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Owner-User Flex Building with Billboard

508-510 W MacArthur Blvd Oakland, CA 94609

New
508-510 W MacArthur Blvd, Oakland, CA, 94609
$2,000,000
For Sale
Claim this Listing
$2,000,000

Two-story flex building with ground-floor retail/flex space and an income-producing billboard.

Property Size5,900 SF
Price / SF$338.98
AddedJul 14
Days on Market3
Last RefreshJul 16 at 1:47 am

Property Features for 508-510 W MacArthur Blvd

General Information

Standard status
Active
Size
5,900 SF
Property subtype
Industrial

Listing office Oakland

Listing date Jul 14, 2026

Source Colliers

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.

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

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 $172.8k $29.28
− Vacancy −$9.3k −$1.58
EGI $163.4k $27.70
− OpEx −$49.0k −$8.31
NOI $114.4k $19.39
5,900 SF · lease $29.28/SF/yr · vacancy 5.40% · expense 30.00%

Alternative Uses

Best Use
Retail
$1.63M
$1.43M – $1.91M (±1% cap)
NOI $114,396 @ 7.0% cap · market cap 5.72%
Second Best
Flex RnD
$1.18M
$1.04M – $1.38M (±1% cap)
NOI $82,836 @ 7.0% cap · market cap 4.14%
Theoretical Best
Multifamily LT 5
$1.93M
$1.69M – $2.25M (±1% cap)
NOI $135,215 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Carpet & Flooring Store HVAC Service Computer & Electronic Repair Clothing & Fashion Store Mobile Phone Store (Bike/Boat/Book/etc) Store Adult Day Care (Bike/Boat/Book/etc) Store Travel Agency (Bike/Boat/Book/etc) Store

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

Similar Off Market Nearby

  • Little Red Riding Truck
  • Barbara Llewellyn Catering and Event Planning — 434 25th St, Oakland, CA 94612
  • Trumpetvine Catering — 478 25th St, Oakland, CA 94612
  • Queen Bee's Kitchen
  • Hayefe catering — 2507 Broadway, Oakland, CA 94612

FAQs

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
Contact an agent
More about this property
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