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

    1999 Harrison St Oakland, CA 94612-3520

    • Office buildings
    • 490,000 SF
    • 1.44 lot acres
    OFF-MARKET
    Value Estimations
    $245,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6544665
    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

    • Law Offices of Yonas Gebreselassie / Attorney
    • Weber & Nierenberg Law Office / Attorney / Law Firm
    • WMB General Contractors / General Contractor
    • Mechanics Bank - Oakland Branch / Bank / Atm
    • Garber Law Firm / Attorney

    Property Details for 1999 Harrison St

    Year built
    1985
    Construction
    STEEL FRAME
    Lot size
    1.44 lot acres
    Property size
    490,000 SF
    Property type
    Office buildings
    APN
    8-636-20-8
    APU
    8636208

    Description

    Lake Merritt Plaza, located at 1999 Harrison St in Oakland, CA 94612, offers exceptional Class A office space in Alameda County. This four-story building provides multiple tenancy options, with a minimum divisible space of 763 square feet and a maximum contiguous space of 2,507 square feet. Currently, 5,488 square feet of vacant office space is available for lease, ideal for businesses seeking flexible and modern accommodations. The property's prime location in Oakland offers easy access to various amenities and transportation options. The building's Class A designation reflects its high-quality construction, modern features, and desirable location. This presents a unique opportunity for businesses of various sizes to establish a presence in a thriving Oakland neighborhood. The available spaces are adaptable to a range of business needs, making Lake Merritt Plaza an attractive option for companies seeking efficient and well-appointed office environments. Interested parties are encouraged to inquire about lease terms and availability for these exceptional office suites. The building's address is conveniently located at 1999 Harrison Street, providing easy access to local transportation and amenities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $245,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.265
    Latitude
    37.8078
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,580,810
    $32,116,621
    $223,737,764
    $255,854,385
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $315,000
      0.10 Acres

      1734 Franklin St

      PROFESSIONAL BUILDING (MULTI-STORY) • 0.10 Acres
      1734 Franklin St, Oakland, CA 94612-3408
      View Details
    • Value Estimation
      $390,000
      0.69 Acres

      2044 Broadway

      OFFICE BUILDING • 0.69 Acres
      2044 Broadway, Oakland, CA 94612
      View Details
    • Value Estimation
      $235,000
      0.01 Acres

      1600 Broadway

      OFFICE BUILDING • 0.01 Acres
      1600 Broadway, Oakland, CA 94612-2100
      View Details
    • Value Estimation
      $400,000
      788,983 SF

      1800 Harrison St

      PROFESSIONAL BUILDING (MULTI-STORY) • 788,983 SF
      1800 Harrison St, Oakland, CA 94612-3416
      View Details
    • Value Estimation
      $515,000
      23,332 SF

      364 14th St

      PROFESSIONAL BUILDING (MULTI-STORY) • 23,332 SF
      364 14th St, Oakland, CA 94612-3211
      View Details
    • Value Estimation
      $670,000
      46,200 SF

      2250 Broadway

      PROFESSIONAL BUILDING (MULTI-STORY) • 46,200 SF
      2250 Broadway, Oakland, CA 94612-3018
      View Details

    Similar Nearby for Sale

    • $2,100,000

      Well-Maintained Building with Highway Access

      Versatile building suitable for owner-user or investor, delivered vacant.
      520 27Th St, Oakland, CA 94612
      View Details
    • $4,900,000
      23,900 SF

      Interconnected Office Building with Balcony

      Four-story office building with high ceilings, skylights, and parking.
      2121 Franklin St, Oakland, CA 94612
      View Details
    • $5,640,000

      Oakland Office Building For Sale

      24,694 sq. ft. office building in Uptown Oakland.
      2131 Broadway, Oakland, CA 94612
      View Details
    • $3,550,000
      10,000 SF

      Oakland Office Building For Sale

      Office building with 10,000 square feet of space.
      1405-1415 Webster St, Oakland, CA 94612
      View Details
    • $4,900,000
      22,289 SF

      Oakland Industrial Flex Building

      22k+ SF industrial flex building in prime Oakland location.
      290 27Th St, Oakland, CA 94612
      View Details
    • $1,395,000
      7,140 SF

      Renovated Oakland Commercial Property

      Fully renovated commercial property with SRO units and retail space.
      2327 San Pablo Ave, Oakland, CA 94612
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,112 SF

      Oakland Office Space with Views

      Renovated office space with lake and hills views.
      180 Grand Ave, Oakland, CA 94612
      View Details
    • Contact for pricing
      1,407 SF

      Pill Hill Office Space

      Two-story office building in Pill Hill, Oakland, CA.
      2710 Telegraph Ave, Oakland, CA 94612
      View Details
    • $1.99 SF/Yr
      2,192 SF

      Renovated Downtown Oakland Office Space

      Updated office building near transportation and amenities.
      1322 Webster St, Oakland, CA 94612
      View Details
    • Contact for pricing
      1,794 SF

      Class A Office Space

      Prime office space near BART with panoramic views.
      1 Kaiser Plz, Oakland, CA 94612
      View Details
    • Contact for pricing
      88,120 SF

      Oakland Office Building For Rent

      Office building with central cooling and heat pump system available.
      401-409 13 St | Oakland, Oakland, CA 94612
      View Details
    • Contact for pricing
      68,400 SF

      Downtown Oakland Office Space

      Historic Office Suites, 1,422-7,312 SF
      1404 Franklin St, Oakland, CA 94612
      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.
    1999 Harrison St
    Oakland, CA 94612-3520
    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.