Mixed-Use Building with
For Sale
$798,000
414 E 12Th St, Oakland, CA 94606
Mixed-use building with two residential units and a storefront commercial space in an Opportunity Zone area.
Property Size3,000 SF
Days on Market58
Property Features for 414 E 12Th St
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Triplex
Additional Details
Opportunity Zone
Yes
Building Details
Building Size
3,000 SF
Year Built
1900
Listing Agency:
Michael James Real Estate
Listed By:
Denise MaNguyen · License #01372628
(510) 593-7367
Source:
Coastandcore
Added: Jul 25
Changed: Sep 15
Last Checked: Sep 20 at 12:20PM
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 Michael James Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property includes two residential units and a storefront commercial space. The resident units have remodeled kitchens and bathrooms, providing updated interior finishes within the building.
The asset is located at 414 E 12th Street in Oakland, within an Opportunity Zone. Public remarks indicate the property is blocks from Lake Merritt.
For investors looking at a mixed setup, the combination of residential income and storefront space offers multiple revenue components under one ownership.
The asset is located at 414 E 12th Street in Oakland, within an Opportunity Zone. Public remarks indicate the property is blocks from Lake Merritt.
For investors looking at a mixed setup, the combination of residential income and storefront space offers multiple revenue components under one ownership.
Key Highlights
- Mixed‑use building in an Opportunity Zone at 414 E 12th Street, Oakland
- Year built 1900
- Includes 2 residential units plus a storefront commercial space
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
$64,488
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
8.08%
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%
$1,289,760
$1.3M
Cap Rate 7%
$921,257
$921.3K
Cap Rate 9%
$716,533
$716.5K
Market Conditions
NOI Build-Up for 3,000 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
$97.2K $32.40/SF
− Vacancy
−$5.1K −$1.69/SF
EGI
$92.1K $30.71/SF
− OpEx
−$27.6K −$9.21/SF
NOI
$64.5K $21.50/SF
Area
ZIP 94606
Vacancy
5.22%
Lease Rate
$32.40 /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%
$1,289,760
Cap Rate 7%
$921,257
Cap Rate 9%
$716,533
Alternative Uses
Best Use
Multifamily LT 5
$921.3K
$806.1K – $1.07M
NOI $64,488 @ 7.0% cap · market cap 8.08%
Second Best
Apartment 5plus
$842.0K
$736.8K – $982.3K
NOI $58,940 @ 7.0% cap · market cap 7.39%
Theoretical Best
Office A
$1.37M
$1.20M – $1.59M
NOI $95,662 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,960
Businesses Nearby
Explore this area
Business Placement
Demographics for 94606, CA
40,768
Population
17,457
Households
2.3
Avg Household Size
37
Median Age
40%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
17,725
Density / Sq Mi
$70,769
Median Household Income
$47,558
Median Earnings
$1,775
Median Rent
$747,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for 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 - Mixed-use building with two residential units and a storefront commercial space in an Opportunity Zone area.
Where is this mixed-use property located?
The property is located at 414 E 12Th St Oakland, CA.
What is the asking price?
The asking price for this property is $798,000.
What are key features of this property?
This property features: Mixed‑use building in an Opportunity Zone at 414 E 12th Street, Oakland; Year built 1900; Includes 2 residential units plus a storefront commercial space
