Two-Story Office
For Sale
$1,283,000
482 W Macarthur Blvd, Oakland, CA 94609
Office and medical uses are supported, with natural light, an elevator, and fiber internet throughout.
Property Size6,414 SF
Days on Market147
Property Features for 482 W Macarthur Blvd
General Information
Standard status
Active
Size
6,414 SF
Class
C
Property subtype
Office - General Office
Building Details
Building Size
6,414 SF
Year Built
1983
Listing Agency:
SVN | Capital West Partners
(415) 378-8174
Listed By:
Catherine House, CRE, CCIM, FRICS · License #01327824
Source:
Commercialcafe
Added: Apr 7
Changed: Aug 31
Last Checked: Aug 31 at 4:14AM
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 SVN | Capital West Partners
Investment Insights
Based on property information with market context.
Located at 482 W MacArthur Boulevard in Oakland, this 1983 office property provides two levels and approximately ±6,414 square feet. The ground floor contains ±2,000 square feet, while the second floor offers ±4,414 square feet. Skylights, windows, and a central atrium courtyard bring natural light into the building, complemented by a small rear garden.
The property is one block from the MacArthur BART station and offers access to Interstates 580 and 24. It is situated near Pill Hill, Kaiser Permanente’s headquarters, Mosswood Park, Jack London Square, Lake Merritt, Downtown Oakland, and the Uptown district. The building is equipped with an ADA-accessible elevator, fiber internet throughout, and an electric vehicle charging outlet. Its zoning supports office and medical uses.
The property is one block from the MacArthur BART station and offers access to Interstates 580 and 24. It is situated near Pill Hill, Kaiser Permanente’s headquarters, Mosswood Park, Jack London Square, Lake Merritt, Downtown Oakland, and the Uptown district. The building is equipped with an ADA-accessible elevator, fiber internet throughout, and an electric vehicle charging outlet. Its zoning supports office and medical uses.
Key Highlights
- ±6,414 square feet across two floors
- ±2,000 square feet on the ground floor and ±4,414 square feet on the second floor
- One block from the MacArthur BART station
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
$85,989
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
6.70%
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%
$1,719,780
$1.7M
Cap Rate 7%
$1,228,414
$1.2M
Cap Rate 9%
$955,433
$955.4K
Market Conditions
NOI Build-Up for 6,414 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
$150.9K $23.52/SF
− Vacancy
−$36.2K −$5.64/SF
EGI
$114.7K $17.88/SF
− OpEx
−$28.7K −$4.47/SF
NOI
$86.0K $13.41/SF
Area
Oakland, CA
Vacancy
24.00%
Lease Rate
$23.52 /SF/Yr
Expense Ratio
25.00%
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%
$1,719,780
Cap Rate 7%
$1,228,414
Cap Rate 9%
$955,433
Alternative Uses
Best Use
Office B
$1.23M
$1.07M – $1.43M
NOI $85,989 @ 7.0% cap · market cap 6.70%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.10M
$1.84M – $2.45M
NOI $146,995 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,446
Businesses Nearby
Explore this area
Business Placement
Demographics for 94609, CA
23,578
Population
11,915
Households
2
Avg Household Size
36
Median Age
62%
College-Educated
95%
High-School Grad
1.7 sq mi
ZIP Area
13,869
Density / Sq Mi
$106,698
Median Household Income
$69,221
Median Earnings
$2,116
Median Rent
$1,147,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office and medical uses are supported, with natural light, an elevator, and fiber internet throughout.
Where is this office building located?
The property is located at 482 W Macarthur Blvd Oakland, CA.
What is the asking price?
The asking price for this property is $1,283,000.
What are key features of this property?
This property features: ±6,414 square feet across two floors; ±2,000 square feet on the ground floor and ±4,414 square feet on the second floor; One block from the MacArthur BART station
