Remodeled Warehouse with Large
For Sale
$1,095,000
5115 8th St, Oakland, CA 94601
3,000 sqft warehouse on 15,565 sqft lot for sale.
Property Size3,000 SF
Lot Size0.36 Acres
Price / SF$365
Days on Market181
Property Features for 5115 8th St
General Information
Standard status
Active
Size
3,000 SF
Lot size
0.36 Acres
Property subtype
Commercial
Amenities
Fenced Yard
Metal Roof
Concrete Flooring
Enclosed
Paved
Rolled Composition Roof
Room for Oversized Vehicle
Building Details
Year Built
1949
Listing Agency:
MARTINI COMPANY REAL ESTATE
(925) 286-2737
Listed By:
BLAKE MARTINI · License #01908725
Source:
Corcoran
Added: Feb 12
Changed: Aug 8
Last Checked: Apr 5 at 9:04PM
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 MARTINI COMPANY REAL ESTATE
Investment Insights
Based on property information with market context.
This is a rarely available warehouse encompassing approximately 3,000 square feet and situated on a sizable lot of approximately 15,565 square feet. The property features ample concrete yard space and parking. The warehouse has been remodeled and is in great condition, with updated electrical systems, lighting, and roll-up doors. The yard is secured with a gate. The IG zoning allows for a variety of uses.
Key Highlights
- Large ±15,565 sq.ft. lot size.
- ±3,000 sq.ft. warehouse space.
- Remodeled warehouse in great condition with updated features.
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
$44,567
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
4.07%
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%
$891,340
$891.3K
Cap Rate 7%
$636,671
$636.7K
Cap Rate 9%
$495,189
$495.2K
Market Conditions
NOI Build-Up for 3,000 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
$57.2K $19.08/SF
− Vacancy
−$4.8K −$1.60/SF
EGI
$52.4K $17.48/SF
− OpEx
−$7.9K −$2.62/SF
NOI
$44.6K $14.86/SF
Area
ZIP 94601
Vacancy
8.40%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
15.00%
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%
$891,340
Cap Rate 7%
$636,671
Cap Rate 9%
$495,189
Alternative Uses
Best Use
Warehouse
$636.7K
$557.1K – $742.8K
NOI $44,567 @ 7.0% cap · market cap 4.07%
Second Best
Industrial
$524.3K
$458.8K – $611.7K
NOI $36,702 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,598 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,134
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 94601, CA
54,166
Population
17,454
Households
3.1
Avg Household Size
35
Median Age
24%
College-Educated
70%
High-School Grad
3.2 sq mi
ZIP Area
16,927
Density / Sq Mi
$66,651
Median Household Income
$37,765
Median Earnings
$1,651
Median Rent
$703,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Public Storage — 6201 San Leandro St, Oakland, CA 94621
- Pacific Gas & Electric Co — 4801 Oakport St, Oakland, CA 94601
- McCreas AA Piano Moving Inc. — 715 66th Ave, Oakland, CA 94621
- U-Pack — 4575 Tidewater Ave, Oakland, CA 94601
- Extra Space Storage — 6401 San Leandro St, Oakland, CA 94621
Frequently Asked Questions
What type of property is this?
Warehouse - 3,000 sqft warehouse on 15,565 sqft lot for sale.
Where is this warehouse located?
The property is located at 5115 8th St Oakland, CA.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Large ±15,565 sq.ft. lot size.; ±3,000 sq.ft. warehouse space.; Remodeled warehouse in great condition with updated features.
