5-Unit Storefront
4935 Shattuck Ave, Oakland, CA 94609
For Sale
$1,600,000
Fully leased retail building with restaurant, café, salon, and market occupancies in Oakland’s Temescal district.
Property Size4,687 SF
Days on Market49
Property Features for 4935 Shattuck Ave
General Information
Standard status
Size
Property subtype
Occupancy
Financials
Cap Rate
Gross Income
Site & Location
Neighborhood
Anchor Co-Tenants
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Red Oak Realty
Listed By:
Thomas Garabedian Cone · License #02034258
(510) 499-1235
Source:
Annnewtoncane
Added: Sep 20
Changed: Nov 5
Last Checked: Nov 6 at 4:48PM
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 Red Oak Realty
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Investment Insights
Based on property information with market context.
This 5-unit storefront property at 4935 Shattuck Ave is fully leased to a varied retail and food-service tenant roster. Occupancies include Snail Bar, a café, a second restaurant with a full kitchen build-out, a hair salon, and an African market. The property was built in 1956 and combines multiple commercial suites within one retail asset.
Located in Oakland’s Temescal district, the building offers an established operating profile with an average of 4+ years remaining on the existing leases. Annual rent escalations are included in the lease structure, and the property is offered at a 6.37% cap rate. Snail Bar is identified as Michelin Guide-recommended.
Located in Oakland’s Temescal district, the building offers an established operating profile with an average of 4+ years remaining on the existing leases. Annual rent escalations are included in the lease structure, and the property is offered at a 6.37% cap rate. Snail Bar is identified as Michelin Guide-recommended.
Key Highlights
- Five leased retail units at 4935 Shattuck Ave
- Tenant mix includes Snail Bar, a café, restaurant, hair salon, and African market
- Additional restaurant includes a full kitchen build‑out
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,192
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,083,840
$2.1M
Cap Rate 7%
$1,488,457
$1.5M
Cap Rate 9%
$1,157,689
$1.2M
Market Conditions
NOI Build-Up for 4,687 SF
Gross rent
$146.2K $31.20/SF
− Vacancy
−$7.3K −$1.56/SF
EGI
$138.9K $29.64/SF
− OpEx
−$34.7K −$7.41/SF
NOI
$104.2K $22.23/SF
Area
Oakland, CA
Vacancy
5.00%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,083,840
Cap Rate 7%
$1,488,457
Cap Rate 9%
$1,157,689
Alternative Uses
Best Use
Specialty Retail
$1.49M
$1.30M – $1.74M
NOI $104,192 @ 7.0% cap · market cap 6.51%
Second Best
Retail
$1.30M
$1.14M – $1.51M
NOI $90,877 @ 7.0% cap · market cap 5.68%
Theoretical Best
Multifamily LT 5
$1.53M
$1.34M – $1.79M
NOI $107,416 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,035
Businesses Nearby
137k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 42%
Electronics 3%
Apparel 3%
McDonald's
Dining
28,227 visits/mo
0.3 miles
ARCO
Shops & Services
24,796 visits/mo
0.1 miles
Jack in the Box
Dining
19,226 visits/mo
0.3 miles
Chevron
Shops & Services
11,813 visits/mo
0.3 miles
Peet's Coffee & Tea
Dining
8,515 visits/mo
0.1 miles
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
$1,147,900
Median Home Value
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Market
Average Price Trend$/SF for Storefront properties in Oakland, CA
Properties on Market for Storefront properties in Oakland
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Lamber — 351 40th St, Oakland, CA 94609
- Mille Fiori — 4125 Piedmont Ave, Oakland, CA 94611
- Showers of Flowers — 3850 San Pablo Ave #100, Emeryville, CA 94608
- Helen Flower Shop — 4123 Manila Ave, Oakland, CA 94609
- Rooted Floral Design Co. — 5239 College Ave, Oakland, CA 94618
Frequently Asked Questions
What type of property is this?
Storefront property - Fully leased retail building with restaurant, café, salon, and market occupancies in Oakland’s Temescal district.
Where is this storefront property located?
The property is located at 4935 Shattuck Ave Oakland, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Five leased retail units at 4935 Shattuck Ave; Tenant mix includes Snail Bar, a café, restaurant, hair salon, and African market; Additional restaurant includes a full kitchen build‑out
