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    Versatile Commercial Space in Oakland Title is generated by Realmo AI

    3443 FRUITVALE AVENUE, Oakland, CA 94602

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    For Sale
    $1,395,000

    7,000 sq ft commercial space with development potential.

    Type:Commercial
    Property size:
    7,000 SF
    Price / SF:
    $199/SF
    Added:
    Nov 5, 2025
    Days on Market:
    212
    Last Refresh:
    Apr 5 at 8:32 pm

    Property Features for 3443 FRUITVALE AVENUE

    General Information

    Standard status
    Active
    Size
    7,000 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1941

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    Listing Contact
    DAVID GUNDERMAN

    Listing agent DAVID GUNDERMAN License #01313613

    Listing office KW ADVISORS EAST BAY

    Listing date Nov 5, 2025

    Source Corcoran

    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 KW ADVISORS EAST BAY

    HighLights

    • 7,000 sq ft building with 5500+ sq ft open retail space suitable for various business concepts.
    • CN‑1 zoning allows for diverse uses including retail, restaurants, offices, and potential for mixed‑use multifamily development.
    • High Walk Score of 93, high traffic (12K+ cars/day), and proximity to new residential developments.
    • Upstairs 800+ sq ft loft with open room, skylight, and two private offices.
    • 50 ft of street frontage with large windows on Fruitvale Avenue.
    • Two street‑level entrances, two ADA bathrooms, storage, private office, and rear door.

    Overview

    This 7,000 square foot commercial space is located in the Dimond District. The property features a main open retail space of over 5,500 square feet, suitable for various concepts such as fitness, laundromat, healthcare, market, or restaurant. The building could also be divided for multiple tenants, each with their own entrance. The back area includes two ADA-compliant bathrooms, a large back room for inventory storage, a private office with a window, additional storage, and a rear door. The upstairs loft, spanning over 800 square feet, offers an open room suitable for storage or meeting space, with natural light from windows and a skylight, along with two more private offices, one overlooking the retail floor. Large windows cover the 50 feet of street frontage on Fruitvale Avenue. The CN-1 zoning allows for a range of uses, including cafes, boutiques, consumer service, group assembly, full-service restaurants, and medical and professional offices. There is also development potential for mixed-use multifamily. Public parking is available around the corner in the Dimond Avenue lot, with street parking available in front. The location has a Walk Score of 93, high vehicle counts of over 12,000 cars per day, and new residential developments are under construction nearby.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.217
    Latitude
    37.8001

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    FAQs

    What type of property is this?
    Retail space - 7,000 sq ft commercial space with development potential.
    Where is this retail space located?
    The property is located at 3443 FRUITVALE AVENUE Oakland, CA.
    What is the asking price?
    The asking price for this property is $1,395,000.
    What are key features of this property?
    This property features: 7,000 sq ft building with **5500+ sq ft open retail space** suitable for various business concepts.; CN‑1 zoning allows for diverse uses including retail, restaurants, offices, and potential for mixed‑use multifamily development.; **High Walk Score of 93**, high traffic (12K+ cars/day), and proximity to new residential developments.
    (510) 775-1079
    We can help!
    Listing Contact
    DAVID GUNDERMAN
    Real Estate License ID: 01313613
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    3443 FRUITVALE AVENUE, OAKLAND, CA 94602
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