Three-Unit Mixed-Use
3451 International Boulevard, Oakland, CA 94601
For Sale
Contact for pricing
A concrete, two-story building offers separate entrances and a mix of occupied and available space.
Property Size8,400 SF
Price / SF$267.86
Days on Market35
Property Features for 3451 International Boulevard
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Corner Location
Additional Details
Tenant in Place
Building Details
Buildings
Stories
Construction
Tenancy
Listing Agency:
AiCRE Partners
Listed By:
Michael Santillan · License #DRE 02071162
(925) 915-0931
Source:
Crexi
Added: Oct 6
Changed: Nov 8
Last Checked: Nov 8 at 2:54PM
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 AiCRE Partners
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 3451 International Boulevard, this two-story concrete property contains approximately 8,400 square feet and three commercial units, each with its own entrance. The building was constructed to bank specifications. Long-term retail, professional, and service tenants occupy both ground-floor units; the second floor has both occupied and vacant space. An additional 4,736 square feet of land is used for parking.
The property sits at International Boulevard and 35th Avenue in Oakland’s Fruitvale District, near Fruitvale BART. Potential configurations described for the site include leasing available space, owner occupancy, converting the upper floor to 4–5 residential units, or a larger development with approximately 28+ residential units and five retail units.
The property sits at International Boulevard and 35th Avenue in Oakland’s Fruitvale District, near Fruitvale BART. Potential configurations described for the site include leasing available space, owner occupancy, converting the upper floor to 4–5 residential units, or a larger development with approximately 28+ residential units and five retail units.
Key Highlights
- Approximately 8,400 SF across three units in a two‑story concrete building
- 4,736 SF of land currently used for parking
- Separate entrances serve each of the three units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,900
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,898,000
$2.9M
Cap Rate 7%
$2,070,000
$2.1M
Cap Rate 9%
$1,610,000
$1.6M
Market Conditions
NOI Build-Up for 8,400 SF
Gross rent
$252.0K $30.00/SF
− Vacancy
−$20.2K −$2.40/SF
EGI
$231.8K $27.60/SF
− OpEx
−$86.9K −$10.35/SF
NOI
$144.9K $17.25/SF
Area
ZIP 94601
Vacancy
8.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,898,000
Cap Rate 7%
$2,070,000
Cap Rate 9%
$1,610,000
Alternative Uses
Best Use
Mixed Use
$2.07M
$1.81M – $2.42M
NOI $144,900 @ 7.0% cap · market cap 6.44%
Second Best
Retail
$1.96M
$1.71M – $2.28M
NOI $137,063 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$3.42M
$3.00M – $3.99M
NOI $239,675 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,522
Businesses Nearby
338k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 27%
Groceries 26%
Home Improvements & Furnishings 17%
Shops & Services 15%
The Home Depot
Home Improvements & Furnishings
56,811 visits/mo
0.5 miles
FoodMaxx
Groceries
47,954 visits/mo
0.4 miles
Smart & Final
Groceries
35,796 visits/mo
0.4 miles
Ross Dress for Less
Apparel
27,919 visits/mo
0.4 miles
Starbucks
Dining
16,532 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
$703,100
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Oakland, CA
Properties on Market for Mixed-use properties in Oakland
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A concrete, two-story building offers separate entrances and a mix of occupied and available space.
Where is this mixed-use property located?
The property is located at 3451 International Boulevard Oakland, CA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Approximately 8,400 SF across three units in a two‑story concrete building; 4,736 SF of land currently used for parking; Separate entrances serve each of the three units
