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    40 98Th Ave Oakland, CA 94603

    For Sale
    Contact for pricing

    Two parcels near Oakland Airport with parking and office building.

    Lot size:
    1.10 Acres

    Property Features for 40 98Th Ave

    General Information

    Lot size
    1.10 Acres

    Source: John Cumbelich & Associates Agent John Cumbelich

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Oakland Airport Adjacent Parking, Office

    The property comprises two parcels totaling 1.1 acres. One parcel, located at 60 98th Ave, features an existing 3-story office building with approximately 30 parking stalls. The second parcel, located at 40 98th Ave, is a surface parking lot accommodating approximately 90 vehicles. Situated at the intersection of 98th Avenue and Airport Access Road in Oakland, California, the property is adjacent to Oakland International Airport, which sees 13 million passengers annually. The zoning is CR-1, and the general plan designation is Regional Commercial. The location is within a designated Opportunity Zone and is six blocks from I-880, which has an average daily traffic count of 204,000. The property also benefits from billboard lease income on a month-to-month basis, which is negotiable.
    Insight Report Location Intelligence

    Current Use by Public Records

    SUV Rental OAK Car Rental Agency

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Hair Salon Wholesale Shop Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Dollar Car Rental - San Leandro Hle DLE, Thrifty Car Rental - San Leandro Hle TLE, Park Car Rental, Go Rentals, SUV Rental Oakland Airport

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.1991823
    Latitude
    37.726881

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    FAQs

    What type of property is this?
    Parking lot & garage - Two parcels near Oakland Airport with parking and office building.
    Where is this parking lot & garage located?
    The property is located at 40 98Th Ave Oakland, CA.
    What are key features of this property?
    This property features: - Two parcels totaling 1.1 acres adjacent to Oakland International Airport.; - **High parking capacity:** ±30 stalls at the office building and ±90 in the surface lot.; - Located in a Designated Opportunity Zone.
    (925) 935-5400
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    40 98Th Ave Oakland, CA 94603
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    Oakland, CA 94603
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    Realmo Value Estimation

    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.

    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.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    40 98Th Ave Oakland, CA 94603
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