Storefront Retail
New
For Sale
$1,500,000
3810 Foothill Blvd, Oakland, CA 94601
Built in 1957 with access to regional freeways, public transportation, shopping, and restaurants.
Property Size4,240 SF
Price / SF$353.77
Days on Market3
Property Features for 3810 Foothill Blvd
General Information
Standard status
Active
Size
4,240 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Amenities
Attached Garage
Laminate Flooring
Level
Regular
Wall Furnace Heating
Building Details
Year Built
1957
Listing Agency:
RICHIE RICH REALTY
(510) 828-9119
Listed By:
BRIAN TUYEN
Source:
Corcoran
Added: Aug 31
Changed: Sep 1
Last Checked: Sep 1 at 9:36PM
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 RICHIE RICH REALTY
Investment Insights
Based on property information with market context.
This storefront retail property in Oakland offers 4,240 of property size and dates to 1957. The asset is positioned for retail-oriented commercial use along Foothill Blvd.
Regional access includes I-580 and I-880, with public buses and BART nearby. Shopping and restaurant options are also located in the surrounding area, adding established commercial activity to the immediate setting.
Regional access includes I-580 and I-880, with public buses and BART nearby. Shopping and restaurant options are also located in the surrounding area, adding established commercial activity to the immediate setting.
Key Highlights
- 4,240 property size
- Built in 1957
- Located at 3810 Foothill Blvd, Oakland, CA 94601
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
$69,184
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
4.61%
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%
$1,383,680
$1.4M
Cap Rate 7%
$988,343
$988.3K
Cap Rate 9%
$768,711
$768.7K
Market Conditions
NOI Build-Up for 4,240 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
$106.8K $25.20/SF
− Vacancy
−$8.0K −$1.89/SF
EGI
$98.8K $23.31/SF
− OpEx
−$29.7K −$6.99/SF
NOI
$69.2K $16.32/SF
Area
ZIP 94601
Vacancy
7.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
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%
$1,383,680
Cap Rate 7%
$988,343
Cap Rate 9%
$768,711
Alternative Uses
Best Use
Retail
$988.3K
$864.8K – $1.15M
NOI $69,184 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.73M
$1.51M – $2.02M
NOI $120,979 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,988
Businesses Nearby
181k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 52%
Shops & Services 23%
Dining 15%
Electronics 6%
Cardenas Market
Groceries
57,933 visits/mo
0.5 miles
Smart & Final
Groceries
35,796 visits/mo
0.4 miles
Burger King
Dining
12,596 visits/mo
0.4 miles
Chase Bank
Shops & Services
8,368 visits/mo
0.5 miles
O'Reilly Auto Parts
Shops & Services
8,363 visits/mo
0.5 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
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Built in 1957 with access to regional freeways, public transportation, shopping, and restaurants.
Where is this storefront property located?
The property is located at 3810 Foothill Blvd Oakland, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 4,240 property size; Built in 1957; Located at 3810 Foothill Blvd, Oakland, CA 94601
