Fenced Warehouse with Extra
For Sale
Contact for pricing
925 87th Avenue, Oakland, CA 94621
HBX-2 zoning accommodates residential, commercial, and light industrial uses, subject to buyer verification.
Property Size1,740 SF
Lot Size0.17 Acres
Price / SF$229.31
Days on Market140
Property Features for 925 87th Avenue
General Information
Standard status
Active
Size
1,740 SF
Lot size
0.17 Acres
Property subtype
Industrial
Zoning
HBX-2
Investment Type
Owner/User
Net Operating Income
$20,880
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Warehouse Space
1,740 SF
Building Details
Year Built
1953
Buildings
2
Listing Agency:
SVN | Pacific Commercial Advisors
(415) 922-2900
Listed By:
Justin Wong · License #CA #01974254
Source:
Crexi
Added: Apr 14
Changed: Aug 29
Last Checked: Aug 31 at 7:48AM
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 SVN | Pacific Commercial Advisors
Investment Insights
Based on property information with market context.
This standalone warehouse property includes approximately 1,740 SF of primary industrial space on a 7,500 SF parcel. Improvements also include a separate approximately 600 SF industrial building and a storage container. The lot is fully fenced, providing outdoor area associated with the property. Built in 1962, the asset offers an existing small-bay industrial configuration within Oakland’s HBX-2 Housing & Business Mix zoning district. Residential, commercial, and light industrial uses are identified as possible under the zoning, subject to buyer verification.
Located at 925 87th Avenue in East Oakland, the property sits within an established industrial corridor surrounded by industrial, warehouse, and residential uses. Interstate 880, Oakland International Airport, the Port of Oakland, and the Coliseum area are identified as nearby regional transportation and logistics destinations. The property’s location provides access to Downtown Oakland, San Leandro, and Silicon Valley.
Located at 925 87th Avenue in East Oakland, the property sits within an established industrial corridor surrounded by industrial, warehouse, and residential uses. Interstate 880, Oakland International Airport, the Port of Oakland, and the Coliseum area are identified as nearby regional transportation and logistics destinations. The property’s location provides access to Downtown Oakland, San Leandro, and Silicon Valley.
Key Highlights
- Approximately 1,740 SF warehouse on a 7,500 SF parcel
- Additional approximately 600 SF industrial building and storage container
- Fully fenced lot with outdoor 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
$26,413
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
6.62%
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%
$528,260
$528.3K
Cap Rate 7%
$377,329
$377.3K
Cap Rate 9%
$293,478
$293.5K
Market Conditions
NOI Build-Up for 1,740 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
$48.0K $27.60/SF
− Vacancy
−$5.8K −$3.31/SF
EGI
$42.3K $24.29/SF
− OpEx
−$15.8K −$9.11/SF
NOI
$26.4K $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%
$528,260
Cap Rate 7%
$377,329
Cap Rate 9%
$293,478
Alternative Uses
Best Use
Mixed Use
$377.3K
$330.2K – $440.2K
NOI $26,413 @ 7.0% cap · market cap 6.62%
Second Best
Warehouse
$369.3K
$323.1K – $430.8K
NOI $25,849 @ 7.0% cap · market cap 6.48%
Theoretical Best
Multifamily LT 5
$569.7K
$498.5K – $664.6K
NOI $39,877 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
904
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
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Similar Off Market Nearby
- Schaefer's Cold Storage — 9820 D St, Oakland, CA 94603
- daddy's — 1304 103rd Ave, Oakland, CA 94603
- Cold Box Inc. - Cold Storage Bay Area — 850 92nd Ave, Oakland, CA 94603
- StoragePRO Self Storage of Oakland — 8855 San Leandro St, Oakland, CA 94621
- Public Storage — 680 Hegenberger Rd, Oakland, CA 94621
Frequently Asked Questions
What type of property is this?
Warehouse - HBX-2 zoning accommodates residential, commercial, and light industrial uses, subject to buyer verification.
Where is this warehouse located?
The property is located at 925 87th Avenue Oakland, CA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Approximately 1,740 SF warehouse on a 7,500 SF parcel; Additional approximately 600 SF industrial building and storage container; Fully fenced lot with outdoor area
