Mixed-Use Property with 13 Commercial
New
For Sale
$3,995,000
4125 Piedmont, Oakland, CA 94611
Historic mixed-use property combining neighborhood retail with residential living.
Property Size11,670 SF
Price / SF$342.33
Days on Market4
Property Features for 4125 Piedmont
General Information
Standard status
Active
Size
11,670 SF
Property subtype
Investment
Additional Details
Multifamily Units
2
Building Details
Year Built
1910
Units
14
Tenancy
Multi
Listing Agency:
Better Homes and Gardens Mason-McDuffie Real Estate
(510) 866-9668
Listed By:
June McDaniels · License #01307858
(510) 866-9668
Source:
Elliman
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 22 at 9:54AM
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 Better Homes and Gardens Mason-McDuffie Real Estate
Investment Insights
Based on property information with market context.
Built in 1910, this mixed-use property brings together 13 commercial spaces and 2 residential units within 11,670 total sq. ft. The asset combines neighborhood retail with residential living and includes an established tenant mix across its commercial and residential components.
Located at 4125 Piedmont in Oakland, the property sits along Piedmont Avenue, a commercial corridor with strong pedestrian and bicycle access. WalkScore is 88, rated Very Walkable; BikeScore is 60, rated Bikeable; and TransitScore is 53, rated Good Transit.
Located at 4125 Piedmont in Oakland, the property sits along Piedmont Avenue, a commercial corridor with strong pedestrian and bicycle access. WalkScore is 88, rated Very Walkable; BikeScore is 60, rated Bikeable; and TransitScore is 53, rated Good Transit.
Key Highlights
- 13 Commercial Spaces
- 2 Residential Units
- 11,670 total sq. ft.
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
$201,308
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
5.04%
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%
$4,026,160
$4.0M
Cap Rate 7%
$2,875,829
$2.9M
Cap Rate 9%
$2,236,756
$2.2M
Market Conditions
NOI Build-Up for 11,670 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
$350.1K $30.00/SF
− Vacancy
−$28.0K −$2.40/SF
EGI
$322.1K $27.60/SF
− OpEx
−$120.8K −$10.35/SF
NOI
$201.3K $17.25/SF
Area
ZIP 94611
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 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%
$4,026,160
Cap Rate 7%
$2,875,829
Cap Rate 9%
$2,236,756
Alternative Uses
Best Use
Mixed Use
$2.88M
$2.52M – $3.36M
NOI $201,308 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$2.85M
$2.49M – $3.32M
NOI $199,225 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$4.92M
$4.30M – $5.74M
NOI $344,124 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,864
Businesses Nearby
109k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Dining 37%
Electronics 4%
Home Improvements & Furnishings 2%
Chase Bank
Shops & Services
12,600 visits/mo
0.5 miles
Wells Fargo
Shops & Services
12,026 visits/mo
0.2 miles
Starbucks
Dining
10,588 visits/mo
0.4 miles
Burger King
Dining
10,080 visits/mo
0.4 miles
7-Eleven
Shops & Services
7,445 visits/mo
0.2 miles
Demographics for 94611, CA
40,262
Population
19,014
Households
2.1
Avg Household Size
44
Median Age
78%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
5,515
Density / Sq Mi
$176,517
Median Household Income
$105,393
Median Earnings
$2,274
Median Rent
$1,485,000
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?
Mixed-use property - Historic mixed-use property combining neighborhood retail with residential living.
Where is this mixed-use property located?
The property is located at 4125 Piedmont Oakland, CA.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: 13 Commercial Spaces; 2 Residential Units; 11,670 total sq. ft.
