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Oakland, NJ Commercial Investment Properties for Sale

Explore 1 commercial real estate investment properties for sale in Oakland, New Jersey with average size of 1,800 SF, average NOI of $32K,...

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⭐ Featured

Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code

$1,200,000
Oakland Multifamily

Discover a compelling real estate investment in the vibrant city of Oakland, California. This property at 5476 Vicente W...

Cap Rate 2.70%
NOI $32,400
Size 1,800 SF

📊 Avg Property Tax Rate For Oakland CA Properties: 1.7100%

📊 Average Income For Oakland CA Commercial Property: $73,691

Investor Questions For Oakland CA

Common questions from investors exploring commercial real estate in Oakland CA.

What is the overall investment potential of Oakland, CA, considering its demographic and economic factors? +
The city's median household income of $73,691, combined with a poverty rate of 14.8% and a high health insurance coverage rate of 94.5%, suggests a relatively stable market with a mix of working-class and professional residents. The top industries, including Professional, Scientific, & Management, and Health Care & Social Assistance, also indicate a strong and diverse economy. Additionally, the city's ethnic diversity, with top ethnicities including White, Hispanic, and Asian, contributes to a vibrant and dynamic community.
How does the commute time and transportation infrastructure impact the quality of life for residents and potential renters in Oakland, CA? +
The average commute time of 34.6 minutes, with top commute methods including Drove Alone, Public Transit, and Walked, indicates a relatively convenient and accessible transportation infrastructure. This, combined with a high health insurance coverage rate of 94.5% and a median age of 37.4, suggests a good quality of life for residents and potential renters. The city's foreign-born rate of 27.3% and top languages spoken, including English, Spanish, and Chinese, also contribute to a diverse and inclusive community.
What are the key factors to consider when evaluating the housing market in Oakland, CA, for real estate investment purposes? +
The median property value of $649,400 and median property taxes of $8,343 are important factors to consider, along with the homeownership rate of 42.2% and median rent of $2,644. The poverty rate of 14.8% and income inequality, as measured by the GINI coefficient of 0.485, also impact the housing market. Furthermore, the top industries, including Professional, Scientific, & Management, and Health Care & Social Assistance, contribute to a strong and diverse economy, which can support a stable housing market.
How does the ethnic diversity and industry mix in Oakland, CA, impact the demand for housing and real estate investment opportunities? +
The city's ethnic diversity, with top ethnicities including White, Hispanic, and Asian, contributes to a vibrant and dynamic community, which can drive demand for housing. The top industries, including Professional, Scientific, & Management, and Health Care & Social Assistance, also create a strong and diverse economy, which can support a stable housing market. Additionally, the foreign-born rate of 27.3% and top languages spoken, including English, Spanish, and Chinese, indicate a diverse and inclusive community, which can attract a wide range of residents and investors.
What are the implications of the poverty rate and health insurance coverage rate on the quality of tenants and potential returns on investment in Oakland, CA? +
The poverty rate of 14.8% combined with a high health insurance coverage rate of 94.5% suggests a working-class market with employment stability. The average commute time of 34.6 minutes and strong public transit usage also indicate solid infrastructure for renters. Furthermore, the median household income of $73,691 and top industries, including Professional, Scientific, & Management, and Health Care & Social Assistance, contribute to a strong and diverse economy, which can support a stable and profitable real estate investment.

Oakland CA Real Estate & City Facts

Key facts and real estate information about Oakland CA.

What are some of the best neighborhoods to live in Oakland? +
Some of the best neighborhoods to live in Oakland include Downtown, Grand Lake, Piedmont Avenue, Rockridge, Temescal, and Maxwell Park. These neighborhoods offer a mix of urban and suburban living, with plenty of amenities and activities to enjoy.
What are some fun things to do in Oakland? +
Oakland has a lot to offer when it comes to fun things to do. You can visit the Lake Merritt area, which has a beautiful lake and plenty of walking and biking trails. There are also plenty of great restaurants and bars in the area, such as those in the Jack London Square neighborhood. Additionally, Oakland has a thriving arts and culture scene, with numerous galleries and museums to explore.
What is the food scene like in Oakland? +
The food scene in Oakland is incredibly diverse and vibrant. You can find everything from traditional Ethiopian cuisine at Café Colucci to modern Californian cuisine at one of the many Michelin-starred restaurants in the city. There are also plenty of great food trucks and casual eateries to grab a quick bite, such as those serving Cambodian street food or Mexican cuisine. Some popular restaurants in Oakland include Kitchen on Fire, To The Moon, and La Loulou.
What are the pros and cons of living in Oakland? +
One of the pros of living in Oakland is its diverse and vibrant community, with a wide range of cultural and entertainment options to enjoy. The city also has a strong economy and plenty of job opportunities, particularly in the tech and healthcare industries. However, one of the cons of living in Oakland is its high cost of living, particularly when it comes to housing. The city also struggles with issues of crime and safety, particularly in certain neighborhoods. Additionally, the city's proximity to San Francisco can make it prone to traffic and congestion.
Is Oakland a good place to live? +
Overall, Oakland is a great place to live for those who value diversity, culture, and entertainment. While it has its challenges, the city has a lot to offer, from its beautiful parks and lakes to its thriving arts and food scenes. However, it's worth carefully considering the pros and cons of living in Oakland, particularly when it comes to issues of affordability and safety. With the right neighborhood and lifestyle, Oakland can be a wonderful place to call home.
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