Automobile Repair Shop For
For Sale
$599,000
6633 Foothill Blvd, Oakland, CA 94605
Automobile repair shop with expansive rear lot and commercial potential.
Property Size1,700 SF
Price / SF$352.35
Days on Market367
Property Features for 6633 Foothill Blvd
General Information
Standard status
Active
Size
1,700 SF
Property subtype
Commercial
Amenities
Composition Roof
Room for Oversized Vehicle
Street Parking
Tar & Gravel Roof
Building Details
Year Built
1945
Listing Agency:
CENTURY 21 REALTY ALLIANCE
(415) 213-1600
Listed By:
STAN SULLIVAN
Source:
Corcoran
Added: Aug 10, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:47AM
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 CENTURY 21 REALTY ALLIANCE
Investment Insights
Based on property information with market context.
This property, used for decades as an automobile repair shop, offers the potential for commercial or industrial use. The building can accommodate 8 or more cars, multiple trucks, and various equipment. It features a roll-up rear door, a bathroom, and an expansive rear lot capable of holding approximately 15 or more vehicles. The driveway leading to the rear of the property is approximately 16 feet wide. Some or all of the several commercial storage containers on the premises may remain. The property is 1700 square feet. It is located in close proximity to Eastmont mall and a planned large apartment complex.
Key Highlights
- Potential for commercial or industrial use.
- Expansive rear lot with capacity for 15+ vehicles.
- Roll‑up rear door for easy access.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,776
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$475,520
$475.5K
Cap Rate 7%
$339,657
$339.7K
Cap Rate 9%
$264,178
$264.2K
Market Conditions
NOI Build-Up for 1,700 SF
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.
Gross rent
$36.7K $21.60/SF
− Vacancy
−$2.8K −$1.62/SF
EGI
$34.0K $19.98/SF
− OpEx
−$10.2K −$5.99/SF
NOI
$23.8K $13.99/SF
Area
ZIP 94605
Vacancy
7.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$475,520
Cap Rate 7%
$339,657
Cap Rate 9%
$264,178
Alternative Uses
Best Use
Retail
$339.7K
$297.2K – $396.3K
NOI $23,776 @ 7.0% cap · market cap 3.97%
Second Best
Industrial
$224.2K
$196.2K – $261.6K
NOI $15,697 @ 7.0% cap · market cap 2.62%
Theoretical Best
Multifamily LT 5
$491.6K
$430.1K – $573.5K
NOI $34,411 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
617
Businesses Nearby
91k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 44%
Apparel 29%
Shops & Services 19%
Dining 8%
Foods Co
Groceries
40,339 visits/mo
0.0 miles
Ross Dress for Less
Apparel
19,207 visits/mo
0.2 miles
ARCO
Shops & Services
9,305 visits/mo
0.2 miles
Wells Fargo
Shops & Services
7,592 visits/mo
0.1 miles
Carl's Jr.
Dining
6,998 visits/mo
0.1 miles
Demographics for 94605, CA
44,294
Population
17,686
Households
2.5
Avg Household Size
39
Median Age
43%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
5,033
Density / Sq Mi
$101,043
Median Household Income
$62,590
Median Earnings
$1,867
Median Rent
$840,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Automobile repair shop with expansive rear lot and commercial potential.
Where is this auto shop located?
The property is located at 6633 Foothill Blvd Oakland, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Potential for commercial or industrial use.; Expansive rear lot with capacity for 15+ vehicles.; Roll‑up rear door for easy access.
