400 29Th StOakland, CA 94609

Property Details for 400 29Th St

Year built

1928

Construction

CONCRETE

Lot size

0.43 AC

Property size (Sq ft)

31,335 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

9-699-31

APU

969931

Description

This exceptional medical office space, located at 400 29th Street in Oakland, California, offers 12 available suites ranging from 467 to 2,802 square feet. The building, known as the Summit Professional Building, is ideally situated in Alameda County, near the vibrant Pill Hill medical district, providing easy access to healthcare facilities and related services. The property features a total of 1,800 square feet of leasable space and boasts convenient access to public transportation, being within walking distance of the 19th Street Oakland BART station. This ensures excellent connectivity for both staff and clients. The building includes elevators for easy access to all floors. The address is 400 29th Street, Oakland, CA 94609, conveniently located between 29th and 30th Streets. Its central location offers proximity to a variety of dining options and the recreational amenities of Lake Merritt, enhancing the overall appeal and convenience for tenants. The property type is classified as a multi-tenant office building specifically designed for medical practices. This location presents a unique opportunity for medical professionals seeking a thriving and accessible environment in a dynamic Oakland neighborhood. The building is well-suited for a variety of medical practices and related businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $8,679,139

  6.5%

  $8,011,514

  7%

  $7,439,262

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,996,136

  Geo Method

  $8,739,645

• Alternative Use

  Use

  Valuation

  Residential

  $9,934,277

  Hospitality

  $9,099,744

  Educational

  $7,570,880

  Medical

  $7,831,254

  Retail

  $11,776,925

Location Insight

City

Oakland

County

Alameda

State

California

Latitude

37.8181

Longitude

-122.265

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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