Gated Yard Flex
For Sale
$1,300,000
909 53rd Avenue, Oakland, CA 94601
Two-building commercial property combines warehouse, production, office, and ancillary flex areas with secured outdoor storage.
Property Size3,046 SF
Price / SF$426.79
Days on Market17
Property Features for 909 53rd Avenue
General Information
Standard status
Active
Size
3,046 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$4,036
Amenities
Metal, Flat, Shingle
6 Parking Spaces.
Security Lighting.
Building Details
Year Built
1938
Listing Agency:
(408) 427-8963
Listed By:
Compass
Source:
Xome
Added: Aug 8
Changed: Aug 24
Last Checked: Aug 24 at 4:50AM
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 Compass
Investment Insights
Based on property information with market context.
Located at 909 53rd Ave in Oakland, this flex property includes two separate structures on an approximately 6,035 SF lot. The improvements combine warehouse and production areas with a two-story ancillary building containing office and additional flex space. Supporting features include a secure gated yard, covered loading and storage area, roll-up door access, cold-storage infrastructure, restrooms, and additional storage.
The property is zoned HBX-2 (Housing and Business Mix) and offers access to I-880, the Port of Oakland, Oakland International Airport, and East Bay markets. Built in 1938, the property is currently owner-occupied and is expected to be vacant at Close of Escrow. The business is excluded from the sale. Walk Score is 97, Transit Score is 74, and bikeScore is 84.
The property is zoned HBX-2 (Housing and Business Mix) and offers access to I-880, the Port of Oakland, Oakland International Airport, and East Bay markets. Built in 1938, the property is currently owner-occupied and is expected to be vacant at Close of Escrow. The business is excluded from the sale. Walk Score is 97, Transit Score is 74, and bikeScore is 84.
Key Highlights
- Approximately 6,035 SF lot with two separate structures
- Warehouse and production areas plus a two‑story office/flex building
- Secure gated yard with covered loading and storage area
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
$66,671
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
5.13%
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%
$1,333,420
$1.3M
Cap Rate 7%
$952,443
$952.4K
Cap Rate 9%
$740,789
$740.8K
Market Conditions
NOI Build-Up for 3,046 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
$117.0K $38.40/SF
− Vacancy
−$28.1K −$9.22/SF
EGI
$88.9K $29.18/SF
− OpEx
−$22.2K −$7.30/SF
NOI
$66.7K $21.89/SF
Area
ZIP 94601
Vacancy
24.00%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
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%
$1,333,420
Cap Rate 7%
$952,443
Cap Rate 9%
$740,789
Alternative Uses
Best Use
Office B
$952.4K
$833.4K – $1.11M
NOI $66,671 @ 7.0% cap · market cap 5.13%
Second Best
Warehouse
$646.4K
$565.6K – $754.2K
NOI $45,250 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,911 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,176
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94601, CA
54,166
Population
17,454
Households
3.1
Avg Household Size
35
Median Age
24%
College-Educated
70%
High-School Grad
3.2 sq mi
ZIP Area
16,927
Density / Sq Mi
$66,651
Median Household Income
$37,765
Median Earnings
$1,651
Median Rent
$703,100
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?
Flex space - Two-building commercial property combines warehouse, production, office, and ancillary flex areas with secured outdoor storage.
Where is this flex space located?
The property is located at 909 53rd Avenue Oakland, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Approximately 6,035 SF lot with two separate structures; Warehouse and production areas plus a two‑story office/flex building; Secure gated yard with covered loading and storage area
