Mixed-Use Property with Retail
New
For Sale
$3,995,000
4125 Piedmont, Oakland, CA 94611
COMM RI MULTI-UNITS 5+, Oakland, CA
Property Size10,814 SF
Lot Size0.24 Acres
Price / SF$369.43
Days on Market5
Property Features for 4125 Piedmont
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CN-1
Parking features
On Street
Subdivision
PIEDMONT AVENUE
Lot features
Level
Standard status
Active
APN
1299412, 11
Size
10,814 SF
Lot size
0.24 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1910
Flooring type
Hardwood, Concrete
Building materials
Stucco, Wood Shingles
Roof type
Composition, Shingle
Listing Agency:
BHG RE Reliance Partners · Better Homes and Gardens Real Estate
(510) 868-1400
Listed By:
June McDaniels · License #01307858
(510) 866-9668
Added: Aug 18
Changed: Aug 19
Last Checked: Aug 22 at 11:06AM
MLS# 41145374
Copyright © 2026 bridgeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1910, this mixed-use property combines 13 commercial spaces with 2 residential units in a multi-tenant configuration. The improvements feature stucco and wood-shingle construction, concrete and hardwood flooring, composition and shingle roofing, and public water and sewer service. On-street parking serves the property, which occupies 0.24 acres and carries CN-1 zoning.
The property is located at 4125 Piedmont in Oakland’s Piedmont Avenue corridor. Its layout brings commercial and residential uses together within an established neighborhood setting, with retail space forming the primary commercial component.
The property is located at 4125 Piedmont in Oakland’s Piedmont Avenue corridor. Its layout brings commercial and residential uses together within an established neighborhood setting, with retail space forming the primary commercial component.
Key Highlights
- 13 commercial spaces and 2 residential units
- 0.24‑acre mixed‑use property in Oakland’s Piedmont Avenue corridor
- CN‑1 zoning
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
$186,542
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
4.67%
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%
$3,730,840
$3.7M
Cap Rate 7%
$2,664,886
$2.7M
Cap Rate 9%
$2,072,689
$2.1M
Market Conditions
NOI Build-Up for 10,814 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
$324.4K $30.00/SF
− Vacancy
−$26.0K −$2.40/SF
EGI
$298.5K $27.60/SF
− OpEx
−$111.9K −$10.35/SF
NOI
$186.5K $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%
$3,730,840
Cap Rate 7%
$2,664,886
Cap Rate 9%
$2,072,689
Alternative Uses
Best Use
Mixed Use
$2.66M
$2.33M – $3.11M
NOI $186,542 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$2.64M
$2.31M – $3.08M
NOI $184,612 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$4.56M
$3.99M – $5.31M
NOI $318,883 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,864
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Neighborhood commercial property with established retail and residential components.
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 and 2 residential units; 0.24‑acre mixed‑use property in Oakland’s Piedmont Avenue corridor; CN‑1 zoning
