5115 8th St, Oakland, CA 94601

Building Details

Year Built 1949 More

Listing Agency: MARTINI COMPANY REAL ESTATE Show Phone

Listed By: BLAKE MARTINI · License CA #01908725

Source: Corcoran

Added: Feb 12 Changed: Aug 8 Last Checked: May 15 at 4:37AM

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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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

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 / Yr

$44,567

Cap Rate

4.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$891,340 $891.3K

Cap Rate 7%

$636,671 $636.7K

Cap Rate 9%

$495,189 $495.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,000 SF

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 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 (±1% cap)

NOI $44,567 @ 7.0% cap · market cap 4.07%

Second Best

Industrial

$524.3K

$458.8K – $611.7K (±1% cap)

NOI $36,702 @ 7.0% cap · market cap 3.35%

Theoretical Best

Office A

$1.22M

$1.07M – $1.43M (±1% cap)

NOI $85,598 @ 7.0% cap · market cap 7.82%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Warehouses

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Pharmacy Skin Care Clinic Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,069

Businesses Nearby

Well-served

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

Average Price Trend$/SF for Warehouses in Oakland, CA

$255 Jul

$285 Aug

$263 Sep

$283 Oct

Properties on Market for Warehouses in Oakland

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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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.