Commercial Condo, Live Work
For Sale
$175,000
730 29Th St, Oakland, CA 94609
Centrally located commercial condo with live/work potential.
Property Size565 SF
Price / SF$309.73
Days on Market211
Property Features for 730 29Th St
General Information
Standard status
Active
Size
565 SF
Property subtype
Commercial
Amenities
Assigned Spaces
Composition Roof
Building Details
Year Built
1931
Listing Agency:
CRH GROUP INC.
(510) 978-1200
Listed By:
LOVEL MAGIDISH
(510) 894-5503
Source:
Corcoran
Added: Mar 11
Changed: Aug 8
Last Checked: Jul 16 at 6:45AM
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 565 square foot commercial condominium is centrally located and offers a secure environment suitable for running a business. The property presents the opportunity for conversion into a live-work loft, similar to other units within the building. The surrounding community includes yoga studios, therapists' offices, an architecture firm, an electrician, and non-profit organizations, fostering a quiet and productive atmosphere with convenient freeway access. The unit includes a parking space located near the back entrance within a secured parking area, facilitating easy loading and unloading.
Key Highlights
- Centrally located commercial condo with live/work potential.
- Secure building with secured parking space near entrance for easy loading.
- Opportunity to convert to a live/work loft, as many other units have done.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,577
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$171,540
$171.5K
Cap Rate 7%
$122,529
$122.5K
Cap Rate 9%
$95,300
$95.3K
Market Conditions
NOI Build-Up for 565 SF
Gross rent
$15.6K $27.60/SF
− Vacancy
−$1.9K −$3.31/SF
EGI
$13.7K $24.29/SF
− OpEx
−$5.1K −$9.11/SF
NOI
$8.6K $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 Rate 5%
$171,540
Cap Rate 7%
$122,529
Cap Rate 9%
$95,300
Alternative Uses
Best Use
Mixed Use
$122.5K
$107.2K – $143.0K
NOI $8,577 @ 7.0% cap · market cap 4.90%
Second Best
Office B
$108.2K
$94.7K – $126.3K
NOI $7,575 @ 7.0% cap · market cap 4.33%
Theoretical Best
Multifamily LT 5
$185.0K
$161.9K – $215.8K
NOI $12,949 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Live-work space - Centrally located commercial condo with live/work potential.
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 $175,000.
What are key features of this property?
This property features: Centrally located commercial condo with live/work potential.; Secure building with secured parking space near entrance for easy loading.; Opportunity to convert to a live/work loft, as many other units have done.
