Commercial Land with Existing
New
For Sale
$868,000
930 Pine, Oakland, CA 94607
Infill parcel with a freestanding structure and HBX-2 zoning with an S-13 affordable housing combining zone.
Property Size1,800 SF
Days on Market6
Property Features for 930 Pine
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Comm Ind For Sale
Building Details
Building Size
1,800 SF
Listing Agency:
V.H. Shakir Realty
Listed By:
Victor Shakir
(510) 798-4322
Source:
Coastandcore
Added: Sep 19
Changed: Sep 21
Last Checked: Sep 24 at 5:02PM
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 V.H. Shakir Realty
Investment Insights
Based on property information with market context.
This infill commercial land parcel includes a 4,791 SF site and an existing freestanding building of approximately 1,800 SF. The structure has an open industrial-style layout, approximately 14-foot ceilings, and a roll-up door, offering present utility for storage, warehouse, or other permitted uses. The property is offered AS-IS and requires work.
Zoning is HBX-2 with an S-13 Affordable Housing Combining Zone. Residential, mixed-use, and affordable housing development may be possible subject to City of Oakland requirements, approvals, and independent verification of permitted uses and development standards. The West Oakland setting provides access to Downtown Oakland, major transportation corridors, and the Port of Oakland.
Zoning is HBX-2 with an S-13 Affordable Housing Combining Zone. Residential, mixed-use, and affordable housing development may be possible subject to City of Oakland requirements, approvals, and independent verification of permitted uses and development standards. The West Oakland setting provides access to Downtown Oakland, major transportation corridors, and the Port of Oakland.
Key Highlights
- 4,791 SF infill parcel with an existing approximately 1,800 SF freestanding building
- HBX‑2 zoning with S‑13 Affordable Housing Combining Zone
- Approximately 14‑foot ceilings and a roll‑up door
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
$26,740
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
3.08%
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%
$534,800
$534.8K
Cap Rate 7%
$382,000
$382.0K
Cap Rate 9%
$297,111
$297.1K
Market Conditions
NOI Build-Up for 1,800 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
$34.3K $19.08/SF
− Vacancy
−$2.9K −$1.60/SF
EGI
$31.5K $17.48/SF
− OpEx
−$4.7K −$2.62/SF
NOI
$26.7K $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%
$534,800
Cap Rate 7%
$382,000
Cap Rate 9%
$297,111
Alternative Uses
Best Use
Warehouse
$382.0K
$334.3K – $445.7K
NOI $26,740 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$589.3K
$515.7K – $687.5K
NOI $41,252 @ 7.0% cap · market cap 4.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
799
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Infill parcel with a freestanding structure and HBX-2 zoning with an S-13 affordable housing combining zone.
Where is this commercial land located?
The property is located at 930 Pine Oakland, CA.
What is the asking price?
The asking price for this property is $868,000.
What are key features of this property?
This property features: 4,791 SF infill parcel with an existing approximately 1,800 SF freestanding building; HBX‑2 zoning with S‑13 Affordable Housing Combining Zone; Approximately 14‑foot ceilings and a roll‑up door
