Technical
Financial
Distress signals
Property profile

1001 24th St Oakland, CA 94607

OFF-MARKET
Flex space
Property ID
US09-8347460
12,278 SF 0.26 ac lot Built 1929
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is a commercial facility configured as a commercial kitchen, including three walk-in coolers and one walk-in freezer. It features a 48-inch hood equipped with a fire suppression system, a designated dishwasher area, and floor drains. The building offers a clear height of 20 feet and includes solar panels installed on the roof. The stated property size is 121,260 square feet.

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1929
Construction TILT-UP CONCRETE
Total area 12,278 SF
Lot 0.26 ac (11,312 SF)
APN 5-429-9-1
UPID US09-8347460

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering Catering Service
  • Marketing & Advertising Event Planning
  • Bar & Pub

Location

1001 24th St Oakland, CA 94607-2903
Oakland metro Census 401600 SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.31M
Comparable Approach Comparable
$2.29M
Blend (final) Blend
$2.70M

Owner & transaction history

since 2019
7 recorded transactions
2019
Price N/A
2019
Price N/A
2019
$2.9M
2011
$915,000
1996
Price N/A
1993
Price N/A
1993
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $4.4M +8.5%
Medical building $4.1M +1.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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