Well-Kept Warehouse with Fenced
For Sale
$299,000
3429 Eden Ln, Oakland, CA 94601
Small warehouse with fenced lot, ideal for storage.
Property Size825 SF
Price / SF$362.42
Days on Market151
Property Features for 3429 Eden Ln
General Information
Standard status
Active
Size
825 SF
Property subtype
Commercial
Amenities
Concrete Flooring
Building Details
Year Built
1928
Listing Agency:
BHHS DRYSDALE PROPERTIES
(510) 523-1144
Listed By:
RICH KRINKS · License #01095444
Source:
Corcoran
Added: Mar 25
Changed: Aug 16
Last Checked: Aug 22 at 7:32AM
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 BHHS DRYSDALE PROPERTIES
Investment Insights
Based on property information with market context.
This well-kept small warehouse includes a fenced lot. The property features a man door and a roll-up door. Electricity is available on site. The property is located on a private, quiet street. The property size is 825 square feet. It is suitable for an owner-user shop space or storage.
Key Highlights
- Well‑kept small warehouse with fenced lot
- Electricity on site
- Roll‑up door 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
$12,256
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
4.10%
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%
$245,120
$245.1K
Cap Rate 7%
$175,086
$175.1K
Cap Rate 9%
$136,178
$136.2K
Market Conditions
NOI Build-Up for 825 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
$15.7K $19.08/SF
− Vacancy
−$1.3K −$1.60/SF
EGI
$14.4K $17.48/SF
− OpEx
−$2.2K −$2.62/SF
NOI
$12.3K $14.86/SF
Area
ZIP 94601
Vacancy
8.40%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
15.00%
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%
$245,120
Cap Rate 7%
$175,086
Cap Rate 9%
$136,178
Alternative Uses
Best Use
Warehouse
$175.1K
$153.2K – $204.3K
NOI $12,256 @ 7.0% cap · market cap 4.10%
Second Best
Industrial
$144.2K
$126.2K – $168.2K
NOI $10,093 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$336.3K
$294.3K – $392.3K
NOI $23,540 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,583
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Extra Space Storage — 1090 29th Ave, Oakland, CA 94601
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- Extra Space Storage — 2615 E 12th St, Oakland, CA 94601
Frequently Asked Questions
What type of property is this?
Warehouse - Small warehouse with fenced lot, ideal for storage.
Where is this warehouse located?
The property is located at 3429 Eden Ln Oakland, CA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Well‑kept small warehouse with fenced lot; Electricity on site; Roll‑up door access
