Owner-User Flex Building with
For Sale
$2,000,000
508-510 W MacArthur Blvd, Oakland, CA 94609
Two-story flex building with ground-floor retail/flex space and an income-producing billboard.
Property Size5,900 SF
Price / SF$338.98
Days on Market43
Property Features for 508-510 W MacArthur Blvd
General Information
Standard status
Active
Size
5,900 SF
Property subtype
Industrial
Building Details
Stories
2
Listing Agency:
Oakland
(510) 433-5818
Listed By:
Paul O'Drobinak · License #01983402
(510) 433-5818
Source:
Colliers
Added: Jul 14
Changed: Aug 17
Last Checked: Aug 24 at 3:11AM
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 Oakland
Investment Insights
Based on property information with market context.
508-510 W MacArthur Blvd is a two-story owner-user flex building improved with functional flex and retail space on the ground floor, along with a second-story residential component. The property also features a billboard that is currently income-producing, providing an additional revenue stream to support the overall asset.
The building is located approximately 10.3 miles from the MacArthur BART station. This mix of flexible ground-floor space and billboard income can be appealing for an owner-operator or investor seeking a property with multiple income components.
The building is located approximately 10.3 miles from the MacArthur BART station. This mix of flexible ground-floor space and billboard income can be appealing for an owner-operator or investor seeking a property with multiple income components.
Key Highlights
- Approximately 5,900 SF, 2‑story owner/user flex building with ground‑floor flex and retail space
- Second‑story residential component in the building
- Located about 0.3 miles from the MacArthur BART station
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
$114,396
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
5.72%
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%
$2,287,920
$2.3M
Cap Rate 7%
$1,634,229
$1.6M
Cap Rate 9%
$1,271,067
$1.3M
Market Conditions
NOI Build-Up for 5,900 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
$172.8K $29.28/SF
− Vacancy
−$9.3K −$1.58/SF
EGI
$163.4K $27.70/SF
− OpEx
−$49.0K −$8.31/SF
NOI
$114.4K $19.39/SF
Area
Oakland, CA
Vacancy
5.40%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
30.00%
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%
$2,287,920
Cap Rate 7%
$1,634,229
Cap Rate 9%
$1,271,067
Alternative Uses
Best Use
Retail
$1.63M
$1.43M – $1.91M
NOI $114,396 @ 7.0% cap · market cap 5.72%
Second Best
Flex RnD
$1.18M
$1.04M – $1.38M
NOI $82,836 @ 7.0% cap · market cap 4.14%
Theoretical Best
Multifamily LT 5
$1.93M
$1.69M – $2.25M
NOI $135,215 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,093
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 94609, CA
23,578
Population
11,915
Households
2
Avg Household Size
36
Median Age
62%
College-Educated
95%
High-School Grad
1.7 sq mi
ZIP Area
13,869
Density / Sq Mi
$106,698
Median Household Income
$69,221
Median Earnings
$2,116
Median Rent
$1,147,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two-story flex building with ground-floor retail/flex space and an income-producing billboard.
Where is this flex space located?
The property is located at 508-510 W MacArthur Blvd Oakland, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Approximately 5,900 SF, 2‑story owner/user flex building with ground‑floor flex and retail space; Second‑story residential component in the building; Located about 0.3 miles from the MacArthur BART station
