Second-Floor Office
New
For Sale
$150,000
324 10th Street Unit 203, Oakland, CA 94601
Commercial Sale, Oakland, CA
Property Size250 SF
Price / SF$600
Days on Market2
Property Features for 324 10th Street Unit 203
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Oakland
Lot features
Shopping Center, Business District
Directions
From Harrison to 10th street..
Standard status
Active
Size
250 SF
Building Details
Year built
1920
Building materials
Stucco
Listing Agency:
Realty One Group Elite
(925) 978-1100
Listed By:
Helen Davis · License #DRE #01773567
(925) 212-8983
Added: Sep 24
Last Checked: Sep 25 at 12:06AM
MLS# 41149254
Copyright © 2026 Contra Costa Association of REALTORS®. 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.
Unit 203 is a 250-square-foot commercial condominium on the second floor of a three-story mixed-use building constructed in 1920. Commercial and business units occupy the first and second floors, with residential condominium units on the top floor. The unit has no private bathroom or sink; shared facilities are available on the commercial level, and the building is accessible by elevator and stairs.
The property is in Oakland, with access to Downtown Oakland, Chinatown, public transportation, restaurants, retail, and neighborhood services.
The property is in Oakland, with access to Downtown Oakland, Chinatown, public transportation, restaurants, retail, and neighborhood services.
Key Highlights
- 250‑square‑foot commercial condominium, Unit 203
- Second‑floor location in a three‑story mixed‑use building
- Elevator and stair access
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
$5,472
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
3.65%
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%
$109,440
$109.4K
Cap Rate 7%
$78,171
$78.2K
Cap Rate 9%
$60,800
$60.8K
Market Conditions
NOI Build-Up for 250 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
$9.6K $38.40/SF
− Vacancy
−$2.3K −$9.22/SF
EGI
$7.3K $29.18/SF
− OpEx
−$1.8K −$7.30/SF
NOI
$5.5K $21.89/SF
Area
ZIP 94601
Vacancy
24.00%
Lease Rate
$38.40 /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%
$109,440
Cap Rate 7%
$78,171
Cap Rate 9%
$60,800
Alternative Uses
Best Use
Office B
$78.2K
$68.4K – $91.2K
NOI $5,472 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$101.9K
$89.2K – $118.9K
NOI $7,133 @ 7.0% cap · market cap 4.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
9,062
Businesses Nearby
Explore this area
Business Placement
Demographics for 94601, CA
54,166
Population
17,454
Households
3.1
Avg Household Size
35
Median Age
24%
College-Educated
70%
High-School Grad
3.2 sq mi
ZIP Area
16,927
Density / Sq Mi
$66,651
Median Household Income
$37,765
Median Earnings
$1,651
Median Rent
$703,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Elevator and stair access serve this compact commercial unit in a mixed-use building.
Where is this office units located?
The property is located at 324 10th Street Unit 203 Oakland, CA.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 250‑square‑foot commercial condominium, Unit 203; Second‑floor location in a three‑story mixed‑use building; Elevator and stair access
