Three Freestanding Oakland Industrial
962 87th Ave Oakland, CA
962 87th Ave, Oakland, CA, 00000
Contact for pricing
For Sale
Contact for pricing
Three industrial buildings totaling approximately 15,241 SF in Oakland.
Property Size15,225 SF
Lot Size0.36 Acres
Price / SF$196.98
Days on Market234
Property Features for 962 87th Ave
General Information
- Standard status
- Active
- Size
- 15,225 SF
- Lot size
- 0.36 Acres
- Property subtype
- INDUSTRIAL
Listing Agency
eXp Commercial - CA
(714) 453-8828
Listed by
Tom Nguyen
(714) 453-8828
Source
Moodyscre
Added: Nov 25, 2025 Checked: Jul 17 at 3:16 am
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 eXp Commercial - CA
Investment Insights
Based on property information with market context.
Three freestanding buildings, totaling approximately 15,241 square feet, are available for purchase. The properties are located on three parcels, which must be purchased together. The buildings are currently occupied and operating with permits by a social equity operator in Oakland.
Key Highlights
- Three freestanding buildings totaling approximately 15,241 sq ft.
- Includes 3 Parcels: 42‑4287‑24, 25, and 26.
- Currently occupied and operating with permits.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $290.5k | $19.08 |
| − Vacancy | −$24.4k | −$1.60 |
| EGI | $266.1k | $17.48 |
| − OpEx | −$79.8k | −$5.24 |
| NOI | $186.3k | $12.23 |
15,225 SF · lease $19.08/SF/yr · vacancy 8.40% · expense 30.00%
Alternative Uses
Best Use
Industrial
$2.66M
$2.33M – $3.10M
NOI $186,264 @ 7.0% cap · market cap 6.21%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$4.98M
$4.36M – $5.82M
NOI $348,923 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Industrial properties
Similar For Sale Nearby
FAQs
What type of property is this?
Industrial property - Three industrial buildings totaling approximately 15,241 SF in Oakland.
Where is this industrial property located?
The property is located at 962 87th Ave Oakland, CA.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: Three freestanding buildings totaling approximately 15,241 sq ft.; Includes 3 Parcels: 42‑4287‑24, 25, and 26.; Currently occupied and operating with permits.
