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    Vacant Oakland Retail Building Title is generated by Realmo AI

    510 W Macarthur Blvd, Oakland, CA

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    Vacant 5,900 SF retail building on 0.17 AC lot.

    Type:RETAIL
    Property size:
    5,900 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $338/SF
    Added:
    Jul 3, 2024
    Days on Market:
    724
    Last Refresh:
    May 20 at 8:53 pm

    Property Features for 510 W Macarthur Blvd

    General Information

    Standard status
    Active
    Size
    5,900 SF
    Lot size
    0.17 Acres
    Property subtype
    RETAIL

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    Teddy Swain

    Listing office TRI Commercial | Walnut Creek

    Listing date Jul 3, 2024

    Source Moodyscre

    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 TRI Commercial | Walnut Creek

    HighLights

    • Delivered Vacant
    • Parking: ±10
    • Building Size: 5,900 SF (estimated)
    • Lot Size: 0.17 AC (7,322 SF)
    • SBA Cost of Ownership: $9,730/mo (estimated)
    • Billboard: Call for Details

    Overview

    This is a 5,900 square foot retail building situated on a 0.17-acre lot, which is equivalent to 7,322 square feet. Constructed in 1950, the property is delivered vacant. The site provides approximately 10 parking spaces. The building is currently owner-occupied, so occupants should not be disturbed. The pricing is subject to offer. Call for details about the billboard. The estimated SBA cost of ownership is $9,730 per month.

    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
    —
    —
    no second resolved use
    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 Profile Location Intelligence

    Current Use by Public Records

    Consolidated Security Systems Security Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

    Similar Places Nearby

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    • Wild Flower — 31 Croxton Ave Apt F, Oakland, CA 94611
    • The Plant Queen — 2634 San Pablo Ave, Oakland, CA 94612
    • Here and Now Flowers — Oakland, CA 94608
    • Design In Bloom — 2828 Filbert St, Oakland, CA 94608

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.266
    Latitude
    37.827

    FAQs

    What type of property is this?
    Storefront property - Vacant 5,900 SF retail building on 0.17 AC lot.
    Where is this storefront property located?
    The property is located at 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: Delivered Vacant; Parking: ±10; Building Size: 5,900 SF (estimated)
    (510) 717-7786 Call to check price and availability
    More about this property
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