Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    355 Grand Ave Oakland, CA 94610

    Sponsored
    For Lease
    $22 SF/Yr

    Prime Oakland office, multiple suites available.

    Lot size:
    11,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    401
    This 11,000 square foot office building at 355 Grand Avenue, Oakland, CA 94610, offers versatile spaces ideal for various business types. Currently, 5,080 square feet are available, divisible into units as small as 950 square feet, with a maximum contiguous space of 5,080 square feet. The building features three total suites, providing options for businesses of different sizes. Located in the Adams Point submarket of Lake Merritt, this property boasts convenient access to multiple public transportation lines, a dedicated bike path, and ample street parking. The building's historical charm is complemented by modern amenities including high ceilings, abundant natural light, and open floor plans. Each suite offers a walk-up entry and access to common area restrooms. The location provides easy access to a variety of nearby amenities, including Lakeside Park, numerous restaurants (such as Enssaro Ethiopian, Kinja Sushi, Jonga Korean, and Guru Curry), cafes (including 1888 Coffee Station), and bars (like Room 389 and the Oasis Lounge). Downtown, Uptown, Grand Lake, and Lakeshore are all within a 15-20 minute walk. The property's address is 355 Grand Ave., Oakland, CA 94610, and its APN is 010-0767-002-00. This location offers a unique blend of historical character and modern convenience, making it an exceptional opportunity for businesses seeking a vibrant and accessible Oakland location.

    Property Features for 355 Grand Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,000 SF
    Total Rate
    21019.17

    Unit(s) available at that property

    Space
    Suite B
    Size
    1,910 SF
    Rate per SF
    $22
    Space
    Suite E
    Size
    190 SF
    Space
    Suite A
    Size
    2,220 SF
    Rate per SF
    $22

    HighLights

    • 11,000 SF office building in Oakland's Lake Merritt submarket (Adams Point cluster), with 5,080 SF of vacant space available.
    • Three suites available, ranging from 190 SF to 5,080 SF contiguous. Minimum divisible space is 950 SF.
    • Located at 355 Grand Ave., Oakland, CA 94610, near Perkins St. APN: 010‑0767‑002‑00.
    • Building features include high ceilings, natural light, and open floor plans. Convenient access to public transportation, bike paths, and ample parking.
    • Excellent walkability to Downtown Oakland, Lakeshore, and nearby restaurants, cafes, and bars, including Lakeside Park.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mc Cracken & Woodman Consultant

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.255823
    Latitude
    37.808619

    Nearby Similar for Lease

    • $4,000 /Mo
      3,850 SF

      Emeryville Flex Space For Lease

      Two-story flex space with high ceilings and roll-up door.
      3038 Market St, Oakland, CA 94608
      View Details
    • $4,800 /Mo
      3,250 SF

      Prime Retail/Office Space in Oakland

      1,600 SF retail/office space in vibrant Piedmont Avenue District.
      4319 Piedmont Ave, Oakland, CA 94611
      View Details
    • $3,000 /Mo
      814 SF

      Oakland Mixed-Use Property For Rent

      Flexible mixed-use space in a rapidly developing Oakland location.
      3532 San Leandro St, Oakland, CA 94601
      View Details
    • New
      $1,200 /Mo
      18,997 SF

      Bright Office Space in Oakland

      Second-story office space near Telegraph shops and eateries.
      4601 Telegraph Ave, Oakland, CA 94609
      View Details
    • New
      $550 /Mo
      18,997 SF

      Bright Office Space in Oakland

      Second-story office space near Telegraph shops and eateries.
      4601 Telegraph Ave, Oakland, CA 94609
      View Details
    • New
      $750 /Mo
      18,997 SF

      Telegraph Avenue Office Space Available

      Second story office space in Oakland's Telegraph district.
      4601 Telegraph Ave, Oakland, CA 94609
      View Details
    • $4,800,000
      1,309 SF

      Oakland Airport Office Space

      Office space in Oakland Airport Business Park near amenities.
      401 Roland Way, Oakland, CA 94621
      View Details
    • Contact for pricing
      23,158 SF

      Creative Office Space in Oakland

      Unique creative office space with high-end finishes and ample parking.
      1500-1530 Broadway St, Oakland, CA
      View Details
    • $57 SF/Yr
      25,076 SF

      Downtown Oakland Office Space Available

      High-quality office tower with first-class finishes and world-class views.
      555 12Th St, Oakland, CA 94607
      View Details
    • $3 SF/Yr
      16,664 SF

      Oakland Office Space with Views

      16,664 SF office space with views in Oakland.
      1330 Broadway, Oakland, CA 94612
      View Details
    • $9,000 /Mo
      79,592 SF

      Oakland Flex Space Available

      Move-in ready flex space with offices, warehouse, and parking.
      Embarcadero, Oakland, CA 94606
      View Details
    • $10,000 /Mo
      60,974 SF

      Oakland Flex Space Available

      Move-in ready flex space in the heart of the Bay Area.
      22nd Ave #19, Oakland, CA 94606
      View Details

    FAQs

    What type of property is this?
    Office space - Prime Oakland office, multiple suites available.
    Where is this office space located?
    The property is located at 355 Grand Ave Oakland, CA.
    What is the lease rate?
    The lease rate is $0.00-$22 SF/Yr.
    What are key features of this property?
    This property features: 11,000 SF office building in Oakland's Lake Merritt submarket (Adams Point cluster), with 5,080 SF of vacant space available.; Three suites available, ranging from 190 SF to 5,080 SF contiguous. Minimum divisible space is 950 SF.; Located at 355 Grand Ave., Oakland, CA 94610, near Perkins St. APN: 010-0767-002-00.
    Request Owner's contact information
    355 Grand Ave Oakland, CA 94610
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    355 Grand Ave
    Oakland, CA 94610
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    355 Grand Ave Oakland, CA 94610
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.