland Chinatown, minutes from Downtown Oakland, BART, major commuter routes, restaurants, retail shops, and local services. On-street parking is available, and the building was constructed in 1920 with stucco construction. The address is 324 10th St 203, Oakland, California 94607.
Key Highlights
- Two adjoining office condo units: 202 and 203
- 300 square feet of combined property size
- Second‑floor corner position with abundant natural light
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
$4,968
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
7.31%
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%
$99,360
$99.4K
Cap Rate 7%
$70,971
$71.0K
Cap Rate 9%
$55,200
$55.2K
Market Conditions
NOI Build-Up for 300 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
$9.0K $30.00/SF
− Vacancy
−$720 −$2.40/SF
EGI
$8.3K $27.60/SF
− OpEx
−$3.3K −$11.04/SF
NOI
$5.0K $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%
$99,360
Cap Rate 7%
$70,971
Cap Rate 9%
$55,200
Alternative Uses
Best Use
Healthcare Medical
$71.0K
$62.1K – $82.8K
NOI $4,968 @ 7.0% cap · market cap 7.31%
Second Best
Office B
$57.5K
$50.3K – $67.0K
NOI $4,022 @ 7.0% cap · market cap 5.91%
Theoretical Best
Multifamily LT 5
$98.2K
$85.9K – $114.6K
NOI $6,875 @ 7.0% cap · market cap 10.11%
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Second-floor office condominium space in a secure commercial building with elevator service and flexible professional-use potential.
Where is this office units located?
The property is located at 324 10Th St 203 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: Two adjoining office condo units: 202 and 203; 300 square feet of combined property size; Second‑floor corner position with abundant natural light
