8383 Capwell Dr Oakland, CA 94621
- Warehouses
- 21,000 SF
- 1.00 lot acres
Current Use by Public Records
- West Coast HydroVac / Excavating Contractor
Property Details for 8383 Capwell Dr
- Year built
- 1970
- Construction
- TILT-UP CONCRETE
- Lot size
- 1.00 lot acres
- Property size
- 21,000 SF
- Property type
- Warehouses
- APN
- 42-4425-2-2
- APU
- 42442522
Description
This exceptional ±21,000 square foot industrial property, situated on approximately one acre in Oakland, CA, presents a compelling owner-user opportunity. Located at 8383 Capwell Dr, 94621, this two-story distribution warehouse boasts four grade-level loading docks, a 20-foot clear ceiling height, and ample heavy power. The building features floor drains and a fully sprinklered system, ensuring optimal functionality and safety. The property also includes a fully fenced and paved yard. An additional ±4,000 square feet is located on the second floor, though not included in the total square footage. The property is zoned D-CO-5 and benefits from its strategic location within five miles of the Port of Oakland, offering convenient access to major transportation arteries, including I-880, and Oakland International Airport. The asking price is $4,950,000, translating to $236 per square foot. This location also qualifies as an Opportunity Zone (CIX-1), presenting potential tax advantages for eligible investors. This is a rare opportunity to acquire a well-maintained, strategically located industrial asset in a thriving market.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $6,020,000
- ML approach
- $5,930,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,200,000
- 6.5%
- $4,800,000
- 7%
- $4,455,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,591,000
Market price range: $1.96M - $5.59M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $3,965,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $8,920,000 Change: +125% Conversion: Moderate
- RESTAURANT
- $7,560,000 Change: +91% Conversion: Difficult
- MEDICAL BUILDING
- $7,060,000 Change: +78% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $6,695,000 Change: +69% Conversion: Easy
- OFFICE BUILDING
- $5,060,000 Change: +28% Conversion: Difficult
- RETAIL STORES
- $4,995,000 Change: +26% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $4,630,000 Change: +17% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Oakland
- County
- Alameda
- State
- California
- Longitude
- -122.202
- Latitude
- 37.737
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
