Building Details

Year Built 1979

Listing Agency: WELLS & BENNETT REALTORS Show Phone

Listed By: KELLY KLINGLER · License #01052191 Show Phone

Source: Corcoran

Added: Sep 17, 2025 Changed: Oct 21 Last Checked: Oct 20 at 8:52PM

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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 WELLS & BENNETT REALTORS

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Investment Insights

Based on property information with market context.

This well-maintained 7,895 square foot building is ideal for an owner-user or investor. It features easy access to Hwy 24 and I-580. The property includes on-site gated parking and is elevator served. The building has high ceilings, good natural light, ample power and plumbing, and a storage/receiving/work area with a rollup door. The first floor features a reception/lobby, five private exam rooms, two lab rooms with sinks and cabinetry, three restrooms, one shower, an open area, and a storage/receiving/work area with a rollup door. The upper floor features five private offices, two open areas, a kitchen, an outdoor patio, a wet bar closet, a storage room, and two restrooms. Currently used by the seller for a health clinic and education, the property will be delivered vacant.

Key Highlights

• Delivered vacant, ideal for owner‑user or investor.
• Excellent accessibility to Hwy 24 and I‑580.
• Versatile layout with both exam/lab rooms and private offices.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$130,741

Cap Rate

6.59%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,614,820 $2.6M

Cap Rate 7%

$1,867,729 $1.9M

Cap Rate 9%

$1,452,678 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,895 SF

Gross rent

$236.9K $30.00/SF

− Vacancy

−$18.9K −$2.40/SF

EGI

$217.9K $27.60/SF

− OpEx

−$87.2K −$11.04/SF

NOI

$130.7K $16.56/SF

Area

Oakland, CA

Vacancy

8.00%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,614,820

Cap Rate 7%

$1,867,729

Cap Rate 9%

$1,452,678

Alternative Uses

Best Use

Healthcare Medical

$1.87M

$1.63M – $2.18M (±1% cap)

NOI $130,741 @ 7.0% cap · market cap 6.59%

Second Best

Office B

$1.51M

$1.32M – $1.76M (±1% cap)

NOI $105,844 @ 7.0% cap · market cap 5.33%

Theoretical Best

Multifamily LT 5

$2.58M

$2.26M – $3.02M (±1% cap)

NOI $180,936 @ 7.0% cap · market cap 9.12%

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

Property Analytics

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Open Analytics

Current Use

OASIS Clinic Medical Clinic Dr. Diana L. ... Physician

Suggested Use

Top Pick Veterinary Clinic Pet Grooming Service Electrical Service (Bike/Boat/Book/etc) Store Tanning Salon Carpet & Flooring Store

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

6,431

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 94612, CA

19,773

Population

11,928

Households

1.7

Avg Household Size

38

Median Age

54%

College-Educated

87%

High-School Grad

1.0 sq mi

ZIP Area

19,773

Density / Sq Mi

$77,069

Median Household Income

$70,221

Median Earnings

$1,936

Median Rent

$814,000

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Well-maintained medical/office building with gated parking and flexible layout.

Where is this medical office space located?

The property is located at 520 520 27th Street Oakland, CA.

What is the asking price?

The asking price for this property is $1,985,000.

What are key features of this property?

This property features: Delivered vacant, ideal for owner‑user or investor.; Excellent accessibility to Hwy 24 and I‑580.; Versatile layout with both exam/lab rooms and private offices.