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    962 87Th Ave Oakland, CA 94621
    Property profile & analytics

    962 87Th Ave Oakland, CA 94621

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    • Flex space
    • 5,100 SF
    • 0.15 lot acres
    For Sale
    $2,999,000
    View Listing →
    Three Freestanding Oakland Industrial Buildings For Sale
    $2,999,000
    15,225 SF

    Three Freestanding Oakland Industrial Buildings

    Three industrial buildings totaling approximately 15,241 SF in Oakland.

    962 87th Ave, Oakland, CA
    View Listing
    Property ID
    US09-7806340
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Flex space

    Property Details for 962 87Th Ave

    Year built
    1959
    Lot size
    0.15 lot acres
    Property size
    5,100 SF
    Property type
    Flex space
    APN
    42-4284-24
    APU
    42428424

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,040,000
      6.5%
      $960,000
      7%
      $890,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,028,000
      Market price range: $631k - $2.70M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,625,000
      Current use
      MEDICAL BUILDING
      $1,715,000
      Change: +5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.183
    Latitude
    37.7483
    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
    2024
    $14,839
    $227,562
    $286,728
    $514,290
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,455,000
      21,628 SF

      411 Pendleton Way

      LIGHT INDUSTRIAL • 21,628 SF
      411 Pendleton Way, Oakland, CA 94621-2115
      View Details
    • Value Estimation
      $1,490,000
      13,860 SF

      747 Independent Rd

      LIGHT INDUSTRIAL • 13,860 SF
      747 Independent Rd, Oakland, CA 94621-3725
      View Details
    • Value Estimation
      $18,255,000
      147,500 SF

      500 85th Ave

      LIGHT INDUSTRIAL • 147,500 SF
      500 85th Ave, Oakland, CA 94621-1304
      View Details
    • Value Estimation
      $1,415,000
      7,887 SF

      852 85th Ave

      LIGHT INDUSTRIAL • 7,887 SF
      852 85th Ave, Oakland, CA 94621-1250
      View Details
    • Value Estimation
      $2,205,000
      10,441 SF

      7800 Edgewater Dr

      LIGHT INDUSTRIAL • 10,441 SF
      7800 Edgewater Dr, Oakland, CA 94621-2002
      View Details
    • Value Estimation
      $2,620,000
      19,617 SF

      1104 57th Ave

      LIGHT INDUSTRIAL • 19,617 SF
      1104 57th Ave, Oakland, CA 94621-4428
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,545 SF

      Oakland Flex/Manufacturing Building For Sale

      16,545 SF flex/light manufacturing building on 1.58 acres.
      8399 Edgewater Dr, Oakland, CA 94621
      View Details
    • $840,000
      3,200 SF

      Oakland Commercial Building For Sale

      Commercial building suitable for light industrial, manufacturing, warehousing, or auto service.
      954 86Th Ave, Oakland, CA 94621
      View Details
    • Contact for pricing
      6,722 SF

      Oakland Flex Space For Sale

      6,722 SF flex space in Oakland available for purchase.
      559 66Th Ave, Oakland, CA 94621
      View Details
    • $5,300,000

      Oakland Flex/Manufacturing Building For Sale

      16,545 SF flex/light manufacturing building in Oakland's industrial zone.
      8399 Edgewater Dr, Oakland, CA 94621
      View Details
    • $5,300,000
      16,545 SF

      Oakland Flex/Manufacturing Building For Sale

      16,545 SF flex/light manufacturing building on 1.58 acres.
      8399 Edgewater Dr, Oakland, CA 94621
      View Details
    • $360,000
      6,000 SF

      Oakland Flex Space For Rent

      Flex space with office, roll-up doors, and gated parking.
      7900-7928 Capwell Dr, Oakland, CA 94621
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,943 SF

      Industrial/Flex Space in Business Park

      9,943 SF industrial/flex space with office build-out and roll-up doors.
      7755 Pardee Ln, Oakland, CA 94621
      View Details
    • Contact for pricing
      3,068 SF

      Secured Industrial Business Park Space

      Functional flex/industrial space with excellent access and parking.
      840-852 66Th Ave, Oakland, CA 94621
      View Details
    • Contact for pricing
      11,900 SF

      Oakland Industrial Building with Yard

      11,900 SF light industrial building with paved yard.
      421 Pendleton Way, Oakland, CA 94621
      View Details
    • Contact for pricing
      3,323 SF

      Oakland Warehouse with Fenced Parking

      Warehouse space near Oakland Airport with convenient transportation access.
      410 Pendleton Way, Oakland, CA 94621
      View Details
    • Contact for pricing
      11,220 SF

      Oakland Warehouse with Secured Loading

      Available warehouse space with dock and grade level loading.
      7307 Edgewater Dr, Oakland, CA 94621
      View Details
    • Contact for pricing
      11,317 SF

      Oakland Warehouse with Loading Docks

      Available warehouse space with dock and grade level loading.
      7303 Edgewater Dr, Oakland, CA 94621
      View Details
    View Listing
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    Oakland, CA 94621
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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.

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