5-Unit Storefront
New
For Sale
$1,800,000
4935 Shattuck Ave, Oakland, CA 94609
Fully leased retail building with restaurant, café, salon, and market occupancies in Oakland’s Temescal district.
Property Size4,687 SF
Days on Market4
Property Features for 4935 Shattuck Ave
General Information
Standard status
Active
Size
4,687 SF
Property subtype
Comm Ind For Sale
Occupancy
100%
Financials
Cap Rate
6.37%
Gross Income
$166,170
Additional Details
Anchor Co-Tenants
Snail Bar
Building Details
Building Size
4,687 SF
Year Built
1956
Tenancy
Multi
Listing Agency:
Red Oak Realty
Listed By:
Thomas Garabedian Cone · License #02034258
(510) 499-1235
Source:
Annnewtoncane
Added: Sep 20
Changed: Sep 23
Last Checked: Sep 22 at 2:57PM
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
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 = 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
$104,192
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
5.79%
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%
$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
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
$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 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%
$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 5.79%
Second Best
Retail
$1.30M
$1.14M – $1.51M
NOI $90,877 @ 7.0% cap · market cap 5.05%
Theoretical Best
Multifamily LT 5
$1.53M
$1.34M – $1.79M
NOI $107,416 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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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 $1,800,000.
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
