Freestanding Commercial Building with
For Sale
$1,400,000
Seminary Avenue, Oakland, CA 94605
6,200 SF commercial building with showroom, offices, and high ceilings.
Property Size6,200 SF
Lot Size0.17 Acres
Price / SF$225.81
Days on Market446
Property Features for Seminary Avenue
General Information
Standard status
Active
Size
6,200 SF
Lot size
0.17 Acres
Property subtype
Commercial
Amenities
Concrete Flooring
Electric Heating
Building Details
Year Built
1928
Listing Agency:
CENTERMAC REALTY, INC.
Listed By:
MARIA SHLYCHKOVA
(408) 772-6539
Source:
Corcoran
Added: Jun 24, 2025
Changed: Sep 10
Last Checked: Sep 12 at 6:38AM
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 CENTERMAC REALTY, INC.
Investment Insights
Based on property information with market context.
This freestanding 6,200 SF commercial building features 25-ft ceilings, roll-up and drive-in doors, a showroom, private offices, and two restrooms. It is situated on a 7,341 SF lot at a high-traffic intersection near Bancroft Ave. Zoned CN-3, the property is suitable for a wide variety of commercial uses. The building will be vacant at the end of November, presenting an opportunity for an owner-user or investor.
Key Highlights
- Freestanding 6,200 SF commercial building
- Zoned CN‑3 suitable for a wide variety of commercial uses
- High‑traffic intersection location near Bancroft Ave
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
$86,713
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
6.19%
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%
$1,734,260
$1.7M
Cap Rate 7%
$1,238,757
$1.2M
Cap Rate 9%
$963,478
$963.5K
Market Conditions
NOI Build-Up for 6,200 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
$133.9K $21.60/SF
− Vacancy
−$10.0K −$1.62/SF
EGI
$123.9K $19.98/SF
− OpEx
−$37.2K −$5.99/SF
NOI
$86.7K $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%
$1,734,260
Cap Rate 7%
$1,238,757
Cap Rate 9%
$963,478
Alternative Uses
Best Use
Retail
$1.24M
$1.08M – $1.45M
NOI $86,713 @ 7.0% cap · market cap 6.19%
Second Best
Office B
$201.5K
$176.3K – $235.1K
NOI $14,105 @ 7.0% cap · market cap 1.01%
Theoretical Best
Multifamily LT 5
$1.79M
$1.57M – $2.09M
NOI $125,500 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
863
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Showroom - 6,200 SF commercial building with showroom, offices, and high ceilings.
Where is this showroom located?
The property is located at Seminary Avenue Oakland, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Freestanding 6,200 SF commercial building; Zoned CN‑3 suitable for a wide variety of commercial uses; High‑traffic intersection location near Bancroft Ave
