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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3214 Market St Oakland, CA 94608

    • Commercial real estate
    • 0.09 lot acres
    For Sale
    View listing
    $400,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8425282
    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

    • Commercial real estate

    Property Details for 3214 Market St

    Lot size
    0.09 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.09-acre property at 3214 Market Street in Oakland, California, presents a unique investment opportunity. Currently configured as a mid-sized church, this general commercial building offers 6,350 square feet of adaptable interior space within the versatile RM-2 zoning district. The property's location in vibrant West Oakland provides unparalleled connectivity, situated minutes from downtown Oakland, San Francisco, UC Berkeley, BART, the Port of Oakland, and major hospitals. Recent city improvements have enhanced the area's walkability and bikeability, including new bike lanes, crosswalks, and traffic-calming measures. The property features a shared driveway and backyard parking, adding to its convenience. Originally a single-story home, the structure was elevated and converted into a church sometime in the 1960s or 70s, resulting in a substantial amount of space ripe for redevelopment. The adaptable interior allows for a wide range of uses, from restoring the building for religious purposes to converting it into residential units (such as duplexes or townhouses), or establishing a neighborhood business. This property's prime location and flexible zoning make it an ideal investment for those seeking a project with significant upside potential in a rapidly developing area. The asking price is $635,000.

    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
    -122.2757
    Latitude
    37.82276

    Comparable in this City

    • Contact for pricing
      0.26 Acres

      Oakland Mixed-Use Development

      0.26-acre corner lot, high-density zoning.
      6602 San Pablo Ave, Oakland, CA 94608
      View Details
    • $2,795,000
      8,426 SF

      Prime Emeryville Commercial Space

      8,426 SF, 0.19 Acres, High-Demand Location
      5428 San Pablo Ave, Emeryville, CA 94608
      View Details
    • $2,150,000

      Emeryville Industrial Property for Sale

      Industrial property available for purchase in Emeryville, California.
      3291 San Pablo Ave, Emeryville, CA 94608
      View Details
    • Contact for pricing
      16,125 SF

      North Oakland School For Sale

      North Oakland school building with classrooms and outdoor play areas.
      1086 Alcatraz Ave, Oakland, CA 94608
      View Details
    • $750,000

      North Oakland Multifamily Income Property

      Five-unit building in North Oakland with income potential.
      1080 67Th St, Oakland, CA 94608
      View Details
    • $839,000

      Updated Duplex in NOBE

      Updated duplex in a prime location, ideal for investors.
      863 40Th St, Oakland, CA 94608
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.26 Acres

      Oakland Mixed-Use Development

      0.26-acre corner lot, high-density zoning.
      6602 San Pablo Ave, Oakland, CA 94608
      View Details
    • $2,795,000
      8,426 SF

      Prime Emeryville Commercial Space

      8,426 SF, 0.19 Acres, High-Demand Location
      5428 San Pablo Ave, Emeryville, CA 94608
      View Details
    • $1,500,000
      3,900 SF

      970 Macarthur Blvd, Oakland, CA 94608

      Industrial properties • 3,900 SF
      970 Macarthur Blvd, Oakland, CA 94608
      View Details
    • Contact for pricing
      62,898 SF

      Emeryville Flex Building Opportunity

      62,898 SF flex building suited for R&D and manufacturing.
      6601 Shellmound St, Emeryville, CA 94608
      View Details
    • $5,100,000
      13,185 SF

      Move-in Ready Grocery Store

      High-visibility retail location with longstanding community relevance and easy access.
      3105 San Pablo Ave, Emeryville, CA 94608
      View Details
    • $400,000

      Oakland Specialty Property For Sale

      Specialty property available for purchase in Oakland, California.
      3214 Market St, Oakland, CA 94608
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,137 SF

      Retail Space with Ample Parking

      Retail space with high visibility and public transportation access.
      6399 Christie Ave, Emeryville, CA 94608
      View Details
    • Contact for pricing
      10,115 SF

      Grocery-Anchored Retail Center Space

      Retail space available in a high-traffic Emeryville shopping center.
      3838 Hollis St, Emeryville, CA 94608
      View Details
    • Contact for pricing
      11,460 SF

      Former Urban Outfitters Retail Space

      11,460 SF retail space with large patio opportunity.
      5959 Shellmound St, Emeryville, CA 94608
      View Details
    • Contact for pricing

      Emeryville Manufacturing/Industrial Space Available

      Manufacturing/Industrial property available for rent in Emeryville, California.
      4056 Hubbard St, Emeryville, CA 94608
      View Details
    • $1.85 SF/Yr
      3,377 SF

      Renovated Office Space Available Now

      Newly renovated office space with open floor plan and skylights.
      1311-1425 63Rd St, Emeryville, CA 94608
      View Details
    • Contact for pricing
      2,080 SF

      Retail Space with Strong Visibility

      End-cap retail space with high visibility and signage.
      1325 40Th St, Emeryville, CA 94608
      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.
    3214 Market St
    Oakland, CA 94608
    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.