Oakland Mixed-Use Office
For Sale
Contact for pricing
440 Grand Ave, Oakland, CA
Five-story mixed-use office building near Lake Merritt.
Property Size29,200 SF
Lot Size0.14 Acres
Price / SF$308.22
Days on Market464
Property Features for 440 Grand Ave
General Information
Standard status
Active
Size
29,200 SF
Lot size
0.14 Acres
Property subtype
OFFICE
Listing Agency:
Cushman & Wakefield | Oakland
(510) 465-8000
Listed By:
Ryan Hattersley · License #01354553
(510) 891-5802
Source:
Moodyscre
Added: Jul 9, 2025
Changed: Oct 11
Last Checked: Oct 15 at 1:56AM
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 five-story mixed-use office building offers approximately 29,200 rentable square feet on a 6,300 square foot lot. The property is positioned directly across from Lake Merritt and is located two blocks from I-580, with convenient access to nearby restaurants and retail amenities. Metered parking is available on Grand Avenue, with free daily parking on neighborhood side streets. The building presents an opportunity for an owner-user or value-add investor. Up to 50% of the building can be delivered vacant, offering flexibility to an owner-user looking to receive income while identifying their footprint and future needs.
Key Highlights
- Directly across from Lake Merritt
- Up to 50% vacancy allows owner‑user flexibility
- Excellent opportunity for owner‑user or value‑add investor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$443,256
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,865,120
$8.9M
Cap Rate 7%
$6,332,229
$6.3M
Cap Rate 9%
$4,925,067
$4.9M
Market Conditions
NOI Build-Up for 29,200 SF
Gross rent
$805.9K $27.60/SF
− Vacancy
−$96.7K −$3.31/SF
EGI
$709.2K $24.29/SF
− OpEx
−$266.0K −$9.11/SF
NOI
$443.3K $15.18/SF
Area
Oakland, CA
Vacancy
12.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,865,120
Cap Rate 7%
$6,332,229
Cap Rate 9%
$4,925,067
Alternative Uses
Best Use
Mixed Use
$6.33M
$5.54M – $7.39M
NOI $443,256 @ 7.0% cap · market cap 4.93%
Second Best
Office B
$5.59M
$4.89M – $6.52M
NOI $391,467 @ 7.0% cap · market cap 4.35%
Theoretical Best
Multifamily LT 5
$9.56M
$8.36M – $11.15M
NOI $669,199 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,664
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office 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?
Office building - Five-story mixed-use office building near Lake Merritt.
Where is this office building located?
The property is located at 440 Grand Ave Oakland, CA.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: Directly across from Lake Merritt; Up to 50% vacancy allows owner‑user flexibility; Excellent opportunity for owner‑user or value‑add investor
