Prime Commercial Space For
For Sale
$1,850,000
901 Clay St, Oakland, CA 94607
Street-level commercial space in a vibrant, accessible location.
Property Size5,197 SF
Price / SF$355.97
Days on Market135
Property Features for 901 Clay St
General Information
Standard status
Active
Size
5,197 SF
Property subtype
Commercial
Amenities
Carpet - Partial Flooring
Concrete Flooring
Hardwood Flooring
Street Parking
Building Details
Year Built
1999
Listing Agency:
KARIN LINFORTH, BROKER
(925) 550-2726
Listed By:
KARIN LINFORTH
Source:
Corcoran
Added: Mar 29
Changed: Aug 8
Last Checked: Jul 16 at 10:37AM
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 KARIN LINFORTH, BROKER
Investment Insights
Based on property information with market context.
This commercial space, constructed in 1999, offers a street-level location with convenient access. The property features an open, flexible layout complemented by high ceilings. It is equipped with 220 power, suitable for various business operations. Situated in a well-connected area, the location provides quick access to BART, major freeways, and nearby ferry services. Multiple public parking options are available, including parking lots and street parking. The surrounding area includes walkable amenities such as cafes, restaurants, and a public park. The property contains 5197 square feet.
Key Highlights
- Prime, high‑visibility location in a vibrant, well‑connected area.
- Convenient street‑level access for customers and deliveries.
- Close proximity to BART, freeways, and ferry services.
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
$100,766
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
5.45%
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%
$2,015,320
$2.0M
Cap Rate 7%
$1,439,514
$1.4M
Cap Rate 9%
$1,119,622
$1.1M
Market Conditions
NOI Build-Up for 5,197 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
$152.2K $29.28/SF
− Vacancy
−$8.2K −$1.58/SF
EGI
$144.0K $27.70/SF
− OpEx
−$43.2K −$8.31/SF
NOI
$100.8K $19.39/SF
Area
Oakland, CA
Vacancy
5.40%
Lease Rate
$29.28 /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%
$2,015,320
Cap Rate 7%
$1,439,514
Cap Rate 9%
$1,119,622
Alternative Uses
Best Use
Retail
$1.44M
$1.26M – $1.68M
NOI $100,766 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.70M
$1.49M – $1.99M
NOI $119,104 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,133
Businesses Nearby
60k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 51%
Leisure 27%
Shops & Services 20%
Dining 2%
World Market
Home Improvements & Furnishings
26,121 visits/mo
0.1 miles
Regal Jack London
Leisure
15,829 visits/mo
0.0 miles
Shell
Shops & Services
9,919 visits/mo
0.5 miles
Markus Supply Ace Hardware
Home Improvements & Furnishings
4,365 visits/mo
0.2 miles
Extra Space Storage
Shops & Services
2,151 visits/mo
0.4 miles
Demographics for 94607, CA
31,067
Population
14,362
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
86%
High-School Grad
5.9 sq mi
ZIP Area
5,266
Density / Sq Mi
$87,937
Median Household Income
$67,107
Median Earnings
$1,875
Median Rent
$744,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Street-level commercial space in a vibrant, accessible location.
Where is this retail space located?
The property is located at 901 Clay St Oakland, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Prime, high‑visibility location in a vibrant, well‑connected area.; Convenient street‑level access for customers and deliveries.; Close proximity to BART, freeways, and ferry services.
