Creative Reuse Property in
For Sale
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4632 Telegraph Ave, Oakland, CA 94609
Unique mixed-use building in Oakland's vibrant Temescal District.
Property Size13,563 SF
Price / SF$198.70
Days on Market814
Property Features for 4632 Telegraph Ave
General Information
Standard status
Active
Size
13,563 SF
Property subtype
Retail, Industrial
Zoning
CN-2
Listing Agency:
Gordon Commercial Real Estate
Listed By:
Kevin Gordon · License #CA 01884390
Source:
Crexi
Added: May 17, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:04AM
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 Gordon Commercial Real Estate
Investment Insights
Based on property information with market context.
This legendary Cape Cod style building offers superb street frontage in the heart of Oakland’s vibrant and thriving Temescal District. This creative reuse property was formerly a food processing/warehouse and retail building for Hooper’s Chocolates. The property features a double-door columned entrance with paned windows, skylights, ample storage, and upstairs office space. It also includes five bathrooms and floor drainage. The exterior is nicely landscaped and features pylon signage in front. A semi-circular driveway is located in the front, and a roll-up door is situated along the driveway on the side of the building. An outdoor patio is also included. The surrounding neighborhood is known for its innovative and diverse community, featuring small, independent, thoughtfully-curated shops, restaurants, and services. The property is adjacent to the popular Burdell restaurant. The building has a property size of 13,563 square feet.
Key Highlights
- Rare creative reuse property in the heart of Oakland’s vibrant Temescal District.
- Superb street frontage with pylon signage.
- Former food processing/warehouse and retail building.
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
$205,886
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
7.64%
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%
$4,117,720
$4.1M
Cap Rate 7%
$2,941,229
$2.9M
Cap Rate 9%
$2,287,622
$2.3M
Market Conditions
NOI Build-Up for 13,563 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
$374.3K $27.60/SF
− Vacancy
−$44.9K −$3.31/SF
EGI
$329.4K $24.29/SF
− OpEx
−$123.5K −$9.11/SF
NOI
$205.9K $15.18/SF
Area
Oakland, CA
Vacancy
12.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
37.50%
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%
$4,117,720
Cap Rate 7%
$2,941,229
Cap Rate 9%
$2,287,622
Alternative Uses
Best Use
Retail
$3.76M
$3.29M – $4.38M
NOI $262,976 @ 7.0% cap · market cap 9.76%
Second Best
Mixed Use
$2.94M
$2.57M – $3.43M
NOI $205,886 @ 7.0% cap · market cap 7.64%
Theoretical Best
Multifamily LT 5
$4.44M
$3.89M – $5.18M
NOI $310,834 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,942
Businesses Nearby
Explore this area
Business Placement
Demographics for 94609, CA
23,578
Population
11,915
Households
2
Avg Household Size
36
Median Age
62%
College-Educated
95%
High-School Grad
1.7 sq mi
ZIP Area
13,869
Density / Sq Mi
$106,698
Median Household Income
$69,221
Median Earnings
$2,116
Median Rent
$1,147,900
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?
Mixed-use property - Unique mixed-use building in Oakland's vibrant Temescal District.
Where is this mixed-use property located?
The property is located at 4632 Telegraph Ave Oakland, CA.
What is the asking price?
The asking price for this property is $2,695,000.
What are key features of this property?
This property features: Rare creative reuse property in the heart of Oakland’s vibrant Temescal District.; Superb street frontage with pylon signage.; Former food processing/warehouse and retail building.
