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    Property profile & analytics

    5865 Marshall St Oakland, CA 94608-2629

    • Apartment buildings
    • 3,615 SF
    • 0.10 lot acres
    OFF-MARKET
    Last Sale
    Jun 02, 2023
    $500,000
    Value Estimations
    $425,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9111701
    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

    • Apartment buildings

    Property Details for 5865 Marshall St

    Year built
    1908
    Construction
    WOOD
    Lot size
    0.10 lot acres
    Property size
    3,615 SF
    Property type
    Apartment buildings
    APN
    15-1333-2-8
    APU
    15133328

    Description

    This well-maintained, eight-unit apartment building in Oakland, CA, presents a compelling investment opportunity. Located at 5865 Marshall St., near Emeryville, this property boasts convenient access to public transportation (5 minutes from Amtrak), parks (Doyle Hollis Park), and popular dining and shopping destinations (Townhouse Bar and Grill, Bay Street shopping center, Public Market Food Hall). The building, constructed in 1908 and extensively renovated in 2023, features eight one-bedroom, one-bathroom units, each with high ceilings and separate PG&E meters. Recent upgrades include new laminate wood flooring, fresh interior and exterior paint, and landscaping improvements. A large patio area showcases new terra cotta tile, a new French drain, and new fencing. The sewer lateral is compliant. Three units (#4, #5, and #7) have been fully renovated to a high standard, and unit #6 will be vacant at closing. The property sits on a 4,400 sq ft lot and totals 3,615 sq ft, with 3,651 sq ft of net rentable space. The current NOI is $75,802, with a pro-forma NOI of $169,800, representing a significant upside potential. The asking price is $1,680,000, translating to $210,000 per unit and a 4.5% cap rate (7.10% pro-forma). The property is currently 100% occupied and zoned for apartment houses with five or more units. This turnkey investment offers stable income and strong potential for future growth. A 3D tour is available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $470,000
      ML approach
      $415,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $287,000
      Market price range: $114k - $288k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $640,000
      Current use
      WAREHOUSE, STORAGE
      $690,000
      Change: +8% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $680,000
      Change: +6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.285
    Latitude
    37.842
    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
    $11,189
    $408,000
    $816,000
    $1,224,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $520,000
      1.45 Acres

      4610 Hubbard St

      APARTMENT HOUSE (5+ UNITS) • 1.45 Acres
      4610 Hubbard St, Emeryville, CA 94608-4077
      View Details
    • Value Estimation
      $350,000
      34,385 SF

      3268 San Pablo Ave

      APARTMENT HOUSE (5+ UNITS) • 34,385 SF
      3268 San Pablo Ave, Oakland, CA 94608-4372
      View Details
    • Value Estimation
      $540,000
      159,307 SF

      3800 San Pablo Ave

      APARTMENT HOUSE (5+ UNITS) • 159,307 SF
      3800 San Pablo Ave, Oakland, CA 94608-4069
      View Details
    • Value Estimation
      $665,000
      214,538 SF

      3250 Hollis St

      APARTMENT HOUSE (5+ UNITS) • 214,538 SF
      3250 Hollis St, Oakland, CA 94608-4158
      View Details
    • Value Estimation
      $245,000
      18,268 SF

      4700 Adeline St

      APARTMENT HOUSE (5+ UNITS) • 18,268 SF
      4700 Adeline St, Emeryville, CA 94608-3161
      View Details
    • Value Estimation
      $495,000
      159,307 SF

      1030 Apgar St

      APARTMENT HOUSE (5+ UNITS) • 159,307 SF
      1030 Apgar St, Oakland, CA 94608-3821
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      1,137 SF

      Retail Space with Ample Parking

      Retail space with high visibility and public transportation access.
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      View Details
    • Contact for pricing
      10,115 SF

      Grocery-Anchored Retail Center Space

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

      Former Urban Outfitters Retail Space

      11,460 SF retail space with large patio opportunity.
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    • $12 SF/Yr
      14,686 SF

      Emeryville Office Space Available

      Flexible Workspaces in Emeryville, CA
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    • $219 SF/Yr
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      Oakland Ghost Kitchen for Lease

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    • $1.70 SF/Yr
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      Oakland Warehouse Available For Rent

      Warehouse space available for immediate occupancy in Oakland, California.
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      View Details
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    5865 Marshall St
    Oakland, CA 94608-2629
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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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