Financial
Distress signals
Property profile

2961 Summit St 2ND Oakland, CA 94609

FOR LEASE
Medical Office Space
Property ID
US09-8369023
5,300 SF 0.08 ac lot Built 1946
Last sale Nov 2019 · $1,799,000
Individually Owned Owner of record is an individual. 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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2961 Summit St,Unit 2ND, Oakland, CA 94609 For Lease
$1,300/Mo 1,300 SF available
2961 Summit St,Unit 2ND, Oakland, CA 94609
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Property summary

AI-generated overview

The property is a medical office suite configured for healthcare use, featuring a practical layout with approximately 4–5 exam or treatment rooms, a dedicated lab area, and an ADA accessible bathroom and entryway designed for patient and staff access. The suite is located at 2961 Summit St in Oakland and has nearby structured parking access, including proximity to the Sutter Parking Garage one block away. The interior configuration supports common clinical workflows involving patient examinations, treatment rooms, and basic laboratory functions.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$28k
Tax billed · 2023
Assessed value · 2024$1.93M
Assessed land$613k
Assessed improvement$1.32M
Effective rate1.44%

Value estimate

· Sep 2026
$1.09M
$977k – $1.19M
CAP approach$1.35M
NOI build-up
Gross scheduled income$31k
Vacancy & credit loss−$7k
Operating expenses−$6k
NOI · 1,340.62% cap applied$17k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$336/SF
Submarket average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$144 – $419
Qualifying comparables4

Cap rate analysis

How does the asset earn?
1,340.62%
$17k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionALAMEDA

Location intelligence

Which uses thrive at this corner?
Best fit: Tanning Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tanning Salon8.2
HVAC Service8.2
Pet Grooming Service7.8

Location

2961 Summit St, Unit 2ND Oakland, CA 94609
County assessor Recorded deeds · 6 transfers 4 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
400 34th, Oakland, CA 94609-2816 $1,600,000 Apr 2023 4,106 SF
3875 Telegraph, Oakland, CA 94609-2428 $4,500,000 Mar 2023 13,052 SF
384 34th, Oakland, CA 94609 $1,590,000 Feb 2023 4,091 SF
431 30th, Oakland, CA 94609-3307 $1,415,000 Oct 2021 7,371 SF
3317 Elm, Oakland, CA 94609-3052 $1,450,000 Sep 2021 5,866 SF
2923 Webster, Oakland, CA 94609-3409 $3,900,000 Aug 2019 11,138 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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