Flex Building with Mezzanine
For Sale
$2,925,000
433 Jefferson Street, Oakland, CA 94607
17,631 SF building with ground-floor office, mezzanine offices, warehouse/indoor parking, atrium natural light, and central HVAC.
Property Size17,631 SF
Lot Size0.34 Acres
Price / SF$165.90
Days on Market38
Property Features for 433 Jefferson Street
General Information
Standard status
Active
Size
17,631 SF
Class
Class C
Lot size
0.34 Acres
Property subtype
8/20/2026
Amenities
Huge Atrium with Abundant Natural Light
Central HVAC Throughout
Temperature Controlled IT Room
Building Details
Building Size
17,631 SF
Year Built
2026
Properties For Sale
at 433 Jefferson Street Contact us- Size
- 17,631 SF
Available Space
Listing Agency:
Cushman & Wakefield | Oakland
(510) 267-6014
Listed By:
Jeffrey Leenhouts
(510) 267-6014
Source:
Cushmanwakefield
Added: Jul 25
Changed: Aug 28
Last Checked: Aug 30 at 2:01PM
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 Cushman & Wakefield | Oakland
Investment Insights
Based on property information with market context.
This flex building includes a ground-floor office component and a mezzanine office level, along with warehouse and/or indoor parking space. The layout combines private offices with open area, supported by a central HVAC system and a temperature-controlled IT room. Building utilities include 400 amps of 120/240-volt power, and the property features a huge atrium with abundant natural light.
The offering is located at 433 Jefferson St, Oakland, CA 94607, and sits on a 115,000 SF parcel. The property also includes an employee parking lot of 6,830 SF, supporting day-to-day operations for office and flex users. At this time, the listed improvements are described as 17,631 SF building size, with 110,000 SF ground-floor office, 15,000 SF warehouse/indoor parking, and 2,631 SF mezzanine office space.
The offering is located at 433 Jefferson St, Oakland, CA 94607, and sits on a 115,000 SF parcel. The property also includes an employee parking lot of 6,830 SF, supporting day-to-day operations for office and flex users. At this time, the listed improvements are described as 17,631 SF building size, with 110,000 SF ground-floor office, 15,000 SF warehouse/indoor parking, and 2,631 SF mezzanine office space.
Key Highlights
- 17,631 SF building on a 15,000 SF parcel
- Includes 10,000 SF ground‑floor office plus 2,631 SF mezzanine office
- 5,000 SF warehouse/indoor parking area with an additional 6,830 SF employee parking lot
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
$247,539
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
8.46%
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%
$4,950,780
$5.0M
Cap Rate 7%
$3,536,271
$3.5M
Cap Rate 9%
$2,750,433
$2.8M
Market Conditions
NOI Build-Up for 17,631 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
$423.1K $24.00/SF
− Vacancy
−$42.3K −$2.40/SF
EGI
$380.8K $21.60/SF
− OpEx
−$133.3K −$7.56/SF
NOI
$247.5K $14.04/SF
Area
Oakland, CA
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
35.00%
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%
$4,950,780
Cap Rate 7%
$3,536,271
Cap Rate 9%
$2,750,433
Alternative Uses
Best Use
Flex RnD
$3.54M
$3.09M – $4.13M
NOI $247,539 @ 7.0% cap · market cap 8.46%
Second Best
Industrial
$3.08M
$2.70M – $3.59M
NOI $215,699 @ 7.0% cap · market cap 7.37%
Theoretical Best
Multifamily LT 5
$5.77M
$5.05M – $6.73M
NOI $404,063 @ 7.0% cap · market cap 13.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,099
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 17,631 SF building with ground-floor office, mezzanine offices, warehouse/indoor parking, atrium natural light, and central HVAC.
Where is this flex space located?
The property is located at 433 Jefferson Street Oakland, CA.
What is the asking price?
The asking price for this property is $2,925,000.
What are key features of this property?
This property features: 17,631 SF building on a 15,000 SF parcel; Includes 10,000 SF ground‑floor office plus 2,631 SF mezzanine office; 5,000 SF warehouse/indoor parking area with an additional 6,830 SF employee parking lot
