Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2551 Macarthur Blvd Oakland, CA 94602

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Restaurant property with development potential in Oakland's Dimond District.

    Property size:
    1,254 SF
    Lot size:
    0.16 Acres

    Property Features for 2551 Macarthur Blvd

    General Information

    Size
    1,254 SF
    Lot size
    0.16 Acres

    We can help!

    Listing Contact
    Brad Baker
    Brad Baker
    Source: Moodyscre

    Listing Agent: Brad Baker

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

    Learn more

    Property Insight Report

    Overview

    Oakland Restaurant/Development Opportunity For Sale

    Located in the Dimond District, this property presents a rare opportunity for an owner-user or development project. Currently operating as a restaurant with a type 2 hood, the property will be delivered vacant upon close of escrow. The site is suitable for SBA financing. The property features a 1,254 square foot building on a 7,047 square foot lot, offering ample parking space or the potential for outside seating or residential development, subject to buyer verification with the City of Oakland. The property is located at 2551 Macarthur Blvd, Oakland, CA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kasper's Hot Dogs Restaurant NOAH Corporate Office

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Similar Places Nearby

    Kandy.Kenz, Bay Leaf Catering, Kitchen 1014 #2, Savoy Catering, RSVP Catering

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.211366
    Latitude
    37.79893

    Nearby Similar for Sale

    • $1,198,000
      2,441 SF

      Oakland Mixed-Use Investment Opportunity

      Retail and residential income property for sale in Oakland.
      2600 Macarthur Blvd, Oakland, CA 94602
      View Details
    • $795,000
      2,070 SF

      Updated Duplex in Pill Hill

      Updated duplex with vacant units in Oakland's Pill Hill.
      2834 Summit St, Oakland, CA 94609
      View Details
    • New
      $975,000
      2,240 SF

      Victorian Duplex in Oakland Revival

      Corner lot Victorian duplex with modern updates and rental income.
      1655 12Th St, Oakland, CA 94607
      View Details
    • New
      $895,000
      3,972 SF

      Oakland Multifamily Property with Potential

      Five-unit building in Grand-Lake location with upgrade potential.
      830 Walker Ave, Oakland, CA 94610
      View Details
    • New
      $895,000
      3,972 SF

      Oakland Multifamily Property with Potential

      Five-unit building in Grand-Lake location with upgrade potential.
      832 Walker Ave, Oakland, CA 94610
      View Details
    • $979,000
      3,100 SF

      Oakland Victorian Home with Income

      Victorian home with ADU and basement income potential.
      1725 96Th Ave, Oakland, CA 94603
      View Details
    • $975,000
      1,840 SF

      Upgraded Duplex in Oakland

      Two-story duplex with upgraded units, ideal for homeowners or investors.
      6320 Shattuck Ave, Oakland, CA 94609
      View Details
    • $688,000
      1,155 SF

      Updated Duplex in Oakland's Ivywood

      Updated corner-lot duplex in Oakland, perfect for owner-occupant or rental.
      2178 107Th Ave, Oakland, CA 94603
      View Details
    • $689,000
      1,288 SF

      Renovated Multifamily Home in Oakland

      Turnkey multifamily property in a revitalizing Oakland neighborhood.
      1778 8Th St, Oakland, CA 94607
      View Details
    • $975,000
      3,300 SF

      Maxwell Park Fourplex with Income Potential

      Oakland fourplex with updated units and strong income potential.
      2622 Kingsland Ave, Oakland, CA 94619
      View Details
    • New
      $799,000
      1,548 SF

      Updated Duplex in Prime Location

      Updated duplex in Oakland, near BART, dining, and shopping.
      3929 Ruby St, Oakland, CA 94609
      View Details
    • New
      $2,500,000
      7,561 SF

      Oakland Multifamily Investment Opportunity

      Spacious 13-bedroom property in Oakland with high cash flow potential.
      7940 Bancroft Ave, Oakland, CA 94605
      View Details

    FAQs

    What type of property is this?
    Restaurant - Restaurant property with development potential in Oakland's Dimond District.
    Where is this restaurant located?
    The property is located at 2551 Macarthur Blvd Oakland, CA.
    What are key features of this property?
    This property features: - Rare owner-user or development opportunity in the Dimond District.; - Includes a Type 2 hood, suitable for restaurant use.; - Vacant possession upon close of escrow.
    (405) 412-4432 Call to check price and availability
    Request Owner's contact information
    2551 Macarthur Blvd Oakland, CA 94602
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2551 Macarthur Blvd
    Oakland, CA 94602
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    2551 Macarthur Blvd Oakland, CA 94602
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brad Baker
    Brad Baker
    (405) 412-4432 (405) 840-0600
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!