Technical
Financial
Distress signals
Property profile

8399 Edgewater Dr Oakland, CA 94621

OFF-MARKET
Other warehouses
Property ID
US09-9234802
16,545 SF 1.58 ac lot Built 1966
Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is a 16,545-square-foot flex/light manufacturing building on a 1.58-acre parcel in Oakland’s industrial area. The building was constructed in 1966 and underwent significant updates in 2019. It is zoned D-CO-5, supporting a range of industrial and commercial uses, and it is located within an Oakland Cannabis Facilities Permitted Zoning area as well as an opportunity zone. The site includes a large gated yard with over 80 parking spaces and is situated in a well-connected industrial corridor; it is positioned approximately 1.3 miles from Oakland International Airport and about 7.2 miles from the Port of Oakland, a major seaport facility that supports regional cargo and logistics operations in the San Francisco Bay Area.

Property profile

Verified
Property type Other warehouses
Use group WAREHOUSE, STORAGE
Year built 1966
Construction TILT-UP CONCRETE
Total area 16,545 SF
Lot 1.58 ac (68,824 SF)
APN 42-4425-9
UPID US09-9234802

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor

Location

8399 Edgewater Dr Oakland, CA 94621-1401
Oakland metro Census 409000 SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$2.37M

Owner & transaction history

since 2016
7 recorded transactions
2022
Price N/A
2017
Price N/A
2016
$3.1M
2012
$965,454
1984
$1.3M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $3.9M +26.0%
Commercial (general) $3.6M +16.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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