Building Details

Year Built 1924

Buildings 1

Stories 3

Tenancy Multi

Listing Agency: Infinity Investments

Listed By: Steven Peterson · License #01746140 Show Phone

Source: Elliman

Added: Oct 16 Last Checked: Oct 16 at 1:56PM

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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 Infinity Investments

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Investment Insights

Based on property information with market context.

This 8,865-square-foot mixed-use office property contains five suites across three levels. Four suites are occupied under Modified Gross leases, with tenants covering gas, electricity, and interior maintenance. The fifth suite is a vacant office on the upper floor. Built in 1924, the building has CC-2/S-13 zoning and a 6.17% cap rate.

The property is on Claremont Avenue in Oakland, between the Temescal and Rockridge districts. Rockridge and MacArthur BART stations are each minutes away. Walk Score is 88, Bike Score is 60, and Transit Score is 53.

Key Highlights

• 8,865 sq. ft. mixed‑use office building with five suites across three levels
• Four occupied suites under Modified Gross leases; tenants cover gas, electric, and interior maintenance
• Vacant office suite on the upper floor

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$134,571

Cap Rate

6.12%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,691,420 $2.7M

Cap Rate 7%

$1,922,443 $1.9M

Cap Rate 9%

$1,495,233 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,865 SF

Gross rent

$244.7K $27.60/SF

− Vacancy

−$29.4K −$3.31/SF

EGI

$215.3K $24.29/SF

− OpEx

−$80.7K −$9.11/SF

NOI

$134.6K $15.18/SF

Area

Oakland, CA

Vacancy

12.00%

Lease Rate

$27.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,691,420

Cap Rate 7%

$1,922,443

Cap Rate 9%

$1,495,233

Alternative Uses

Best Use

Mixed Use

$1.92M

$1.68M – $2.24M (±1% cap)

NOI $134,571 @ 7.0% cap · market cap 6.12%

Second Best

Office B

$1.70M

$1.49M – $1.98M (±1% cap)

NOI $118,848 @ 7.0% cap · market cap 5.40%

Theoretical Best

Multifamily LT 5

$2.90M

$2.54M – $3.39M (±1% cap)

NOI $203,166 @ 7.0% cap · market cap 9.23%

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

Property Analytics

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Current Use

Reed William A MD Physician Farmers Insurance - Mulugeta ... Insurance Agency Be Real Pilates Gym & Fitness Center Candise Yang Acupuncture Alternative Medicine Practice Sugar and Spice Rejuvenation ... Spa & Massage Center

Suggested Use

Top Pick HVAC Service Home Appliance Store Storage Facility (Bike/Boat/Book/etc) Store Electrical Service Mobile Phone 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.

Lease Details

5

Office units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

3,529

Businesses Nearby

Explore this area Business Placement

Demographics for 94618, CA

16,946

Population

7,873

Households

2.2

Avg Household Size

43

Median Age

86%

College-Educated

98%

High-School Grad

2.4 sq mi

ZIP Area

7,061

Density / Sq Mi

$205,552

Median Household Income

$119,347

Median Earnings

$2,742

Median Rent

$1,789,100

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?

Mixed-use property - Five suites on three levels combine occupied commercial space with a vacant upper-floor office.

Where is this mixed-use property located?

The property is located at 5263 Claremont Ave Oakland, CA.

What is the asking price?

The asking price for this property is $2,200,000.

What are key features of this property?

This property features: 8,865 sq. ft. mixed‑use office building with five suites across three levels; Four occupied suites under Modified Gross leases; tenants cover gas, electric, and interior maintenance; Vacant office suite on the upper floor