Flex Space with Warehouse
For Sale
Contact for pricing
655 Kennedy St, Oakland, CA 94606
Independent suite entrances allow the property to accommodate separate occupants or a single business.
Property Size38,000 SF
Price / SF$0.13
Days on Market41
Property Features for 655 Kennedy St
General Information
Standard status
Active
Size
38,000 SF
Property subtype
Comm Ind For Lease
Site & Location
Neighborhood
South Kennedy Tract
Highway Access
Yes
Amenities
Roll-up loading door
ADA-compliant restrooms
Secure build-out
Building Details
Year Built
1952
Buildings
1
Listing Agency:
Salimi Investments
Listed By:
Bilal Salimi · License #01480904
(925) 469-0500
Source:
Jpnrealty
Added: Sep 22
Changed: Oct 28
Last Checked: Oct 31 at 11:43PM
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 Salimi Investments
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Investment Insights
Based on property information with market context.
This Oakland flex property combines warehouse areas with office space and expansion capacity. Warehouse features include concrete floors, high ceilings, roll-up loading doors and partial racking. The office area has private rooms, open workspace, ADA-compliant restrooms, secure server rooms and a reinforced safe room. Suites have independent access, and on-site parking is available.
Located in Oakland’s Jingletown corridor, the property offers access to I-880 and connections to I-580 and I-980. Fruitvale BART, the Port of Oakland, the Bay Bridge and Oakland International Airport are also identified as nearby transportation links. The building dates to 1952 and has a four-year base lease term with an option for up to five additional years.
Located in Oakland’s Jingletown corridor, the property offers access to I-880 and connections to I-580 and I-980. Fruitvale BART, the Port of Oakland, the Bay Bridge and Oakland International Airport are also identified as nearby transportation links. The building dates to 1952 and has a four-year base lease term with an option for up to five additional years.
Key Highlights
- Independent suite entrances support separate occupancy or use of the full property
- Warehouse areas include roll‑up loading doors, concrete floors, high ceilings and partial racking
- Office space includes private rooms, open workspace, ADA‑compliant restrooms, secure server rooms and a reinforced safe room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$350,865
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,017,300
$7.0M
Cap Rate 7%
$5,012,357
$5.0M
Cap Rate 9%
$3,898,500
$3.9M
Market Conditions
NOI Build-Up for 38,000 SF
Gross rent
$547.2K $14.40/SF
− Vacancy
−$46.0K −$1.21/SF
EGI
$501.2K $13.19/SF
− OpEx
−$150.4K −$3.96/SF
NOI
$350.9K $9.23/SF
Area
ZIP 94606
Vacancy
8.40%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,017,300
Cap Rate 7%
$5,012,357
Cap Rate 9%
$3,898,500
Alternative Uses
Best Use
Warehouse
$5.48M
$4.80M – $6.40M
NOI $383,724 @ 7.0% cap · market cap 7,674.48%
Second Best
Flex RnD
$5.22M
$4.56M – $6.09M
NOI $365,165 @ 7.0% cap · market cap 7,303.30%
Theoretical Best
Office A
$17.31M
$15.15M – $20.20M
NOI $1,211,720 @ 7.0% cap · market cap 24,234.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,773
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94606, CA
40,768
Population
17,457
Households
2.3
Avg Household Size
37
Median Age
40%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
17,725
Density / Sq Mi
$70,769
Median Household Income
$47,558
Median Earnings
$1,775
Median Rent
$747,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Independent suite entrances allow the property to accommodate separate occupants or a single business.
Where is this flex space located?
The property is located at 655 Kennedy St Oakland, CA.
What are key features of this property?
This property features: Independent suite entrances support separate occupancy or use of the full property; Warehouse areas include roll‑up loading doors, concrete floors, high ceilings and partial racking; Office space includes private rooms, open workspace, ADA‑compliant restrooms, secure server rooms and a reinforced safe room
