Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1157 88Th Ave Oakland, CA 94621

    • Commercial real estate
    • 1,196 SF
    • 0.04 lot acres
    For Sale
    View listing
    $489,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8942395
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Deliverance Temple Worship Center / Christian Church

    Property Details for 1157 88Th Ave

    Lot size
    0.04 lot acres
    Property size
    1,196 SF
    Property type
    Commercial real estate

    Description

    This exceptional 1,196 square foot property located at 1157 88th Avenue in Oakland, California, presents a unique investment opportunity. Situated on a 0.036-acre lot in Alameda County (zip code 94621), this special purpose property, currently configured as a beautifully preserved historic church, offers a wealth of possibilities. The building boasts soaring ceilings and a spacious sanctuary filled with natural light, creating an inspiring and versatile space. In addition to the main sanctuary, the property includes several meeting rooms, providing ample flexibility for a variety of uses. The property is turnkey and ready for immediate use, whether continuing its legacy as a place of worship or being repurposed as a unique residence, event venue, or community hub. The asking price is $489,500. The current owner is also willing to sell the existing church furnishings at a reasonable price (with some exceptions). This is a rare chance to acquire a piece of Oakland history and capitalize on its significant potential. The property's location offers convenient access to major thoroughfares. Don't miss this extraordinary opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.1794681
    Latitude
    37.7495194

    Comparable in this City

    • $1,949,500
      0.21 Acres

      Oakland Commercial Corner Lot For Sale

      Prime commercial corner lot with existing buildings and income.
      7508 International Blvd, Oakland, CA 94621
      View Details
    • $690,000

      East Oakland Church Building

      Church building in East Oakland, suitable for various uses.
      1700 84Th Ave, Oakland, CA 94621
      View Details
    • $1,900,000

      Oakland Commercial Land For Sale

      Gated and secured commercial land available in Oakland, California.
      535 Julie Ann Way, Oakland, CA 94621
      View Details
    • Contact for pricing

      Oakland Commercial Land For Sale

      51,000 SF commercial land with direct freeway access.
      110 Hegenberger Rd, Oakland, CA 94621
      View Details
    • Contact for pricing
      1.71 Acres

      Oakland Commercial Land - 1.71 Acres

      Prime Oakland commercial land, ideal for development.
      966 81St Ave, Oakland, CA 94621
      View Details
    • $399,000
      2,460 SF

      Oakland Commercial Property with Potential

      Vacant commercial property with fire damage, ideal for renovation.
      698 Hegenberger Rd, Oakland, CA 94621
      View Details

    Similar Nearby for Sale

    • $1,949,500
      0.21 Acres

      Oakland Commercial Corner Lot For Sale

      Prime commercial corner lot with existing buildings and income.
      7508 International Blvd, Oakland, CA 94621
      View Details
    • $690,000

      East Oakland Church Building

      Church building in East Oakland, suitable for various uses.
      1700 84Th Ave, Oakland, CA 94621
      View Details
    • $1,900,000

      Oakland Commercial Land For Sale

      Gated and secured commercial land available in Oakland, California.
      535 Julie Ann Way, Oakland, CA 94621
      View Details
    • Contact for pricing

      Oakland Commercial Land For Sale

      51,000 SF commercial land with direct freeway access.
      110 Hegenberger Rd, Oakland, CA 94621
      View Details
    • Contact for pricing
      1.71 Acres

      Oakland Commercial Land - 1.71 Acres

      Prime Oakland commercial land, ideal for development.
      966 81St Ave, Oakland, CA 94621
      View Details
    • $399,000
      2,460 SF

      Oakland Commercial Property with Potential

      Vacant commercial property with fire damage, ideal for renovation.
      698 Hegenberger Rd, Oakland, CA 94621
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      74,488 SF

      Oakland Industrial Land - 1.71 Acres

      Prime Oakland location, 74,488 sqft, CIX-2 zoning.
      966 81St Ave, Oakland, CA 94621
      View Details
    • $5 SF/Yr
      149,263 SF

      Oakland Commercial Land - Hegenberger Rd

      3.43 Acres, Zoned CIX-2/CR-1
      250 Hegenberger Rd, Oakland, CA 94621
      View Details
    • Contact for pricing
      62,000 SF

      Fenced Oakland Industrial Facility

      62,000 SF industrial facility with office space for lease.
      860 77Th Ave, Oakland, CA 94621
      View Details
    • Contact for pricing
      6,254 SF

      Oakland Warehouse with Loading Docks

      Available warehouse space with dock and grade level loading.
      7303 Edgewater Dr, Oakland, CA 94621
      View Details
    • Contact for pricing
      2,476 SF

      Oakland Office Space For Rent

      Office space available with secure parking and natural light.
      100 Hegenberger Rd, Oakland, CA 94621
      View Details
    • $13 SF/Yr
      70,280 SF

      Oakland Office Suites Available

      Prime Oakland location, flexible spaces
      7901 Oakport St, Oakland, CA 94621
      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.
    1157 88Th Ave
    Oakland, CA 94621
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.