Commercial Condo Live Work
For Sale
$225,000
730 29Th St, Oakland, CA 94609
Centrally located commercial condo suitable for business or live-work loft.
Property Size555 SF
Price / SF$405.41
Days on Market166
Property Features for 730 29Th St
General Information
Standard status
Active
Size
555 SF
Property subtype
Commercial
Amenities
Concrete Flooring
Gravity Heating
Off-Site Parking
Parking Area
Recreation Room
Building Details
Year Built
1931
Listing Agency:
CRH GROUP INC.
(510) 978-1200
Listed By:
LOVEL MAGIDISH
Source:
Corcoran
Added: Feb 23
Changed: Aug 8
Last Checked: Aug 8 at 1:58PM
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 CRH GROUP INC.
Investment Insights
Based on property information with market context.
This 555 square foot commercial condominium is centrally located and offers a secure environment suitable for running a business. The property presents the opportunity to convert the condo into a living space, as many other units in the building are used as live-work lofts. The building is home to a variety of businesses, including yoga studios, therapists' offices, architecture firms, electricians, and non-profit organizations. The community provides a quiet and calm setting with convenient freeway access. The unit's parking space is located near the back entrance in the secured parking area, facilitating easy loading and unloading.
Key Highlights
- Centrally located commercial condo with live/work potential.
- Secure building and parking area with easy loading/unloading access.
- Opportunity to convert into a living space (live/work loft).
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
$8,425
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
3.74%
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%
$168,500
$168.5K
Cap Rate 7%
$120,357
$120.4K
Cap Rate 9%
$93,611
$93.6K
Market Conditions
NOI Build-Up for 555 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
$15.3K $27.60/SF
− Vacancy
−$1.8K −$3.31/SF
EGI
$13.5K $24.29/SF
− OpEx
−$5.1K −$9.11/SF
NOI
$8.4K $15.18/SF
Area
Oakland, CA
Vacancy
12.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
37.50%
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%
$168,500
Cap Rate 7%
$120,357
Cap Rate 9%
$93,611
Alternative Uses
Best Use
Mixed Use
$120.4K
$105.3K – $140.4K
NOI $8,425 @ 7.0% cap · market cap 3.74%
Second Best
Office B
$106.3K
$93.0K – $124.0K
NOI $7,441 @ 7.0% cap · market cap 3.31%
Theoretical Best
Multifamily LT 5
$181.7K
$159.0K – $212.0K
NOI $12,719 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,269
Businesses Nearby
Explore this area
Business Placement
Demographics for 94609, CA
23,578
Population
11,915
Households
2
Avg Household Size
36
Median Age
62%
College-Educated
95%
High-School Grad
1.7 sq mi
ZIP Area
13,869
Density / Sq Mi
$106,698
Median Household Income
$69,221
Median Earnings
$2,116
Median Rent
$1,147,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Centrally located commercial condo suitable for business or live-work loft.
Where is this live-work space located?
The property is located at 730 29Th St Oakland, CA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Centrally located commercial condo with live/work potential.; Secure building and parking area with easy loading/unloading access.; Opportunity to convert into a living space (live/work loft).
