Industrial Warehouse Condo For
For Sale
$600,000
910 81st Ave #20 #20, Oakland, CA 94621
Industrial warehouse condo featuring high ceilings, ample parking, and roll-up door.
Property Size2,403 SF
Price / SF$249.69
Days on Market187
Property Features for 910 81st Ave #20 #20
General Information
Standard status
Active
Size
2,403 SF
Property subtype
Commercial
Amenities
Fenced Yard
Concrete Flooring
Room for Oversized Vehicle
Building Details
Year Built
1971
Listing Agency:
MARTINI COMPANY REAL ESTATE
(925) 286-2737
Listed By:
BLAKE MARTINI · License #01908725
Source:
Corcoran
Added: Feb 7
Changed: Aug 8
Last Checked: Apr 5 at 9:11PM
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 MARTINI COMPANY REAL ESTATE
Investment Insights
Based on property information with market context.
This industrial warehouse condo offers a clear height of over 15 feet and is equipped with 200 amp 3-phase electrical service. The property includes ample secure outdoor parking and a roll-up warehouse door, providing flexible use of the space for an owner. It is located in a Green Zone and is suitable for either an owner-user or an investor. The property has a size of 2403 square feet.
Key Highlights
- 15+' Clear Height: Provides ample vertical space.
- 200 Amp 3‑Phase Electrical: Supports high‑power equipment.
- Ample Secure Outdoor Parking: Offers convenient and safe parking.
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
$35,698
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
5.95%
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%
$713,960
$714.0K
Cap Rate 7%
$509,971
$510.0K
Cap Rate 9%
$396,644
$396.6K
Market Conditions
NOI Build-Up for 2,403 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
$45.8K $19.08/SF
− Vacancy
−$3.9K −$1.60/SF
EGI
$42.0K $17.48/SF
− OpEx
−$6.3K −$2.62/SF
NOI
$35.7K $14.86/SF
Area
Oakland, CA
Vacancy
8.40%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
15.00%
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%
$713,960
Cap Rate 7%
$509,971
Cap Rate 9%
$396,644
Alternative Uses
Best Use
Warehouse
$510.0K
$446.2K – $595.0K
NOI $35,698 @ 7.0% cap · market cap 5.95%
Second Best
Industrial
$420.0K
$367.5K – $490.0K
NOI $29,399 @ 7.0% cap · market cap 4.90%
Theoretical Best
Multifamily LT 5
$786.7K
$688.4K – $917.9K
NOI $55,071 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
882
Businesses Nearby
Balanced
Demand for This Use
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse condo featuring high ceilings, ample parking, and roll-up door.
Where is this warehouse located?
The property is located at 910 81st Ave #20 #20 Oakland, CA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 15+' Clear Height: Provides ample vertical space.; 200 Amp 3‑Phase Electrical: Supports high‑power equipment.; Ample Secure Outdoor Parking: Offers convenient and safe parking.
