Zoned CN-3 Retail
For Sale
$1,288,000
5300-5308 Foothill Blvd, Oakland, CA 94601
Retail building with two units totaling 5,350 SF, zoned CN-3, suitable for retail or street retail uses.
Property Size5,350 SF
Price / SF$240.75
Days on Market72
Property Features for 5300-5308 Foothill Blvd
General Information
Standard status
Active
Size
5,350 SF
Property subtype
Retail
Zoning
CN-3
Building Details
Building Size
5,350 SF
Listing Agency:
eXp Commercial - CA
Listed By:
Brian Merrion · License #CalDRE #01940486
(415) 802-1400
Source:
7s
Added: Jun 25
Changed: Aug 15
Last Checked: Sep 2 at 2:03PM
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 eXp Commercial - CA
Investment Insights
Based on property information with market context.
This retail building features approximately 5,350 SF divided into two separate units, offering flexibility for an owner-occupant or an investor seeking multiple income spaces. The property is positioned for retail or street retail use based on the existing zoning designation.
The property is located at 5300-5308 Foothill Blvd in Oakland, California, within a CN-3 zoning district.
With two distinct units in place and CN-3 zoning, the site is configured for businesses looking for street-facing retail space opportunities under the current land-use designation.
The property is located at 5300-5308 Foothill Blvd in Oakland, California, within a CN-3 zoning district.
With two distinct units in place and CN-3 zoning, the site is configured for businesses looking for street-facing retail space opportunities under the current land-use designation.
Key Highlights
- Retail building totaling 5,350 SF at 5300‑5308 Foothill Blvd
- Building is divided into 2 units
- Zoned CN‑3 for retail or street retail uses
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
$87,296
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
6.78%
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%
$1,745,920
$1.7M
Cap Rate 7%
$1,247,086
$1.2M
Cap Rate 9%
$969,956
$970.0K
Market Conditions
NOI Build-Up for 5,350 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
$134.8K $25.20/SF
− Vacancy
−$10.1K −$1.89/SF
EGI
$124.7K $23.31/SF
− OpEx
−$37.4K −$6.99/SF
NOI
$87.3K $16.32/SF
Area
ZIP 94601
Vacancy
7.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
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%
$1,745,920
Cap Rate 7%
$1,247,086
Cap Rate 9%
$969,956
Alternative Uses
Best Use
Retail
$1.25M
$1.09M – $1.45M
NOI $87,296 @ 7.0% cap · market cap 6.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.18M
$1.91M – $2.54M
NOI $152,650 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
926
Businesses Nearby
8k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Electronics 28%
Apparel 21%
U-Haul of Oakland
Shops & Services
4,165 visits/mo
0.4 miles
Cricket Wireless Authorized Retailer
Electronics
2,271 visits/mo
0.5 miles
Melrose
Apparel
1,726 visits/mo
0.4 miles
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 Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail building with two units totaling 5,350 SF, zoned CN-3, suitable for retail or street retail uses.
Where is this storefront property located?
The property is located at 5300-5308 Foothill Blvd Oakland, CA.
What is the asking price?
The asking price for this property is $1,288,000.
What are key features of this property?
This property features: Retail building totaling 5,350 SF at 5300‑5308 Foothill Blvd; Building is divided into 2 units; Zoned CN‑3 for retail or street retail uses
