Manufacturing Property with
For Sale
$3,000,000
3418 San Leandro St, Oakland, CA 94601
An operating custom cabinet business occupies a showroom, workshop, and separate parcel used for parking.
Property Size9,000 SF
Days on Market473
Property Features for 3418 San Leandro St
General Information
Standard status
Active
Size
9,000 SF
Property subtype
Comm Ind For Sale
Building Details
Building Size
9,000 SF
Year Built
1970
Listing Agency:
Metro Realty Co.
Listed By:
Manolis Tsagarakis, · License #01364796
(925) 217-4411
Source:
Remaxaccord
Added: Jun 10, 2025
Changed: Sep 24
Last Checked: Jul 17 at 2:25AM
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 Metro Realty Co.
Investment Insights
Based on property information with market context.
This manufacturing property is arranged across three parcels and includes a 5,250-square-foot showroom with two offices, a bathroom, and a mezzanine. The 3,750-square-foot workshop contains another mezzanine with offices, a bathroom, and additional rooms. A third 3,750-square-foot parcel serves as a parking lot. The cabinet business remains in operation and is included with the building in the sale. The workshop building was reconstructed after a fire in 1992; the property’s year built is 1970.
The property is next to a BART station. The seller may consider a lease or a sale of part of the three-parcel property.
The property is next to a BART station. The seller may consider a lease or a sale of part of the three-parcel property.
Key Highlights
- Three‑parcel manufacturing property with an operating custom cabinet business included in the sale
- 5,250‑square‑foot showroom with two offices, a bathroom, and a mezzanine
- 3,750‑square‑foot workshop with mezzanine offices, a bathroom, and additional rooms
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
$146,853
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
4.90%
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%
$2,937,060
$2.9M
Cap Rate 7%
$2,097,900
$2.1M
Cap Rate 9%
$1,631,700
$1.6M
Market Conditions
NOI Build-Up for 9,000 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
$226.8K $25.20/SF
− Vacancy
−$17.0K −$1.89/SF
EGI
$209.8K $23.31/SF
− OpEx
−$62.9K −$6.99/SF
NOI
$146.9K $16.32/SF
Area
ZIP 94601
Vacancy
7.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
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%
$2,937,060
Cap Rate 7%
$2,097,900
Cap Rate 9%
$1,631,700
Alternative Uses
Best Use
Retail
$2.10M
$1.84M – $2.45M
NOI $146,853 @ 7.0% cap · market cap 4.90%
Second Best
Industrial
$1.57M
$1.38M – $1.84M
NOI $110,107 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$3.67M
$3.21M – $4.28M
NOI $256,795 @ 7.0% cap · market cap 8.56%
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
2,401
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 Industrial in West region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - An operating custom cabinet business occupies a showroom, workshop, and separate parcel used for parking.
Where is this manufacturing property located?
The property is located at 3418 San Leandro St Oakland, CA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Three‑parcel manufacturing property with an operating custom cabinet business included in the sale; 5,250‑square‑foot showroom with two offices, a bathroom, and a mezzanine; 3,750‑square‑foot workshop with mezzanine offices, a bathroom, and additional rooms
