Corner Lot Retail Development
For Sale
Contact for pricing
556 W Grand Ave, Oakland, CA 94612
Corner lot with existing commercial structures and two billboards providing rental and revenue sharing.
Property Size14,877 SF
Price / SF$235.26
Days on Market146
Property Features for 556 W Grand Ave
General Information
Standard status
Active
Size
14,877 SF
Total Parking Spaces
40
Property subtype
Land, Retail
Zoning
D-DT-CX & S-13
Investment Type
Owner/User
Site & Location
Neighborhood
Northgate
Building Details
Year Built
1940
Listing Agency:
California Capital & Investment Group
Listed By:
Michael McGuire · License #CA 01790296
(510) 910-1037
Source:
Crexi
Added: Jun 3
Changed: Oct 25
Last Checked: Oct 24 at 4:44PM
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 California Capital & Investment Group
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Investment Insights
Based on property information with market context.
556 W Grand Avenue presents a corner lot development or owner-user opportunity in Oakland, featuring approximately 32,670 SF of land and about 14,877 SF of existing commercial structures. The property includes two billboards that produce monthly rent and revenue sharing, adding an income component alongside the physical improvements.
The site has street frontage on three sides, with significant building frontage along the busy W Grand Avenue corridor. According to the public remarks, the property is located just a couple blocks away from major freeways and is less than a 10-minute walk from BART, supporting convenient access for both tenants and visitors.
For buyers, the combination of land area, existing commercial space, and strong frontage on a high-traffic retail corridor may support a range of redevelopment or repositioning strategies, whether as a developer site or an owner-user with income generation from the billboards. The straightforward configuration and transit adjacency may also be appealing for tenants seeking visibility and convenient access.
The site has street frontage on three sides, with significant building frontage along the busy W Grand Avenue corridor. According to the public remarks, the property is located just a couple blocks away from major freeways and is less than a 10-minute walk from BART, supporting convenient access for both tenants and visitors.
For buyers, the combination of land area, existing commercial space, and strong frontage on a high-traffic retail corridor may support a range of redevelopment or repositioning strategies, whether as a developer site or an owner-user with income generation from the billboards. The straightforward configuration and transit adjacency may also be appealing for tenants seeking visibility and convenient access.
Key Highlights
- +/- 32,670 SF corner lot at 556 W Grand Avenue with street frontage on three sides
- +/- 14,877 SF of existing commercial structures
- Two billboards generating monthly rent and revenue sharing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$288,453
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,769,060
$5.8M
Cap Rate 7%
$4,120,757
$4.1M
Cap Rate 9%
$3,205,033
$3.2M
Market Conditions
NOI Build-Up for 14,877 SF
Gross rent
$435.6K $29.28/SF
− Vacancy
−$23.5K −$1.58/SF
EGI
$412.1K $27.70/SF
− OpEx
−$123.6K −$8.31/SF
NOI
$288.5K $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%
$5,769,060
Cap Rate 7%
$4,120,757
Cap Rate 9%
$3,205,033
Alternative Uses
Best Use
Retail
$4.12M
$3.61M – $4.81M
NOI $288,453 @ 7.0% cap · market cap 8.24%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$4.87M
$4.26M – $5.68M
NOI $340,948 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8,202
Businesses Nearby
89k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Dining 22%
Hotels & Casinos 6%
Electronics 1%
AMPM
Shops & Services
15,078 visits/mo
0.4 miles
Chevron
Shops & Services
14,597 visits/mo
0.3 miles
Starbucks
Dining
11,688 visits/mo
0.4 miles
AutoZone
Shops & Services
7,492 visits/mo
0.3 miles
Twin Peaks
Dining
5,983 visits/mo
0.2 miles
Demographics for 94612, CA
19,773
Population
11,928
Households
1.7
Avg Household Size
38
Median Age
54%
College-Educated
87%
High-School Grad
1.0 sq mi
ZIP Area
19,773
Density / Sq Mi
$77,069
Median Household Income
$70,221
Median Earnings
$1,936
Median Rent
$814,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Commercial land - Corner lot with existing commercial structures and two billboards providing rental and revenue sharing.
Where is this commercial land located?
The property is located at 556 W Grand Ave Oakland, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: +/- 32,670 SF corner lot at 556 W Grand Avenue with street frontage on three sides; +/- 14,877 SF of existing commercial structures; Two billboards generating monthly rent and revenue sharing
