Building Details

Year Built 1969

Listing Agency: VANGUARD PROPERTIES Show Phone

Listed By: CHERYL J MALONEY · License #CA 0196668 Show Phone

Source: Corcoran

Added: Jan 9, 2025 Changed: Oct 28 Last Checked: Oct 30 at 2:31PM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

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 / Yr

$300,342

Cap Rate

3.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$6,006,840 $6.0M

Cap Rate 7%

$4,290,600 $4.3M

Cap Rate 9%

$3,337,133 $3.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 97,577 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $2,236,246 @ 7.0% cap · market cap 27.61%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Oakland Airport Executive ... Hotel & Motel Dryer Vent Wizard ... Corporate Office Bistro 150 Restaurant 21st Century International ... Charitable Organization

Suggested Use

Top Pick Hair Salon Spa & Massage Center Pharmacy Skin Care Clinic Real Estate Agency Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Similar For Sale Nearby

See more

Hotel Near BART

2225 Telegraph Avenue, Oakland, CA 94612

Contact for pricing

View details

Apartment Building with Garage Parcel

26th, Oakland, CA 94601

$7,995,000

24,789 SF

View details

40-Unit Apartment Building

Foothill, Oakland, CA 94601

$6,995,000

29,423 SF

View details

39-Unit Apartment Building

26th, Oakland, CA 94601

$6,995,000

25,447 SF

View details

29-Unit Apartment Building

14th, Oakland, CA 94602

$5,779,000

32,382 SF

View details

33-Unit Apartment Building

Claremont, Oakland, CA 94618

$8,965,000

16,830 SF

View details

25-Unit Elevator Apartment Building

Lee, Oakland, CA 94610

$6,995,000

18,720 SF

View details

Freestanding Grocery Store with NNN Lease

301 E. 18th Street, Oakland, CA 94606

$6,073,000

14,550 SF

View details

Single-Tenant NNN Retail Property

2427 International Blvd, Oakland, CA 94601

$4,685,000

15,370 SF

View details

Luxury Single-Story Estate Property

5645 Bacon Rd, Oakland, CA 94619

$5,299,000

6,671 SF

View details

Flex Building with Mezzanine Office

433 Jefferson Street, Oakland, CA 94607

$2,925,000

17,631 SF

View details

Oakland Commercial Building with Parking

273 9Th St, Oakland, CA 94607

$4,250,000

10,500 SF

View details

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.