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    990 Grand Ave Oakland, CA 94607

    Sponsored
    For Sale
    $320,000

    Vacant Retail Condo, High Cap Rate

    Property size:
    1,321 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,321 square foot retail condo, located at 990 W Grand Ave in Oakland, California, presents a compelling investment opportunity. Built in 2021, this Class B shopping center unit is currently vacant, offering immediate potential for lease income or owner-occupancy. The property boasts a desirable corner location, providing excellent visibility and accessibility. The asking price is $320,000, translating to a price per square foot of $271.76. With a projected cap rate of 6.50%, this property offers strong potential for return on investment. The property is a commercial condo with a NNN lease type. The Alameda County Assessor's Parcel Number (APN) is 5-430-158. The building's modern construction and prime location in the vibrant Oakland market make it an attractive prospect for a variety of retail businesses. This is a rare opportunity to acquire a newly constructed, vacant retail space in a high-demand area. The property's 0-year remaining lease term provides complete flexibility for the new owner. Serious inquiries are encouraged to explore this promising investment. The zip code is 94607.

    Property Features for 990 Grand Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    1,321 SF
    Class
    B

    Building Details

    Year Built
    2021

    HighLights

    • 1,321 SF vacant retail condo in Oakland, CA (94607), built in 2021.
    • Located at 990 W Grand Ave, on a desirable corner lot.
    • Asking price: $320,000 ($271.76/SF), projected 6.50% cap rate.
    • Class B commercial condo, NNN lease, APN 5‑430‑158.
    • Offers immediate lease income potential or owner‑occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.2804928
    Latitude
    37.8151927

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    FAQs

    What type of property is this?
    Lifestyle center - Vacant Retail Condo, High Cap Rate
    Where is this lifestyle center located?
    The property is located at 990 Grand Ave Oakland, CA.
    What is the asking price?
    The asking price for this property is $320,000.
    What are key features of this property?
    This property features: 1,321 SF vacant retail condo in Oakland, CA (94607), built in 2021.; Located at 990 W Grand Ave, on a desirable corner lot.; Asking price: $320,000 ($271.76/SF), projected 6.50% cap rate.
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    Oakland, CA 94607
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    990 Grand Ave Oakland, CA 94607
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