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 Market94
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
Listed By:
Paul O'Drobinak · License #01983402
(510) 433-5818
Source:
Colliers
Added: Jul 14
Changed: Oct 4
Last Checked: Oct 14 at 7:36PM
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 / Yr
$114,396
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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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Similar Off Market Nearby
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- Pomella — 3770 Piedmont Ave Unit B, Oakland, CA 94611
- Blue Heron Catering — 3301 San Pablo Ave, Oakland, CA 94608
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
