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1404 Franklin St Oakland, CA 94612

Office buildings Google Maps
53,913 SF 0.21 ac lot Built 1924
Individually Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$690k
Range $621k – $759k (±10%)
Property ID US09-8142317

Property summary

AI-generated overview

This exceptional seven-story office building, originally constructed in 1924 and fully renovated in 2015, offers a unique blend of historic charm and modern amenities. Located in Alameda County's vibrant CBD Oakland submarket, this Class B property boasts 68,400 square feet of space, with 17,235 square feet currently available for lease. Multiple tenancy options are available, ranging from a minimum of 1,422 square feet to a maximum contiguous space of 7,312 square feet. The building features a steel-frame mid-rise structure, two fully refurbished elevators, and a zoned heat pump HVAC system ensuring optimal climate control. Security is paramount with a card reader secured main entryway providing 24/7 access. Additional features include a sprinkler system, ADA compliance throughout, and convenient access to DSL, T-1, and fiber optic telecom services. Secure basement storage and bicycle parking are also available. The building's prime location is just two blocks from the 12th Street BART station, offering excellent public transportation access. Abundant monthly and visitor parking options are available, along with numerous nearby restaurants. This is an unparalleled opportunity to secure prestigious office space in the heart of downtown Oakland.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING (MULTI-STORY)
Year built 1924
Construction STEEL FRAME
Total area 53,913 SF
Lot 0.21 ac (8,937 SF)
APN 8-624-41
UPID US09-8142317

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
  • Charitable Organization Social Service Agency
  • Construction Company General Contractor
  • Charitable Organization Social Service Agency
  • Charitable Organization Social Service Agency
  • Auto Repair Shop (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$690k

Owner & transaction history

since 2019
7 recorded transactions
2019
Price N/A
2018
Price N/A
2013
Price N/A
1996
$750,000
1995
$250,000
1995
Price N/A
1994
$1,000

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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More about this property
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