Remodeled Mixed-Use
For Sale
$1,650,000
8801 International Blvd, Oakland, CA 94621
Three-level mixed-use property remodeled in 2024–2025, delivering vacant at closing with office and residential income flexibility.
Property Size6,444 SF
Price / SF$256.05
Days on Market72
Property Features for 8801 International Blvd
General Information
Standard status
Active
Size
6,444 SF
Property subtype
General Commercial
Amenities
3
2 Parking Spaces.
Building Details
Year Built
1920
Year Renovated
2025
Stories
3
Listing Agency:
The Pinza Group, Inc
(510) 725-4775
Listed By:
David Howarth · License #01360348
(510) 822-1331
Source:
Xome
Added: Jun 27
Changed: Sep 4
Last Checked: Sep 6 at 5:20AM
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 The Pinza Group, Inc
Investment Insights
Based on property information with market context.
This fully remodeled mixed-use building was originally built in 1920 and has been extensively updated during 2024 and 2025. The property is configured across three levels and will be delivered vacant at closing. The lower level features a large open space along with a separate 2-bedroom, 1-bath apartment unit. The middle and upper levels offer large open areas plus numerous office or residential unit options.
Improvements include new kitchens and bathrooms, upgraded electrical and plumbing, new wood flooring, and newer interior and exterior paint. The seller describes the exterior and interior as in great condition with no deferred maintenance, supporting a turn-key handoff for the next owner.
For planning purposes, the offering represents approximately 6,444 square feet of rental space and includes seller financing availability for well-qualified buyers. WalkScore 82 indicates a very walkable setting, with BikeScore 56 and transitScore 53 reported as good for bike and transit access.
Improvements include new kitchens and bathrooms, upgraded electrical and plumbing, new wood flooring, and newer interior and exterior paint. The seller describes the exterior and interior as in great condition with no deferred maintenance, supporting a turn-key handoff for the next owner.
For planning purposes, the offering represents approximately 6,444 square feet of rental space and includes seller financing availability for well-qualified buyers. WalkScore 82 indicates a very walkable setting, with BikeScore 56 and transitScore 53 reported as good for bike and transit access.
Key Highlights
- Three‑level mixed‑use property originally built in 1920, offering approximately 6,444 SF of rental space
- Extensively remodeled in 2024 and 2025 and delivered vacant at closing for owner‑user or investor use
- Lower level features a large open space plus a separate 2 bed/1 bath apartment unit
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
$136,065
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
8.25%
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%
$2,721,300
$2.7M
Cap Rate 7%
$1,943,786
$1.9M
Cap Rate 9%
$1,511,833
$1.5M
Market Conditions
NOI Build-Up for 6,444 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
$259.0K $40.20/SF
− Vacancy
−$11.7K −$1.81/SF
EGI
$247.4K $38.39/SF
− OpEx
−$111.3K −$17.28/SF
NOI
$136.1K $21.12/SF
Area
Oakland, CA
Vacancy
4.50%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
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%
$2,721,300
Cap Rate 7%
$1,943,786
Cap Rate 9%
$1,511,833
Alternative Uses
Best Use
Apartment 5plus
$1.94M
$1.70M – $2.27M
NOI $136,065 @ 7.0% cap · market cap 8.25%
Second Best
Office B
$1.23M
$1.08M – $1.44M
NOI $86,391 @ 7.0% cap · market cap 5.24%
Theoretical Best
Multifamily LT 5
$2.11M
$1.85M – $2.46M
NOI $147,682 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
830
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Three-level mixed-use property remodeled in 2024–2025, delivering vacant at closing with office and residential income flexibility.
Where is this office building located?
The property is located at 8801 International Blvd Oakland, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Three‑level mixed‑use property originally built in 1920, offering approximately 6,444 SF of rental space; Extensively remodeled in 2024 and 2025 and delivered vacant at closing for owner‑user or investor use; Lower level features a large open space plus a separate 2 bed/1 bath apartment unit
