8th and Alice

• Address: 251 8TH ST, OAKLAND 94607

Two blocks from, four blocks from Broadway.

• Photos

Tax

• Parcel number: 1-185-18

• Property tax: $4,440 secured + $4,597 supplemental = $8,997
• Assuming one floor is 1/3 of that tax: $2,999 yearly or $250 monthly

• assessment info source
• tax history

Building and fire insurance

The owners of the Omni told us they're paying $500 a month for building/fire insurance for the whole space. That seems _really_ low. We need to get a quote.

3rd floor costs

• Floor plan total: 5,425 sqft
• Floor plan total minus elevator/stairways: maybe ~5,000 sqft
• Price: 90 cents per sqft nnn.
• Creative Development Partners IG cost estimate (on top of nnn): $0.25 to $0.50 per sqft
• Our IG cost estimate: $250 tax monthly + maybe $500 building/fire insurance monthly
• Total cost estimate with CDP: $5,750 to $7,000
• Total cost estimate with ours: $5,250