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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3421 Hollis St Oakland, CA 94608

    • Warehouses
    • 18,945 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • A.T.P. Plumbing / Plumbing Service / General Contractor
    • The Master in Furniture / Production Facility / Furniture & Home Goods
    • Vaida Metals Sculpting / Factory / Production Facility
    • Car Wraps Oakland / Auto Repair Shop
    • bossfelt / Department Store

    Property Details for 3421 Hollis St

    Property size
    18,945 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.284
    Latitude
    37.8263

    Comparable in this City

    • Value Estimation by Request
      11,700 SF

      6635-6647 Hollis St

      Flex space • 11,700 SF
      6635-6647 Hollis St, Emeryville, CA 94608
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    • Value Estimation by Request
      100,265 SF

      1460 Park Ave

      Distribution properties • 100,265 SF
      1460 Park Ave, Emeryville, CA 94608
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    • Value Estimation by Request
      3,078 SF

      3301 San Pablo Ave

      Distribution properties • 3,078 SF
      3301 San Pablo Ave, Oakland, CA 94608
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    • Value Estimation by Request
      9,843 SF

      3291 Linden St

      Distribution properties • 9,843 SF
      3291 Linden St, Emeryville, CA 94608
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    • Value Estimation by Request
      4,183 SF

      1185 Ocean Ave

      Distribution properties • 4,183 SF
      1185 Ocean Ave, Emeryville, CA 94608
      View Details
    • Value Estimation by Request
      18,296 SF

      64Th St

      Distribution properties • 18,296 SF
      0 64Th St, Emeryville, CA 94608
      View Details

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      Oakland/Emeryville Industrial Property For Sale

      Industrial property available on the Oakland/Emeryville border.
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    Similar Nearby for Lease

    • $18 SF/Yr
      11,700 SF

      Hollis Street Industrial Warehouse

      Alameda County flex warehouse, 11,700 sqft.
      6635-6647 Hollis St, Emeryville, CA 94608
      View Details
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      23,969 SF

      Oakland Warehouse with Loading Docks

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      8,911 SF

      Oakland Manufacturing and Warehouse Space

      Manufacturing and warehouse space with convenient access to transportation.
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      8,000 SF

      Emeryville Warehouse Space Available

      8,000 SF warehouse space in prime Emeryville location.
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      Oakland Industrial Building with Office

      13,600 SF industrial building with office and gated lot.
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    • Contact for pricing
      10,000 SF

      Oakland Warehouse with Cooler Space

      10,000 SF warehouse with existing cooler space for lease.
      2935-2939 Adeline St, Oakland, CA 94608
      View Details
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    3421 Hollis St
    Oakland, CA 94608
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    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
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