East Oakland Industrial
For Sale
$1,399,000
8401 Baldwin St, Oakland, CA 94621
4,811 sq. ft. commercial building in prime industrial location.
Property Size5,550 SF
Price / SF$252.07
Days on Market455
Property Features for 8401 Baldwin St
General Information
Standard status
Active
Size
5,550 SF
Building Details
Year Built
1947
Listing Agency:
RELIANCE REALTY CONCORD
Listed By:
MONICA FOSBERY
Source:
Corcoran
Added: Jun 19, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 RELIANCE REALTY CONCORD
Investment Insights
Based on property information with market context.
This 4,811 sq. ft. free-standing commercial building is situated on a 5,550 sq. ft. lot in East Oakland. Currently used as a wholesale window and manufacturing shop, the space features an open, highly functional layout with high ceilings and roll-up door access. It has ample electrical capacity to support multiple heavy-duty machines and equipment. Positioned in a light industrial corridor near I-880, the Port of Oakland, and Oakland International Airport, this location offers logistical advantages for shipping, warehousing, fabrication, or other trade uses. The property may fall within Oakland's designated Green Zone, potentially qualifying it for cannabis-related operations such as retail, manufacturing, or distribution.
Key Highlights
- Located in East Oakland's Green Zone (buyer to verify), potentially suitable for cannabis‑related operations.
- 4,811 sq. ft. free‑standing commercial building ideal for owner‑users, manufacturers, or cannabis entrepreneurs.**
- Prime location near I‑880, the Port of Oakland, and Oakland International Airport, offering excellent logistical advantages.
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
$67,899
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
4.85%
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%
$1,357,980
$1.4M
Cap Rate 7%
$969,986
$970.0K
Cap Rate 9%
$754,433
$754.4K
Market Conditions
NOI Build-Up for 5,550 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
$105.9K $19.08/SF
− Vacancy
−$8.9K −$1.60/SF
EGI
$97.0K $17.48/SF
− OpEx
−$29.1K −$5.24/SF
NOI
$67.9K $12.23/SF
Area
Oakland, CA
Vacancy
8.40%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
30.00%
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%
$1,357,980
Cap Rate 7%
$969,986
Cap Rate 9%
$754,433
Alternative Uses
Best Use
Industrial
$970.0K
$848.7K – $1.13M
NOI $67,899 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.82M
$1.59M – $2.12M
NOI $127,194 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,170
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial 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?
Industrial property - 4,811 sq. ft. commercial building in prime industrial location.
Where is this industrial property located?
The property is located at 8401 Baldwin St Oakland, CA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Located in East Oakland's Green Zone (buyer to verify), potentially suitable for cannabis‑related operations.; 4,811 sq. ft. free‑standing commercial building ideal for owner‑users, manufacturers, or cannabis entrepreneurs.**; Prime location near I‑880, the Port of Oakland, and Oakland International Airport, offering excellent logistical advantages.
