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 Market83
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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
10/6/2026
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
Available Space
Size
17,631 SF
Listing Agency:
Cushman & Wakefield | Oakland
Listed By:
Jeffrey Leenhouts
(510) 267-6014
Source:
Cushmanwakefield
Added: Jul 25
Changed: Oct 11
Last Checked: Oct 14 at 7:54PM
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 / Yr
$247,539
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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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
