Mixed-Use Property with
For Sale
$1,995,000
4319 Piedmont Ave, Oakland, CA 94611
Two leased commercial units combine street-level retail with second-floor office space.
Property Size3,250 SF
Days on Market18
Property Features for 4319 Piedmont Ave
General Information
Standard status
Active
Size
3,250 SF
Total Parking Spaces
4
Property subtype
Comm Ind For Sale
Building Details
Building Size
3,250 SF
Year Built
1958
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Winkler Real Estate Group
Listed By:
Tom Coble · License #01895472
(510) 915-1615
Source:
Remaxaccord
Added: Aug 26
Changed: Sep 11
Last Checked: Sep 12 at 7:16AM
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 Winkler Real Estate Group
Investment Insights
Based on property information with market context.
Built in 1958, this mixed-use property at 4319 Piedmont Ave includes two leased commercial units arranged for complementary retail and office use. The ground-floor space is occupied by a salon and features broad storefront windows, an ADA-accessible bathroom, and a layout adaptable to retail, service, studio, showroom, or professional applications. The upper level is configured as office space and is also leased, creating a two-level commercial arrangement with separate use profiles.
Four off-street parking spaces are located at the rear for tenant and customer use. The property sits in Oakland’s Piedmont Avenue commercial district and carries a 97 Walkscore, with a storefront-oriented configuration and office space above.
Four off-street parking spaces are located at the rear for tenant and customer use. The property sits in Oakland’s Piedmont Avenue commercial district and carries a 97 Walkscore, with a storefront-oriented configuration and office space above.
Key Highlights
- Two leased units: ground‑floor retail and second‑floor office
- Ground‑level storefront includes large windows and an ADA‑accessible bathroom
- Four off‑street parking spaces at the rear
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
$56,063
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
2.81%
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%
$1,121,260
$1.1M
Cap Rate 7%
$800,900
$800.9K
Cap Rate 9%
$622,922
$622.9K
Market Conditions
NOI Build-Up for 3,250 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
$97.5K $30.00/SF
− Vacancy
−$7.8K −$2.40/SF
EGI
$89.7K $27.60/SF
− OpEx
−$33.6K −$10.35/SF
NOI
$56.1K $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%
$1,121,260
Cap Rate 7%
$800,900
Cap Rate 9%
$622,922
Alternative Uses
Best Use
Mixed Use
$800.9K
$700.8K – $934.4K
NOI $56,063 @ 7.0% cap · market cap 2.81%
Second Best
Retail
$757.6K
$662.9K – $883.8K
NOI $53,030 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,836 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,781
Businesses Nearby
220k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Groceries 31%
Shops & Services 28%
Electronics 2%
Safeway
Groceries
67,380 visits/mo
0.4 miles
Wendy's
Dining
17,217 visits/mo
0.5 miles
Panda Express
Dining
15,662 visits/mo
0.3 miles
Chase Bank
Shops & Services
12,600 visits/mo
0.3 miles
Wells Fargo
Shops & Services
12,026 visits/mo
0.4 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two leased commercial units combine street-level retail with second-floor office space.
Where is this mixed-use property located?
The property is located at 4319 Piedmont Ave Oakland, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Two leased units: ground‑floor retail and second‑floor office; Ground‑level storefront includes large windows and an ADA‑accessible bathroom; Four off‑street parking spaces at the rear
