Retail Storefront with CN-3
For Sale
$1,700,000
9346 MacArthur Blvd, Oakland, CA 94605
Storefront property on a highly traveled boulevard with flexible CN-3 neighborhood commercial zoning and a large lot.
Property Size3,724 SF
Days on Market66
Property Features for 9346 MacArthur Blvd
General Information
Standard status
Active
Size
3,724 SF
Property subtype
Comm Ind For Sale
Building Details
Building Size
3,724 SF
Year Built
1950
Listing Agency:
BCRE
Listed By:
Edder Barcenas-Cortez, · License #02152984
(510) 222-0900
Source:
Annnewtoncane
Added: Jul 1
Changed: Aug 25
Last Checked: Sep 4 at 12:35PM
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 BCRE
Investment Insights
Based on property information with market context.
This retail storefront property is positioned along the highly traveled MacArthur Boulevard corridor and offers flexible CN-3 Neighborhood Commercial zoning. The site includes a large lot measuring 16,691 square feet, providing room to accommodate a range of commercial build-out possibilities for an owner-user or investor.
Convenient access to I-580 and proximity to surrounding residential neighborhoods support its appeal for retail, office, or service-oriented businesses. The area also reflects moderate walk and transit scores, along with somewhat bikeable conditions (WalkScore 58, TransitScore 47, BikeScore 36).
Convenient access to I-580 and proximity to surrounding residential neighborhoods support its appeal for retail, office, or service-oriented businesses. The area also reflects moderate walk and transit scores, along with somewhat bikeable conditions (WalkScore 58, TransitScore 47, BikeScore 36).
Key Highlights
- Commercial property built in 1950 on the MacArthur Boulevard corridor
- CN‑3 neighborhood commercial zoning with flexible retail, office, or service use potential
- Large 16,691 SF lot
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
$52,084
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
3.06%
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%
$1,041,680
$1.0M
Cap Rate 7%
$744,057
$744.1K
Cap Rate 9%
$578,711
$578.7K
Market Conditions
NOI Build-Up for 3,724 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
$80.4K $21.60/SF
− Vacancy
−$6.0K −$1.62/SF
EGI
$74.4K $19.98/SF
− OpEx
−$22.3K −$5.99/SF
NOI
$52.1K $13.99/SF
Area
ZIP 94605
Vacancy
7.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$1,041,680
Cap Rate 7%
$744,057
Cap Rate 9%
$578,711
Alternative Uses
Best Use
Retail
$744.1K
$651.1K – $868.1K
NOI $52,084 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.08M
$942.3K – $1.26M
NOI $75,381 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 82%
Dining 18%
Chevron
Shops & Services
8,317 visits/mo
0.4 miles
Krispy Krunchy Chicken
Dining
1,847 visits/mo
0.4 miles
Demographics for 94605, CA
44,294
Population
17,686
Households
2.5
Avg Household Size
39
Median Age
43%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
5,033
Density / Sq Mi
$101,043
Median Household Income
$62,590
Median Earnings
$1,867
Median Rent
$840,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Apple Blossom Florist — 2473 99th Ave, Oakland, CA 94605
Frequently Asked Questions
What type of property is this?
Storefront property - Storefront property on a highly traveled boulevard with flexible CN-3 neighborhood commercial zoning and a large lot.
Where is this storefront property located?
The property is located at 9346 MacArthur Blvd Oakland, CA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Commercial property built in 1950 on the MacArthur Boulevard corridor; CN‑3 neighborhood commercial zoning with flexible retail, office, or service use potential; Large 16,691 SF lot
