Mixed-Use Redevelopment
1717–1727 64th St, Emeryville, CA 94608
For Sale
Contact for pricing
Three income-producing buildings sit on a mixed-use residential zoned site adjacent to I-80.
Property Size18,296 SF
Lot Size0.58 Acres
Price / SF$273.28
Days on Market1644
Property Features for 1717–1727 64th St
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Highway Access
Building Details
Year Built
Buildings
Stories
Listing Agency:
Colliers - Oakland, California
Listed By:
Sid Ewing · License #CA 01179264
(510) 433-5889
Source:
Crexi
Added: May 11, 2022
Changed: Oct 26
Last Checked: Nov 8 at 7:42AM
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 Colliers - Oakland, California
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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 property comprises three buildings on a single site with very short-term leases in place: a 2,000 SF warehouse at 1717 64th Street, a 5,250 SF office building at 1719 64th Street, and an 11,046 SF office building at 1727 64th Street. The site is described as offering redevelopment opportunity for a mixed-use multifamily project.
The property is adjacent to I-80 and described as having dramatic views. The site is zoned MUR (Mixed Use Residential). The land size is provided as 25,210 SF (0.58 acres), and there is no parking minimum requirement and no setback requirements for the site.
Development parameters are stated as FAR base 2.0 with bonus 4.0 and up to 100 maximum bonus points (with inclusionary requirements of 12.5%–17%). The information provided states the site can be developed into a 100’ tall mixed-use multifamily development with 78 units, and outlines a baseline of 70 units/acre with the potential to increase to 135 units/acre with bonus.
The property is adjacent to I-80 and described as having dramatic views. The site is zoned MUR (Mixed Use Residential). The land size is provided as 25,210 SF (0.58 acres), and there is no parking minimum requirement and no setback requirements for the site.
Development parameters are stated as FAR base 2.0 with bonus 4.0 and up to 100 maximum bonus points (with inclusionary requirements of 12.5%–17%). The information provided states the site can be developed into a 100’ tall mixed-use multifamily development with 78 units, and outlines a baseline of 70 units/acre with the potential to increase to 135 units/acre with bonus.
Key Highlights
- Three buildings totaling 25,210 SF on a 0.58‑acre site at 1717–1727 64th Street, Emeryville
- Buildings include a 2,000 SF warehouse (1717 64th St), 5,250 SF office building (1719 64th St), and 11,046 SF office building (1727 64th St)
- Site is zoned MUR – Mixed Use Residential with no parking minimum requirement reported
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$369,746
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,394,920
$7.4M
Cap Rate 7%
$5,282,086
$5.3M
Cap Rate 9%
$4,108,289
$4.1M
Market Conditions
NOI Build-Up for 18,296 SF
Gross rent
$660.9K $36.12/SF
− Vacancy
−$167.9K −$9.17/SF
EGI
$493.0K $26.95/SF
− OpEx
−$123.2K −$6.74/SF
NOI
$369.7K $20.21/SF
Area
Alameda County, CA
Vacancy
25.40%
Lease Rate
$36.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,394,920
Cap Rate 7%
$5,282,086
Cap Rate 9%
$4,108,289
Alternative Uses
Best Use
Office B
$5.28M
$4.62M – $6.16M
NOI $369,746 @ 7.0% cap · market cap 7.39%
Second Best
Industrial
$3.13M
$2.74M – $3.65M
NOI $219,003 @ 7.0% cap · market cap 4.38%
Theoretical Best
Multifamily LT 5
$8.77M
$7.68M – $10.24M
NOI $614,108 @ 7.0% cap · market cap 12.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,815
Businesses Nearby
Balanced
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
$826,900
Median Home Value
Market
Average Price Trend$/SF for Flex space in Alameda County, CA
Properties on Market for Flex space in Alameda County
Vacancy Rate% for Office in West region
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- Eats By E — 1607 63rd St, Emeryville, CA 94608
- Nine Catering Services — 1607 63rd St, Emeryville, CA 94608
Frequently Asked Questions
What type of property is this?
Flex space - Three income-producing buildings sit on a mixed-use residential zoned site adjacent to I-80.
Where is this flex space located?
The property is located at 1717–1727 64th St Emeryville, CA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Three buildings totaling 25,210 SF on a 0.58‑acre site at 1717–1727 64th Street, Emeryville; Buildings include a 2,000 SF warehouse (1717 64th St), 5,250 SF office building (1719 64th St), and 11,046 SF office building (1727 64th St); Site is zoned MUR – Mixed Use Residential with no parking minimum requirement reported
