Industrial Warehouse with Heavy Wet
705 37th Street Oakland, CA 94609
705 37th Street, Oakland, CA, 94609
$795,000
For Sale
$795,000
Fully vacant warehouse with office space, two bathrooms, 400-amp 240V 3-phase power, 2.5-inch plumbing, and strong drainage.
Property Size4,644 SF
Price / SF$171.19
Days on Market76
Property Features for 705 37th Street
General Information
- Standard status
- Active
- Size
- 4,644 SF
- Property subtype
- Commercial
Listing agency
COMPASS
(510) 339-6460
Listed by
MARK R CHOW
Source
Corcoran
Added: May 8 Updated: Jul 21 at 9:10PM Checked: Jul 21 at 9:10PM
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
Investment Insights
Based on property information with market context.
705 37th Street is a 4,644 SF industrial warehouse delivered fully vacant, with office space and two bathrooms. The facility was built out and operated for wet processing as a commercial laundry, not dry cleaning, and it includes substantial utility infrastructure designed for water-based operations.
The building features 400-amp, 240V, 3-phase electrical service, 2.5-inch plumbing throughout, and excellent drainage already in place. Located in Oakland’s established 37th Street corridor, the property is intended to support efficient start-up for appropriate wet-use industrial activities where dependable power, plumbing, and drainage matter.
The building features 400-amp, 240V, 3-phase electrical service, 2.5-inch plumbing throughout, and excellent drainage already in place. Located in Oakland’s established 37th Street corridor, the property is intended to support efficient start-up for appropriate wet-use industrial activities where dependable power, plumbing, and drainage matter.
Key Highlights
- 4,644 SF industrial warehouse delivered fully vacant in Oakland’s 37th Street corridor
- Built out for wet‑use commercial laundry/wet processing with zero dry cleaning chemicals noted in remarks
- 400‑amp, 240V 3‑phase electrical service for heavy mechanical operations
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $88.6k | $19.08 |
| − Vacancy | −$7.4k | −$1.60 |
| EGI | $81.2k | $17.48 |
| − OpEx | −$12.2k | −$2.62 |
| NOI | $69.0k | $14.86 |
4,644 SF · lease $19.08/SF/yr · vacancy 8.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$985.6K
$862.4K – $1.15M
NOI $68,990 @ 7.0% cap · market cap 8.68%
Second Best
Industrial
$811.6K
$710.2K – $946.9K
NOI $56,815 @ 7.0% cap · market cap 7.15%
Theoretical Best
Multifamily LT 5
$1.52M
$1.33M – $1.77M
NOI $106,430 @ 7.0% cap · market cap 13.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Manufacturing properties
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- Totes to You
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- RAY PRODUCTIONS WAREHOUSE — 3131 Adeline St, Oakland, CA 94608
- City Storage & City Cellars — 4004 Adeline St, Emeryville, CA 94608
FAQs
What type of property is this?
Warehouse - Fully vacant warehouse with office space, two bathrooms, 400-amp 240V 3-phase power, 2.5-inch plumbing, and strong drainage.
Where is this warehouse located?
The property is located at 705 37th Street Oakland, CA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 4,644 SF industrial warehouse delivered fully vacant in Oakland’s 37th Street corridor; Built out for wet‑use commercial laundry/wet processing with zero dry cleaning chemicals noted in remarks; 400‑amp, 240V 3‑phase electrical service for heavy mechanical operations
