Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    40 Harrison St Oakland, CA 94607
    Back to Search
    Property profile & analytics

    40 Harrison St, Oakland, CA 94607

    View on Map
    • Neighborhood centers
    • 48,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Nurturing Hands Doulas / Alternative Medicine Practice / Medical Clinic
    • Channel House / Apartment Building / Apartment Complex

    Property Details for 40 Harrison St

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional retail opportunity is located within the vibrant Jack London Square in Alameda County, a dynamic mixed-use community experiencing significant growth. The property, Channel House, is a multi-tenant strip center totaling 48,000 square feet, situated on a 1.75-acre lot. Currently, 1,845 square feet of retail space is available for lease. The building features an impressive 2,500 parking spaces for customer convenience. The property boasts a prime location with excellent visibility and accessibility, situated near Alice St. Jack London Square is a thriving hub, attracting over 400,000 visitors annually through over 68 signature events and 50 farmers' markets. The area is experiencing a surge in development, including a new 40,000 sq ft market hall (opened late 2020), a new mixed-use apartment building with 333 residential units and street-level retail (opened summer 2020), and two fully entitled projects near the waterfront: a 250-room hotel and another apartment building. The presence of office tenants, including the Oakland A's headquarters and Regus coworking space, brings over 850 daily office workers to the area, creating a substantial customer base. This location offers unparalleled access to a diverse and growing population, making it an ideal investment for businesses seeking high visibility and strong foot traffic within a thriving culinary and entertainment district. The eight-story building is part of a community that blends historic charm with modern amenities.

    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
    -122.273
    Latitude
    37.7941

    Comparable in this City

    • Value Estimation by Request
      12,500 SF

      1620-1640 18Th St

      Restaurants
      1620-1640 18Th St, Oakland, CA 94607
      View Details
    • Value Estimation by Request
      33,602 SF

      66 Franklin St

      Restaurants
      66 Franklin St, Oakland, CA 94607
      View Details
    • Value Estimation by Request
      54,000 SF

      70 Washington St

      Restaurants
      70 Washington St, Oakland, CA 94607
      View Details
    • Value Estimation by Request

      222 Broadway

      Restaurants
      222 Broadway, Oakland, CA 94607
      View Details
    • Value Estimation by Request
      22,092 SF

      408 12Th St

      Restaurants
      408 12Th St, Oakland, CA 94607
      View Details
    • Value Estimation by Request

      559 5Th St

      Retail properties & Spaces
      559 5Th St, Oakland, CA 94607
      View Details

    Similar Nearby for Sale

    • $899,000

      Oakland Commercial Condo in Jack London

      2,414 SF commercial condo in Oakland's vibrant Jack London.
      255 3Rd St, Oakland, CA 94607
      View Details
    • Contact for pricing
      12,260 SF

      Commercial Kitchen Space Available

      Commercial kitchen space featuring coolers, freezer, and solar panels.
      1001 24Th St, Oakland, CA 94607
      View Details
    • Contact for pricing
      11,527 SF

      Oakland Retail Property For Sale

      Retail property available for purchase in Oakland, California.
      322 Broadway, Oakland, CA 94607
      View Details
    • Contact for pricing
      22,500 SF

      Oakland Retail Property For Sale

      Retail property available for sale in Oakland, California.
      253 4Th St, Oakland, CA 94607
      View Details
    • Contact for pricing
      3,780 SF

      Oakland Mixed-Use Property for Sale

      Mixed-use property with flexible zoning and convenient transportation access.
      2439 Adeline St, Oakland, CA 94607
      View Details
    • Contact for pricing
      2,857 SF

      Restaurant Condo with Commercial Kitchen

      2,857 SF commercial condo with full kitchen build-out.
      206 Broadway, Oakland, CA 94607
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,845 SF

      Oakland Retail Space For Rent

      1,845 SF retail space in Oakland, CA.
      40 Harrison St, Oakland, CA 94607
      View Details
    • Contact for pricing
      1,774 SF

      Corner Retail Unit For Rent

      Corner retail unit with potential for restaurant use.
      484-492 9Th St, Oakland, CA 94607
      View Details
    • Contact for pricing
      5,568 SF

      Downtown Oakland Retail Opportunity

      Retail spaces available in downtown Oakland's newest Class-A office project.
      1100-1112 Broadway, Oakland, CA 94607
      View Details
    • Contact for pricing
      1,170 SF

      Oakland Retail Space with Patio

      Retail space with patio available for lease in Oakland.
      419-435 Water St, Oakland, CA 94607
      View Details
    • Contact for pricing
      7,059 SF

      New Retail Space in Oakland

      New retail spaces available in a mixed-use Oakland project.
      1100 Webster St, Oakland, CA 94607
      View Details
    • Contact for pricing
      3,751 SF

      Turnkey Restaurant Space in Oakland

      Second-generation restaurant in a thriving shopping and dining district.
      777 Broadway, Oakland, CA 94607
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    40 Harrison St
    Oakland, CA 94607
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    40 Harrison St, Oakland, CA, 94607
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!