Oakland Medical/Office Building For
For Sale
$1,985,000
520 27th Street, Oakland, CA 94612
Well-maintained medical/office building with easy access and ample amenities.
Property Size7,895 SF
Price / SF$251.42
Days on Market351
Property Features for 520 27th Street
General Information
Standard status
Active
Size
7,895 SF
Total Parking Spaces
1
Zoning
RU-1
Amenities
Enclosed
Building Details
Building Size
7,895 SF
Year Built
1979
Listing Agency:
Wells & Bennett Realtors - Oakland
Listed By:
Kelly Klingler · License #01052191
(925) 550-9540
Source:
Evrealestate
Added: Oct 2, 2025
Changed: Sep 15
Last Checked: Sep 16 at 1:16PM
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 - Oakland
Investment Insights
Based on property information with market context.
This well-maintained building offers convenient access to Hwy 24 and I-580, making it suitable for both owner-users and investors. The property features on-site gated parking, elevator service, high ceilings, and good natural light. A storage/receiving/work area is available, equipped with a rollup door, ample power, and plumbing. The first floor includes a reception/lobby area, five private exam rooms, two lab rooms with sinks and cabinetry, three restrooms, one shower, an open area, and the 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 utilized as a health clinic and for education purposes by the seller, the property will be delivered vacant.
Key Highlights
- Delivered Vacant: Ready for immediate occupancy.
- Excellent Location: Offers easy access to Hwy 24 and I‑580.
- Versatile Layout: Features private offices/exam rooms and open areas.
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
$130,741
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
6.59%
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%
$2,614,820
$2.6M
Cap Rate 7%
$1,867,729
$1.9M
Cap Rate 9%
$1,452,678
$1.5M
Market Conditions
NOI Build-Up for 7,895 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
$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 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%
$2,614,820
Cap Rate 7%
$1,867,729
Cap Rate 9%
$1,452,678
Alternative Uses
Best Use
Healthcare Medical
$1.87M
$1.63M – $2.18M
NOI $130,741 @ 7.0% cap · market cap 6.59%
Second Best
Office B
$1.51M
$1.32M – $1.76M
NOI $105,844 @ 7.0% cap · market cap 5.33%
Theoretical Best
Multifamily LT 5
$2.58M
$2.26M – $3.02M
NOI $180,936 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-maintained medical/office building with easy access and ample amenities.
Where is this medical office space located?
The property is located at 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: Ready for immediate occupancy.; Excellent Location: Offers easy access to Hwy 24 and I‑580.; Versatile Layout: Features private offices/exam rooms and open areas.
