Flex Space with Transit
New
For Sale
$799,000
5526 San Pablo Ave, Oakland, CA 94608
Commercial building near retail, dining, public transportation, and major East Bay employment centers.
Property Size2,880 SF
Lot Size0.11 Acres
Price / SF$277.43
Days on Market5
Property Features for 5526 San Pablo Ave
General Information
Standard status
Active
Size
2,880 SF
Lot size
0.11 Acres
Property subtype
Commercial
Building Details
Year Built
1935
Buildings
1
Stories
1
Building Size
2,880 SF
Listing Agency:
Marcus & Millichap - Palo Alto
(408) 421-4703
Listed By:
Andres Lopez · License #01936458
(408) 421-4703
Source:
Elliman
Added: Aug 18
Changed: Aug 19
Last Checked: Aug 21 at 10:56AM
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 Marcus & Millichap - Palo Alto
Investment Insights
Based on property information with market context.
This flex space includes approximately 2,880 square feet of building area on a 4,822-square-foot parcel. Constructed in 1935, the property is positioned within an established residential setting with newer housing and ongoing development nearby. Its configuration may suit investors or owner-users seeking a commercial property in Oakland, subject to independent verification of zoning, permitted uses, measurements, and development potential.
The property offers access to retail, restaurants, public transportation, major freeways, and Bay Area employment centers. Rockridge BART station is a short bike ride away, adding regional transit connectivity. Walk Score is 94, Bike Score is 98, and Transit Score is 73.
The property offers access to retail, restaurants, public transportation, major freeways, and Bay Area employment centers. Rockridge BART station is a short bike ride away, adding regional transit connectivity. Walk Score is 94, Bike Score is 98, and Transit Score is 73.
Key Highlights
- Approximately 2,880 square feet of building area
- 4,822‑square‑foot parcel
- Constructed in 1935
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
$42,784
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
5.35%
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%
$855,680
$855.7K
Cap Rate 7%
$611,200
$611.2K
Cap Rate 9%
$475,378
$475.4K
Market Conditions
NOI Build-Up for 2,880 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
$55.0K $19.08/SF
− Vacancy
−$4.6K −$1.60/SF
EGI
$50.3K $17.48/SF
− OpEx
−$7.6K −$2.62/SF
NOI
$42.8K $14.86/SF
Area
Oakland, CA
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 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%
$855,680
Cap Rate 7%
$611,200
Cap Rate 9%
$475,378
Alternative Uses
Best Use
Warehouse
$611.2K
$534.8K – $713.1K
NOI $42,784 @ 7.0% cap · market cap 5.35%
Second Best
Flex RnD
$577.6K
$505.4K – $673.9K
NOI $40,435 @ 7.0% cap · market cap 5.06%
Theoretical Best
Multifamily LT 5
$942.9K
$825.0K – $1.10M
NOI $66,003 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,656
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94608, CA
33,073
Population
17,956
Households
1.8
Avg Household Size
36
Median Age
64%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
11,812
Density / Sq Mi
$116,306
Median Household Income
$73,845
Median Earnings
$2,561
Median Rent
$826,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Big City Chefs — 5855 horton st, emeryville, ca 94608
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- Jmd caterers — 5938 San Pablo Ave APT 103, Emeryville, CA 94608
- Argo Catering — 5874 Doyle St, Emeryville, CA 94608
Frequently Asked Questions
What type of property is this?
Flex space - Commercial building near retail, dining, public transportation, and major East Bay employment centers.
Where is this flex space located?
The property is located at 5526 San Pablo Ave Oakland, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Approximately 2,880 square feet of building area; 4,822‑square‑foot parcel; Constructed in 1935
