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    Property profile & analytics

    355 Grand Ave Oakland, CA 94610

    • Investment properties
    • 11,000 SF
    • 0.14 lot acres
    For Lease
    View listing
    $22 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9101927
    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

    • Mc Cracken & Woodman / Consultant / Mechanical Engineer

    Property Details for 355 Grand Ave

    Year built
    1949
    Construction
    TILT-UP CONCRETE
    Lot size
    0.14 lot acres
    Property size
    11,000 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    10-767-2
    APU
    107672

    Description

    This 11,000 square foot office building at 355 Grand Avenue, Oakland, CA 94610, offers versatile spaces ideal for various business types. Currently, 5,080 square feet are available, divisible into units as small as 950 square feet, with a maximum contiguous space of 5,080 square feet. The building features three total suites, providing options for businesses of different sizes. Located in the Adams Point submarket of Lake Merritt, this property boasts convenient access to multiple public transportation lines, a dedicated bike path, and ample street parking. The building's historical charm is complemented by modern amenities including high ceilings, abundant natural light, and open floor plans. Each suite offers a walk-up entry and access to common area restrooms. The location provides easy access to a variety of nearby amenities, including Lakeside Park, numerous restaurants (such as Enssaro Ethiopian, Kinja Sushi, Jonga Korean, and Guru Curry), cafes (including 1888 Coffee Station), and bars (like Room 389 and the Oasis Lounge). Downtown, Uptown, Grand Lake, and Lakeshore are all within a 15-20 minute walk. The property's address is 355 Grand Ave., Oakland, CA 94610, and its APN is 010-0767-002-00. This location offers a unique blend of historical character and modern convenience, making it an exceptional opportunity for businesses seeking a vibrant and accessible Oakland location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,237,000
      Market price range: $1.24M - $3.93M

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.256
    Latitude
    37.8086
    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
    $10,062
    $407,900
    $144,900
    $552,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,270,000
      6,630 SF

      336 Grand Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,630 SF
      336 Grand Ave, Oakland, CA 94610-4826
      View Details
    • Value Estimation
      $860,000
      5,620 SF

      3325 Grand Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,620 SF
      3325 Grand Ave, Oakland, CA 94610-2738
      View Details
    • Value Estimation
      $905,000
      5,602 SF

      3421 Grand Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,602 SF
      3421 Grand Ave, Oakland, CA 94610-2013
      View Details
    • Value Estimation
      $1,360,000
      6,992 SF

      3276 Lakeshore Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,992 SF
      3276 Lakeshore Ave, Oakland, CA 94610-2720
      View Details
    • Value Estimation
      $4,085,000
      23,158 SF

      761 Wesley Way

      OFFICE/RESIDENTIAL (MIXED USE) • 23,158 SF
      761 Wesley Way, Oakland, CA 94610
      View Details
    • Value Estimation
      $645,000
      3,247 SF

      3721 Grand Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,247 SF
      3721 Grand Ave, Oakland, CA 94610-1505
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Recently renovated office space with shared amenities for rent.
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    • $22 SF/Yr
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      Grand Ave Oakland Office Space

      Prime Oakland office, multiple suites available.
      355 Grand Ave, Oakland, CA 94610
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    • Contact for pricing
      10,318 SF

      Oakland Retail Space Available

      Retail space available for rent in Oakland, California.
      3277 Lakeshore Ave, Oakland, CA 94610
      View Details
    • Contact for pricing
      750 SF

      Oakland Office Space Available

      750 square foot office space for rent in Oakland.
      168 Santa Clara Ave, Oakland, CA 94610
      View Details
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    Oakland, CA 94610
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    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
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