Office Building with Elevator
638 Webster St, Oakland, CA 94607
For Sale
$2,950,000
Office suites feature high ceilings, natural light, HVAC, and shared common-area amenities.
Property Size13,972 SF
Price / SF$211.14
Days on Market47
Property Features for 638 Webster St
General Information
Standard status
Size
Elevators
Property subtype
Site & Location
Neighborhood
Public Transit
Amenities
large windows
high ceilings
natural light
HVAC
shared common-area amenities
Approximately 20,000 SF Gross Multi-Tenant Office Building situated in the heart of Oakland's Chinatown and Downtown district.
Prime Transit-Oriented Location with convenient access to BART, Amtrak, AC Transit, SF Ferry, Interstate 880, and Interstate 980.
Value-Add Leasing Upside through the lease-up of currently available office and medical suites.
Flexible Suite Configurations featuring large windows, natural light, high ceilings, HVAC, elevator service, and shared common-area amenities.
The property has demonstrated rooftop leasing demand from telecommunications and technology users seeking equipment installations, creating potential supplemental income opportunities.
Investors have the opportunity to acquire a centrally located urban office asset at a fraction of current replacement costs in the Bay Area office market.
The property is situated in a dense commercial corridor surrounded by restaurants, retail services, professional offices, and cultural destinations.
Building Details
Building Size
Year Built
Listing Agency:
Las Vegas Office
Listed By:
David Ching · License #License(s): CA: 01136661, NV: BS.0146396
(510) 379-1233
Source:
Marcusmillichap
Added: Sep 24
Changed: Nov 4
Last Checked: Nov 8 at 2:13AM
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 Las Vegas Office
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 13,972-square-foot office building was constructed in 1986. Its suites have large windows, high ceilings, natural light, elevator access, and HVAC, with shared common-area amenities serving the building.
At 638 Webster St in Oakland, the property is within walking distance of BART, Amtrak, AC Transit, and the Oakland Ferry Terminal.
At 638 Webster St in Oakland, the property is within walking distance of BART, Amtrak, AC Transit, and the Oakland Ferry Terminal.
Key Highlights
- 13,972‑square‑foot office building constructed in 1986
- Suites feature large windows, high ceilings, natural light, HVAC, and elevator access
- Shared common‑area amenities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$187,314
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,746,280
$3.7M
Cap Rate 7%
$2,675,914
$2.7M
Cap Rate 9%
$2,081,267
$2.1M
Market Conditions
NOI Build-Up for 13,972 SF
Gross rent
$328.6K $23.52/SF
− Vacancy
−$78.9K −$5.64/SF
EGI
$249.8K $17.88/SF
− OpEx
−$62.4K −$4.47/SF
NOI
$187.3K $13.41/SF
Area
Oakland, CA
Vacancy
24.00%
Lease Rate
$23.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,746,280
Cap Rate 7%
$2,675,914
Cap Rate 9%
$2,081,267
Alternative Uses
Best Use
Office B
$2.68M
$2.34M – $3.12M
NOI $187,314 @ 7.0% cap · market cap 6.35%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$4.57M
$4.00M – $5.34M
NOI $320,207 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,751
Businesses Nearby
Explore this area
Business Placement
Demographics for 94607, CA
31,067
Population
14,362
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
86%
High-School Grad
5.9 sq mi
ZIP Area
5,266
Density / Sq Mi
$87,937
Median Household Income
$67,107
Median Earnings
$1,875
Median Rent
$744,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Oakland, CA
Properties on Market for Office buildings in Oakland
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Office suites feature high ceilings, natural light, HVAC, and shared common-area amenities.
Where is this office building located?
The property is located at 638 Webster St Oakland, CA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 13,972‑square‑foot office building constructed in 1986; Suites feature large windows, high ceilings, natural light, HVAC, and elevator access; Shared common‑area amenities
