Fenced Mixed-Use
New
For Sale
$648,000
3338 San Leandro St, Oakland, CA 94601
Built in 1908 with central air, forced-air heating, storage, and private parking.
Property Size1,890 SF
Price / SF$342.86
Days on Market5
Property Features for 3338 San Leandro St
General Information
Standard status
Active
Size
1,890 SF
Property subtype
Residential Income
Amenities
Ceiling Fan(s), Central Air
Forced Air
Storage
Fenced
Parking Lot, Private, On Street
Building Details
Building Size
1,890 SF
Year Built
1908
Listing Agency:
Serhant California, Inc
(831) 869-7382
Listed By:
Ruben Haros Bravo
(831) 869-7382
Source:
Evrealestate
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 12 at 5:01AM
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 Serhant California, Inc
Investment Insights
Based on property information with market context.
This mixed-use property at 3338 San Leandro St in Oakland includes central air, forced-air heating, ceiling fans, and storage. The site is fenced and provides a private parking lot along with on-street parking. Constructed in 1908, the property offers a combination of building utility and existing site features for commercial and mixed-use consideration.
The property is located in Alameda County and includes exterior storage in addition to the interior storage areas. Its Oakland location, parking configuration, climate-control systems, and secured site improvements define the available physical features.
The property is located in Alameda County and includes exterior storage in addition to the interior storage areas. Its Oakland location, parking configuration, climate-control systems, and secured site improvements define the available physical features.
Key Highlights
- Mixed‑use property at 3338 San Leandro St, Oakland, CA 94601
- Constructed in 1908
- Central air, ceiling fans, and forced‑air heating
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
$40,242
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
6.21%
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%
$804,840
$804.8K
Cap Rate 7%
$574,886
$574.9K
Cap Rate 9%
$447,133
$447.1K
Market Conditions
NOI Build-Up for 1,890 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
$76.0K $40.20/SF
− Vacancy
−$2.8K −$1.49/SF
EGI
$73.2K $38.71/SF
− OpEx
−$32.9K −$17.42/SF
NOI
$40.2K $21.29/SF
Area
ZIP 94601
Vacancy
3.70%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
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%
$804,840
Cap Rate 7%
$574,886
Cap Rate 9%
$447,133
Alternative Uses
Best Use
Apartment 5plus
$574.9K
$503.0K – $670.7K
NOI $40,242 @ 7.0% cap · market cap 6.21%
Second Best
Mixed Use
$465.8K
$407.5K – $543.4K
NOI $32,603 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$770.4K
$674.1K – $898.8K
NOI $53,927 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,401
Businesses Nearby
307k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 30%
Shops & Services 19%
Home Improvements & Furnishings 19%
Groceries 17%
The Home Depot
Home Improvements & Furnishings
56,811 visits/mo
0.3 miles
FoodMaxx
Groceries
47,954 visits/mo
0.2 miles
Ross Dress for Less
Apparel
27,919 visits/mo
0.2 miles
Starbucks
Dining
16,532 visits/mo
0.2 miles
McDonald's
Dining
15,411 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Built in 1908 with central air, forced-air heating, storage, and private parking.
Where is this mixed-use property located?
The property is located at 3338 San Leandro St Oakland, CA.
What is the asking price?
The asking price for this property is $648,000.
What are key features of this property?
This property features: Mixed‑use property at 3338 San Leandro St, Oakland, CA 94601; Constructed in 1908; Central air, ceiling fans, and forced‑air heating
