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Property profile & analytics
OFF-MARKET Estimated value $8,000,000
Warehouses

940 81st Ave Oakland, CA 94621-2512

31,077 SF 2.63 ac lot Built 1950
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-6916462
Property summary
AI-generated overview

This exceptional 37,437 square foot industrial property, located at 940 81st Ave in Oakland, California, presents a unique opportunity for a single tenant. The property boasts a versatile layout encompassing executive office space, ample refrigerated/cold storage facilities, and substantial warehouse area, all within a single building. Situated on a generous 2.63-acre lot, the building offers significant flexibility for a variety of businesses. The property features robust electrical service, with approximately 800 amps at 480 volts, ensuring sufficient power for demanding operations. The zoning designation is CIX-2, allowing for a range of permitted uses. The entire 37,437 square feet is currently vacant, providing immediate occupancy for the successful lessee. The property's Alameda County location (APN 41-4206-5) offers convenient access to major transportation arteries, making it an ideal location for distribution and logistics operations. This is a rare opportunity to secure a large, versatile industrial space in a prime Oakland location. The property is ready for immediate occupancy. The zip code is 94621.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1950
Construction TILT-UP CONCRETE
Total area 31,077 SF
Lot 2.63 ac (114,478 SF)
APN 41-4206-5
UPID US09-6916462
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$8.00M
CAP Approach CAP
$7.11M
Comparable Approach Comparable
$8.27M
Blend (final) Blend
$8.00M
Owner & transaction history
Pcbp Properties INC · 1 yrs held
Pcbp Properties INC
since 2024
Last sale
$8.0M
7 recorded transactions
2024
Price N/A
2024
$8.0M
2023
Price N/A
2020
$26.2M
2014
Price N/A
2010
Price N/A
2005
$4.5M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $13.2M +125.2%
Restaurant $11.2M +90.8%
Medical building $10.4M +78.1%
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