Freestanding Commercial Building with
Seminary Avenue Oakland, CA 94605
For Sale
$1,400,000
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 Market401
Property Features for Seminary Avenue
General Information
Standard status
Active
Size
6,200 SF
Lot size
0.17 Acres
Property subtype
Commercial
Building Details
Year Built
1928
Listing Agency:
CENTERMAC REALTY, INC.
(408) 772-6539
Listed By:
MARIA SHLYCHKOVA
Source:
Corcoran
Added: Jun 24, 2025
Changed: Jul 6
Last Checked: Jul 29 at 7:03AM
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 For Retail
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 | $133.9k | $21.60 |
| − Vacancy | −$10.0k | −$1.62 |
| EGI | $123.9k | $19.98 |
| − OpEx | −$37.2k | −$5.99 |
| NOI | $86.7k | $13.99 |
6,200 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 30.00%
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
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
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- Verret Group — 2556 62nd ave, oakland, ca 94605
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
