One-Story Mixed-Use
For Sale
$1,500,000
5555 Claremont Avenue, Oakland, CA 94618
One-story commercial and residential property near Rockridge BART, College Avenue, and Highway 24.
Property Size4,256 SF
Price / SF$352.44
Days on Market537
Property Features for 5555 Claremont Avenue
General Information
Standard status
Active
Size
4,256 SF
Net Rentable
4,256 SF
Property subtype
Commercial Sale / Mixed Use
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Amenities
1 Story
1
Building Details
Year Built
1929
Tenancy
Multi
Listing Agency:
Compass Danville
(415) 299-1124
Listed By:
Marshall Ward · License #01919391
(415) 299-1124
Source:
Compass
Added: Mar 12, 2025
Changed: Aug 29
Last Checked: Aug 29 at 9:12PM
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 Compass Danville
Investment Insights
Based on property information with market context.
This one-story mixed-use property contains 4,256 square feet of rentable space within a building constructed in 1929. The asset combines commercial and residential components at 5555 Claremont Avenue, with additional residential addresses on Forest Street. The conflicting unit-count details are omitted.
The property sits in Oakland’s Rockridge area, within walking distance of Rockridge BART Station and the shops and restaurants along College Avenue. Highway 24 provides regional access to the greater Bay Area. Claremont Country Club and Dreyer’s international corporate headquarters are also identified in the surrounding community.
The property sits in Oakland’s Rockridge area, within walking distance of Rockridge BART Station and the shops and restaurants along College Avenue. Highway 24 provides regional access to the greater Bay Area. Claremont Country Club and Dreyer’s international corporate headquarters are also identified in the surrounding community.
Key Highlights
- 4,256 square feet of rentable space
- One‑story building constructed in 1929
- Mixed‑use commercial and residential configuration
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
$89,866
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
5.99%
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%
$1,797,320
$1.8M
Cap Rate 7%
$1,283,800
$1.3M
Cap Rate 9%
$998,511
$998.5K
Market Conditions
NOI Build-Up for 4,256 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
$171.1K $40.20/SF
− Vacancy
−$7.7K −$1.81/SF
EGI
$163.4K $38.39/SF
− OpEx
−$73.5K −$17.28/SF
NOI
$89.9K $21.12/SF
Area
Oakland, CA
Vacancy
4.50%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
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%
$1,797,320
Cap Rate 7%
$1,283,800
Cap Rate 9%
$998,511
Alternative Uses
Best Use
Apartment 5plus
$1.28M
$1.12M – $1.50M
NOI $89,866 @ 7.0% cap · market cap 5.99%
Second Best
Retail
$1.18M
$1.03M – $1.38M
NOI $82,521 @ 7.0% cap · market cap 5.50%
Theoretical Best
Multifamily LT 5
$1.39M
$1.22M – $1.63M
NOI $97,538 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,669
Businesses Nearby
200k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 56%
Shops & Services 27%
Dining 12%
Home Improvements & Furnishings 5%
Trader Joe's
Groceries
54,351 visits/mo
0.2 miles
Safeway
Groceries
53,605 visits/mo
0.5 miles
Chevron
Shops & Services
11,813 visits/mo
0.4 miles
Philz Coffee
Dining
11,727 visits/mo
0.5 miles
Bank of America
Shops & Services
10,523 visits/mo
0.4 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - One-story commercial and residential property near Rockridge BART, College Avenue, and Highway 24.
Where is this mixed-use property located?
The property is located at 5555 Claremont Avenue Oakland, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 4,256 square feet of rentable space; One‑story building constructed in 1929; Mixed‑use commercial and residential configuration
