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    675 Hegenberger Oakland, CA 94621

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    For Lease
    $1.75 SF/Yr

    Class B office building with flexible suite sizes and free parking.

    Type:Office
    Property size:
    75,000 SF
    Added:
    Mar 5, 2026
    Days on Market:
    27
    Last Refresh:
    Mar 25 at 8:46 pm

    Property Features for 675 Hegenberger

    General Information

    Standard status
    Active
    Size
    75,000 SF
    Property subtype
    Office

    Building Details

    Year Built
    1976

    Spaces For Lease

    at 675 Hegenberger Contact us

    We can help!

    Listing Contact
    Edward F. Del Beccaro

    Listing agent Edward F. Del Beccaro License #CalDRE #00642167

    Listing office TRI Commercial | Walnut Creek

    Listing date Mar 5, 2026

    Source Corfac

    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

    Overview

    Oakland Class B Office Space

    This Class B office building offers direct access to Interstate 880 via the Hegenberger Road Exit. The three-story building features approximately 75,000 square feet of office space and an interior courtyard. Free parking surrounds the building. Office suites on the third floor are available, ranging in size from approximately 1,500 to 11,000 square feet. The property is a 9-minute walk (0.4 miles) from the Oakland Coliseum BART Station and Oakland Coliseum Sports Complex, and a 9-minute drive to Oakland International Airport. Direct access to the Airport/Coliseum BART Station is available via AC Transit. The building is close to Starbucks, Jamba Juice, Organic Choice, and In-N-Out Burger. It has been locally owned since 1996 and is professionally managed. Improved suites are available starting at a base rent of $1.75 per square foot per month, fully-serviced. Monthly rental rates for unimproved suites are based on the extent of required improvements and the length of the lease term. Build-to-suit options are available.
    Location Intelligence

    Current Use by Public Records

    Oakland Prime Mobile ... Law Firm Pacific Optimedia Media Distribution Liquidity CPR Training Occupational Health Service Tiger Garage Door ... General Contractor American Revenue Management Bank

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.197
    Latitude
    37.7485

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    FAQs

    What type of property is this?
    Office building - Class B office building with flexible suite sizes and free parking.
    Where is this office building located?
    The property is located at 675 Hegenberger Oakland, CA.
    What is the lease rate?
    The lease rate is $1.75 SF/Yr.
    What are key features of this property?
    This property features: Direct access to Interstate 880 (Hegenberger Road Exit).; 9‑minute walk to Oakland Coliseum BART Station/Oakland Coliseum Sports Complex.; Free parking surrounding the building.
    (925) 296-3333
    We can help!
    Listing Contact
    Edward F. Del Beccaro
    Real Estate License ID: CalDRE #00642167
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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