1531 Webster StOakland, CA 94612

Property Details for 1531 Webster St

Year built

1949

Construction

TILT-UP CONCRETE

Lot size

0.34 AC

Property size (Sq ft)

33,436 SF

Property type

Office properties

Property subtype

Office buildings

APN

8-624-23

APU

862423

Description

This exceptional office property, located at 1531 Webster St, Oakland, CA 94612, offers 13,714 square feet of immediately available space in a 35,000 square foot building. The property is classified as Class B and boasts a desirable location in Alameda County, near the intersection of Webster Street and 15th Street. Built in 1950, this two-story building features attractive 12-foot ceilings, perfect for a variety of office configurations. The space is suitable for both executive and creative office uses, catering to diverse business needs. The property sits on a 0.34-acre lot and is currently available for lease as multiple tenancies. The building's total square footage is 35,000 square feet, with 13,714 square feet currently vacant and ready for immediate occupancy. This presents a unique opportunity to secure a substantial and well-located office space in the thriving Oakland market. The property's central location and ample square footage make it an ideal choice for businesses seeking a prominent presence in the area. Interested parties are encouraged to inquire further to explore the possibilities this property offers.

• CAP approach

  CAP return

  Valuation

  6%

  $12,272,894

  6.5%

  $11,328,825

  7%

  $10,519,623

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,199,120

  Geo Method

  $9,325,635

• Alternative Use

  Use

  Valuation

  Residential

  $14,047,743

  Hospitality

  $12,867,657

  Educational

  $10,705,740

  Medical

  $11,073,926

  Retail

  $16,653,373

Location Insight

City

Oakland

County

Alameda

State

California

Latitude

37.805

Longitude

-122.268

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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