81st #24 #24, Oakland, CA 94621

Building Details

Year Built 2006 More

Listing Agency: ANNE BRUFF & ASSOCIATES Show Phone

Listed By: ANNE BRUFF · License CA #00517413 Show Phone

Source: Corcoran

Added: Apr 22, 2025 Changed: Nov 12 Last Checked: Nov 12 at 7:56AM

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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 ANNE BRUFF & ASSOCIATES

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This is a small warehouse property featuring a roll-up door and one dedicated parking space. The property is secured with a gated entrance. Its location offers convenient access to Oakland Airport, BART, Downtown Oakland, and the 880 freeway. The unit, with a size of 1056 square feet, is currently owner-occupied and will be delivered vacant.

Key Highlights

• Convenient location: Close to Oakland Airport, BART, Downtown Oakland, and 880.
• Delivered vacant: Ready for immediate occupancy or use.
• Secured property: Gated entrance provides added security.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,688

Cap Rate

4.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$313,760 $313.8K

Cap Rate 7%

$224,114 $224.1K

Cap Rate 9%

$174,311 $174.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,056 SF

Gross rent

$20.1K $19.08/SF

− Vacancy

−$1.7K −$1.60/SF

EGI

$18.5K $17.48/SF

− OpEx

−$2.8K −$2.62/SF

NOI

$15.7K $14.86/SF

Area

Oakland, CA

Vacancy

8.40%

Lease Rate

$19.08 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$313,760

Cap Rate 7%

$224,114

Cap Rate 9%

$174,311

Alternative Uses

Best Use

Warehouse

$224.1K

$196.1K – $261.5K (±1% cap)

NOI $15,688 @ 7.0% cap · market cap 4.18%

Second Best

Industrial

$184.6K

$161.5K – $215.3K (±1% cap)

NOI $12,919 @ 7.0% cap · market cap 3.45%

Theoretical Best

Multifamily LT 5

$345.7K

$302.5K – $403.4K (±1% cap)

NOI $24,201 @ 7.0% cap · market cap 6.45%

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

Warehouses

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Spa & Massage Center Pharmacy Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

855

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 94621, CA

35,816

Population

11,078

Households

3.2

Avg Household Size

32

Median Age

13%

College-Educated

67%

High-School Grad

8.5 sq mi

ZIP Area

4,214

Density / Sq Mi

$53,106

Median Household Income

$35,199

Median Earnings

$1,527

Median Rent

$537,600

Median Home Value

Market

Average Price Trend$/SF for Warehouses in Oakland, CA

$255 Jul

$285 Aug

$263 Sep

$283 Oct

Properties on Market for Warehouses in Oakland

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Similar Off Market Nearby

• Cold Box Inc. - Cold Storage Bay Area — 850 92nd Ave, Oakland, CA 94603
• Herc Rentals — 7727 Oakport St, Oakland, CA 94621
• StoragePRO Self Storage of Oakland — 8855 San Leandro St, Oakland, CA 94621
• Public Storage — 680 Hegenberger Rd, Oakland, CA 94621
• Dean's Cold Storage — 850 81st ave, oakland, ca 94621

Frequently Asked Questions

What type of property is this?

Warehouse - Small warehouse with roll-up door, convenient Oakland location.

Where is this warehouse located?

The property is located at 81st #24 #24 Oakland, CA.

What is the asking price?

The asking price for this property is $375,000.

What are key features of this property?

This property features: Convenient location: Close to Oakland Airport, BART, Downtown Oakland, and 880.; Delivered vacant: Ready for immediate occupancy or use.; Secured property: Gated entrance provides added security.