Oakland Chinatown Retail
For Sale
$3,500,000
362 8Th St, Oakland, CA 94607
Retail building with three storefronts in Oakland's Chinatown.
Property Size6,250 SF
Price / SF$560
Days on Market196
Property Features for 362 8Th St
General Information
Standard status
Active
Size
6,250 SF
Property subtype
Comm Ind For Sale
Building Details
Building Size
6,250 SF
Year Built
1903
Listing Agency:
CT Square, Inc
Listed By:
Catherine Lee, · License #01937003
(415) 238-8630
Source:
Annnewtoncane
Added: Apr 3
Changed: Oct 1
Last Checked: Oct 15 at 7:54AM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,183
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,423,660
$2.4M
Cap Rate 7%
$1,731,186
$1.7M
Cap Rate 9%
$1,346,478
$1.3M
Market Conditions
NOI Build-Up for 6,250 SF
Gross rent
$183.0K $29.28/SF
− Vacancy
−$9.9K −$1.58/SF
EGI
$173.1K $27.70/SF
− OpEx
−$51.9K −$8.31/SF
NOI
$121.2K $19.39/SF
Area
Oakland, CA
Vacancy
5.40%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,423,660
Cap Rate 7%
$1,731,186
Cap Rate 9%
$1,346,478
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
7,751
Businesses Nearby
75k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 41%
Leisure 21%
Dining 20%
Shops & Services 17%
World Market
Home Improvements & Furnishings
26,121 visits/mo
0.5 miles
Regal Jack London
Leisure
15,829 visits/mo
0.4 miles
McDonald's
Dining
13,504 visits/mo
0.4 miles
Shell
Shops & Services
11,553 visits/mo
0.4 miles
Markus Supply Ace Hardware
Home Improvements & Furnishings
4,365 visits/mo
0.5 miles
Demographics for 94607, CA
31,067
Population
14,362
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
86%
High-School Grad
5.9 sq mi
ZIP Area
5,266
Density / Sq Mi
$87,937
Median Household Income
$67,107
Median Earnings
$1,875
Median Rent
$744,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
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.
