Full-Service Hotel Near Oakland
For Sale
$8,100,000
Pending
150 Hegenberger Road, Oakland, CA 94621
Full-service hotel with modern amenities near Oakland International Airport.
Property Size97,577 SF
Lot Size2.64 Acres
Days on Market614
Property Features for 150 Hegenberger Road
General Information
Standard status
Pending
Size
97,577 SF
Lot size
2.64 Acres
Property subtype
Commercial
Amenities
Central air
Patio
Accessible Elevator Installed
Airport Nearby
BART Nearby
Carpet Flooring
Concrete Flooring
Freeway Nearby
Hotel/Motel Nearby
Industrial Area
Multi Units Cooling
MultiUnits Heating
Near Public Transit
Restaurant Nearby
Tile Flooring
Building Details
Year Built
1969
Listing Agency:
VANGUARD PROPERTIES
(415) 655-5600
Listed By:
CHERYL J MALONEY · License #0196668
(415) 309-2722
Source:
Corcoran
Added: Jan 9, 2025
Changed: Sep 14
Last Checked: Sep 15 at 7:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of VANGUARD PROPERTIES
Investment Insights
Based on property information with market context.
This full-service hotel is located minutes from Oakland International Airport, offering modern amenities and versatile facilities suitable for business travelers, leisure guests, and event organizers. The location provides connectivity to I-880, BART transit, and business and cultural hubs, including downtown Oakland, San Francisco, and Silicon Valley. Nearby attractions include the Oakland Coliseum, Oracle Arena, Jack London Square, and wine country. The property features 191 rooms, an outdoor pool, a fitness center, a full-service restaurant and bar, a banquet kitchen, multiple conference and meeting rooms suitable for seminars, weddings, and galas, and on-site parking for guests and event attendees. The property size is 97577 square feet.
Key Highlights
- Prime location near Oakland International Airport with easy access to I‑880, BART, Oakland, San Francisco, and Silicon Valley.
- Full‑service hotel with 191 spacious rooms, restaurant, and bar.
- Versatile facilities for business travelers, leisure guests, and event organizers.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$300,342
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,006,840
$6.0M
Cap Rate 7%
$4,290,600
$4.3M
Cap Rate 9%
$3,337,133
$3.3M
Market Conditions
NOI Build-Up for 97,577 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$1.41M $14.40/SF
− Vacancy
−$772.8K −$7.92/SF
EGI
$632.3K $6.48/SF
− OpEx
−$332.0K −$3.40/SF
NOI
$300.3K $3.08/SF
Area
Oakland, CA
Vacancy
55.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,006,840
Cap Rate 7%
$4,290,600
Cap Rate 9%
$3,337,133
Alternative Uses
Best Use
Hotel Hospitality
$4.29M
$3.75M – $5.01M
NOI $300,342 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$31.95M
$27.95M – $37.27M
NOI $2,236,246 @ 7.0% cap · market cap 27.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
898
Businesses Nearby
Explore this area
Business Placement
Demographics for 94621, CA
35,816
Population
11,078
Households
3.2
Avg Household Size
32
Median Age
13%
College-Educated
67%
High-School Grad
8.5 sq mi
ZIP Area
4,214
Density / Sq Mi
$53,106
Median Household Income
$35,199
Median Earnings
$1,527
Median Rent
$537,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - Full-service hotel with modern amenities near Oakland International Airport.
Where is this hotel located?
The property is located at 150 Hegenberger Road Oakland, CA.
What is the asking price?
The asking price for this property is $8,100,000.
What are key features of this property?
This property features: Prime location near Oakland International Airport with easy access to I‑880, BART, Oakland, San Francisco, and Silicon Valley.; Full‑service hotel with **191 spacious rooms, restaurant, and bar.**; Versatile facilities for business travelers, leisure guests, and event organizers.
