934 75th Ave Oakland, CA 94621-2912
- Industrial properties
- 6,150 SF
- 0.32 lot acres
Dec 11, 2020
Current Use by Public Records
- Columbia Machine Works / Machining Manufacturer
- Pole Puller / Machining Manufacturer
Property Details for 934 75th Ave
- Year built
- 1950
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.32 lot acres
- Property size
- 6,150 SF
- Property type
- Industrial properties
- APN
- 41-4157-10-1
- APU
- 414157101
Description
This exceptional industrial property, located at 934 75th Avenue in Oakland, California (zip code 94621), presents a unique investment opportunity. The 6,150 square foot warehouse sits on a lot fully enclosed by an iron fence with electric gates for secure parking access. The property boasts a 20-foot ceiling height and benefits from access on both 75th and 76th Avenues. City-approved plans and permits are in place for a second story addition, expanding the building to 10,088 square feet. Comprehensive architectural drawings, including MEP (Mechanical, Electrical, Plumbing) plans, are available. The property is fully compliant with all State Department of Fish & Wildlife and City of Oakland regulations, with documentation readily available. A brand new Siemens 400 AMP three-phase power panel has recently been installed. This vacant warehouse is ideal for immediate industrial use or as a lucrative investment property. Owner financing is available with a 35% down payment. This is a rare opportunity to acquire a well-situated, fully permitted, and improved industrial space in Oakland's desirable Green Zone.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,355,000
- ML approach
- $1,490,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,255,000
- 6.5%
- $1,160,000
- 7%
- $1,075,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,087,000
Market price range: $145k - $1.36M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $1,960,000 Current use
- RESTAURANT
- $2,215,000 Change: +13% Conversion: Difficult
- MEDICAL BUILDING
- $2,065,000 Change: +5% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Oakland
- County
- Alameda
- State
- California
- Longitude
- -122.192
- Latitude
- 37.7537
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA