Prime Retail/Office Condo in
For Sale
$1,400,000
416 8th St, Oakland, CA 94607
Highly visible retail/office condo in a vibrant urban Oakland location.
Property Size4,370 SF
Price / SF$320.37
Days on Market475
Property Features for 416 8th St
General Information
Standard status
Active
Size
4,370 SF
Building Details
Year Built
1980
Listing Agency:
COMPASS
Listed By:
KEN WU
Source:
Corcoran
Added: Jun 19, 2025
Changed: Mar 16
Last Checked: Aug 30 at 2:22PM
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 COMPASS
Investment Insights
Based on property information with market context.
This ground-floor retail/office condominium is located in Oakland, CA. The unit features a spacious open floor plan, large windows, and high ceilings, providing natural light and an inviting atmosphere suitable for both retail and office uses. The property offers six parking spaces rented from the HOA and two private restrooms. Its central location provides easy access to downtown Oakland, major transportation hubs, and local amenities, ensuring foot traffic and convenience. The condominium is suitable for a variety of businesses, including retail shops, professional offices, or service-oriented establishments. With flexible zoning, this property is an ideal choice for establishing a presence in one of Oakland’s dynamic neighborhoods. The property size is 4,370 square feet.
Key Highlights
- Prime ground‑floor location at 801 Franklin St, Oakland, CA 94607 with high visibility and accessibility.
- Spacious open floor plan, large windows, and high ceilings providing ample natural light.
- Six (6) parking spaces rented from HOA.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,731
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,694,620
$1.7M
Cap Rate 7%
$1,210,443
$1.2M
Cap Rate 9%
$941,456
$941.5K
Market Conditions
NOI Build-Up for 4,370 SF
Gross rent
$128.0K $29.28/SF
− Vacancy
−$6.9K −$1.58/SF
EGI
$121.0K $27.70/SF
− OpEx
−$36.3K −$8.31/SF
NOI
$84.7K $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%
$1,694,620
Cap Rate 7%
$1,210,443
Cap Rate 9%
$941,456
Alternative Uses
Best Use
Retail
$1.21M
$1.06M – $1.41M
NOI $84,731 @ 7.0% cap · market cap 6.05%
Second Best
Office B
$836.9K
$732.3K – $976.4K
NOI $58,586 @ 7.0% cap · market cap 4.18%
Theoretical Best
Multifamily LT 5
$1.43M
$1.25M – $1.67M
NOI $100,151 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
9,091
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Retail space - Highly visible retail/office condo in a vibrant urban Oakland location.
Where is this retail space located?
The property is located at 416 8th St Oakland, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Prime ground‑floor location at 801 Franklin St, Oakland, CA 94607 with high visibility and accessibility.; Spacious open floor plan, large windows, and high ceilings providing ample natural light.; Six (6) parking spaces rented from HOA.
