Oakland Chinatown Retail
362 8Th St Oakland, CA 94607
362 8Th St, Oakland, CA, 94607
$3,500,000
For Sale
$3,500,000
Retail building with three storefronts in Oakland's Chinatown.
Property Size6,250 SF
Price / SF$560
Days on Market104
Property Features for 362 8Th St
General Information
- Standard status
- Active
- Size
- 6,250 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1903
Listing Agency
CT SQUARE, INC
(415) 238-8630
Listed by
CATHERINE LEE · License #01937003
Source
Corcoran
Added: Apr 4 Checked: Jul 16 at 10:27 am
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 CT SQUARE, INC
Investment Insights
Based on property information with market context.
This property features a ±6,250 sq. ft. retail building with three storefronts located in Oakland's Chinatown. One unit is currently leased, providing immediate income. Two units are vacant and ready for owner use or lease-up. The vacant spaces include floor drains. One vacant unit features a walk-in cooler, and the other offers a ±1,000 sq. ft. mezzanine with a bathroom. The property has been fully remodeled with attractive build-outs, making it well-suited for dessert, beverage, or similar food-oriented uses. It is located in a vibrant, high-foot-traffic commercial corridor surrounded by popular shops and dining, offering excellent visibility and strong customer exposure. This property is ideal for an owner-user seeking income offset or an investor looking for upside potential.
Key Highlights
- ±6,250 sq. ft. retail building in Oakland Chinatown's prime commercial corridor.
- Immediate income from one leased storefront; upside potential from two vacant units.
- Vacant units feature attractive build‑outs, suitable for food‑oriented businesses.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $183.0k | $29.28 |
| − Vacancy | −$9.9k | −$1.58 |
| EGI | $173.1k | $27.70 |
| − OpEx | −$51.9k | −$8.31 |
| NOI | $121.2k | $19.39 |
6,250 SF · lease $29.28/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.73M
$1.51M – $2.02M
NOI $121,183 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.05M
$1.79M – $2.39M
NOI $143,236 @ 7.0% cap · market cap 4.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
ChinaVille
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Elaine's Flowers — 295 9th St, Oakland, CA 94607
- SLAK Flowers — 388 9th St, Oakland, CA 94607
- Family Flower Shop — 320 10th St ste 123, Oakland, CA 94607
- From the Heart Florist — 1016 Webster St, Oakland, CA 94607
- Oakland Florist — 1101 Webster St, Oakland, CA 94607
FAQs
What type of property is this?
Storefront property - Retail building with three storefronts in Oakland's Chinatown.
Where is this storefront property located?
The property is located at 362 8Th St Oakland, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: ±6,250 sq. ft. retail building in Oakland Chinatown's prime commercial corridor.; Immediate income from one leased storefront; upside potential from two vacant units.; Vacant units feature attractive build‑outs, suitable for food‑oriented businesses.
