Gas Station and Convenience
421 23rd Avenue Oakland, CA 94606
421 23rd Avenue, Oakland, CA, 94606
Contact for pricing
For Sale
Contact for pricing
For sale owner/user opportunity featuring a high-volume gas station and C-store at 421 23rd Avenue.
Property Size29,191 SF
Price / SF$162.72
Days on Market49
Property Features for 421 23rd Avenue
General Information
- Standard status
- Active
- Size
- 29,191 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1977
Listing agency
Matthews
Listed by
Simon Assaf · License #AZ BR663663000
Source
Crexi
Added: Jun 3 Updated: Jul 21 at 5:36AM Checked: Jul 21 at 5:36AM
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 Matthews
Investment Insights
Based on property information with market context.
This for-sale gas station and convenience store is positioned as an owner/user opportunity. The property combines fueling operations with a C-store format, offering a single-site setup for a packaged retail and convenience offering alongside gasoline sales.
The property is located at 421 23rd Avenue, Oakland, CA 94606. The offering is presented as a high-volume operation in the public remarks.
No further details on the building, layout, tenancy, or site improvements were provided in the information available.
The property is located at 421 23rd Avenue, Oakland, CA 94606. The offering is presented as a high-volume operation in the public remarks.
No further details on the building, layout, tenancy, or site improvements were provided in the information available.
Key Highlights
- High‑volume gas station and convenience store (C‑store) for sale at 421 23rd Avenue.
- Owner/user opportunity offering a gas station and C‑store in a single property.
- Building year built: 1977.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $630.5k | $21.60 |
| − Vacancy | −$36.6k | −$1.25 |
| EGI | $594.0k | $20.35 |
| − OpEx | −$178.2k | −$6.10 |
| NOI | $415.8k | $14.24 |
29,191 SF · lease $21.60/SF/yr · vacancy 5.80% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$6.72M
$5.88M – $7.84M
NOI $470,214 @ 7.0% cap · market cap 9.90%
Second Best
Retail
$5.94M
$5.20M – $6.93M
NOI $415,769 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$13.30M
$11.64M – $15.51M
NOI $930,824 @ 7.0% cap · market cap 19.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
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FAQs
What type of property is this?
Gas station - For sale owner/user opportunity featuring a high-volume gas station and C-store at 421 23rd Avenue.
Where is this gas station located?
The property is located at 421 23rd Avenue Oakland, CA.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: High‑volume gas station and convenience store (C‑store) for sale at 421 23rd Avenue.; Owner/user opportunity offering a gas station and C‑store in a single property.; Building year built: 1977.
