Freestanding Warehouse with Gated
For Sale
Contact for pricing
5901 Coliseum Way, Oakland, CA 94621
Freestanding warehouse with 20-foot clear height, fire sprinklers, and a large gated concrete yard.
Property Size15,083 SF
Price / SF$172.05
Days on Market73
Property Features for 5901 Coliseum Way
General Information
Standard status
Active
Size
15,083 SF
Property subtype
INDUSTRIAL
Zoning
CIX-2
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
20 ft
Heavy Power
Yes
Sprinkler System
Yes
Listing Agency:
Marcus & Millichap
(818) 212-2700
Listed By:
Martin Agnew · License #01339034
(818) 212-2776
Source:
Moodyscre
Added: Jul 6
Changed: Sep 7
Last Checked: Sep 16 at 1:28PM
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
Investment Insights
Based on property information with market context.
This freestanding warehouse includes 20-foot clear height, fire sprinklers, and power service consisting of 200A 120/240V single-phase and 225A 240V three-phase. The property is set up with a large gated concrete yard to support exterior storage and staging.
The building is located at 5901 Coliseum Way in Oakland, California. CIX-2 zoning is in place for the site.
On-site improvements include the warehouse structure and the secured concrete yard area, designed to support day-to-day operations requiring both indoor and exterior space.
The building is located at 5901 Coliseum Way in Oakland, California. CIX-2 zoning is in place for the site.
On-site improvements include the warehouse structure and the secured concrete yard area, designed to support day-to-day operations requiring both indoor and exterior space.
Key Highlights
- Freestanding warehouse with 20' clear height
- Fire sprinklers
- Power includes 200A 120/240V single‑phase and 225A 240V three‑phase
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
$224,068
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
8.63%
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%
$4,481,360
$4.5M
Cap Rate 7%
$3,200,971
$3.2M
Cap Rate 9%
$2,489,644
$2.5M
Market Conditions
NOI Build-Up for 15,083 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
$287.8K $19.08/SF
− Vacancy
−$24.2K −$1.60/SF
EGI
$263.6K $17.48/SF
− OpEx
−$39.5K −$2.62/SF
NOI
$224.1K $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%
$4,481,360
Cap Rate 7%
$3,200,971
Cap Rate 9%
$2,489,644
Alternative Uses
Best Use
Warehouse
$3.20M
$2.80M – $3.73M
NOI $224,068 @ 7.0% cap · market cap 8.63%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$4.94M
$4.32M – $5.76M
NOI $345,669 @ 7.0% cap · market cap 13.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
20 ft
Clear height
Yes
Heavy power
Yes
Sprinkler system
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94621, CA
35,816
Population
11,078
Households
3.2
Avg Household Size
32
Median Age
13%
College-Educated
67%
High-School Grad
8.5 sq mi
ZIP Area
4,214
Density / Sq Mi
$53,106
Median Household Income
$35,199
Median Earnings
$1,527
Median Rent
$537,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding warehouse with 20-foot clear height, fire sprinklers, and a large gated concrete yard.
Where is this warehouse located?
The property is located at 5901 Coliseum Way Oakland, CA.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: Freestanding warehouse with 20' clear height; Fire sprinklers; Power includes 200A 120/240V single‑phase and 225A 240V three‑phase
