Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    698 Hegenberger Rd Oakland, CA 94621

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Vacant commercial property with fire damage, ideal for renovation.

    Property size:
    2,460 SF

    Property Features for 698 Hegenberger Rd

    General Information

    Standard status
    Active
    Size
    2,460 SF

    Building Details

    Year built
    1951

    We can help!

    Listing Contact
    Terry Hwang
    Source: Corcoran

    Listing Agent: Terry Hwang

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Oakland Commercial Property with Potential

    Located on Hegenberger Road in Oakland, this vacant commercial property is available for sale. The property has sustained significant fire damage to the interior and is being sold in As-Is condition. The site is suitable for investors, developers, or owner-users interested in renovation or rebuilding. The property features a fenced lot secured with barbed wire, a roll-up door, and multiple access points. Zoned for commercial or light industrial use, prospective buyers should verify permitted uses. The location provides convenient access to the Oakland Airport, Coliseum, BART, major freeways, and the Port of Oakland. The property offers potential for warehouse, logistics, or other commercial operations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Oaktreez Cannabis Delivery (Bike/Boat/Book/etc) Store

    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.

    Similar Places Nearby

    Public Storage, Herc Rentals, StoragePRO Self Storage of Oakland, Dean's Cold Storage, Cold Box Inc. - Cold Storage Bay Area

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.1956154
    Latitude
    37.7497133

    Nearby Similar for Sale

    • $850,000
      Pending

      Oakland Fourplex with Income Potential

      Fourplex in Oakland with value-add and income potential.
      1748 E 15Th St, Oakland, CA 94606
      View Details
    • $749,000
      1,565 SF

      Versatile Oakland Duplex with Potential

      Vacant duplex with rental income potential and room to grow.
      852 58Th St, Oakland, CA 94608
      View Details
    • New
      $798,000
      1,649 SF

      Oakland Multifamily with Income Potential

      Single-family home with attached ADU, ideal for rental income.
      7333 Sunkist Dr, Oakland, CA 94605
      View Details
    • $1,150,000
      4,342 SF

      Oakland Multifamily Investment Opportunity

      Four-unit property in Oakland with value-add potential.
      856 21St St, Oakland, CA 94607
      View Details
    • New
      $1,350,000
      4,905 SF

      Spacious Oakland Duplex with Modern Design

      Redesigned duplex in West Oakland with income potential.
      1238 12Th St, Oakland, CA 94607
      View Details
    • $659,000
      2,226 SF

      Oakland Duplex with Development Potential

      Charming duplex with bonus unit in vibrant Oakland area.
      1706-1704 Center St, Oakland, CA 94607
      View Details
    • New
      $979,000
      3,100 SF

      Oakland Victorian Home with Income

      Victorian home with ADU and basement income potential.
      1725 96Th Ave, Oakland, CA 94603
      View Details
    • $949,888
      1,662 SF

      Remodeled Duplex Near Highland Hospital

      Charming, remodeled 2-bedroom duplex in a prime Oakland location.
      3214 13Th Ave, Oakland, CA 94610
      View Details
    • $2,459,000
      14,266 SF

      Oakland Multifamily Investment Opportunity

      18-unit apartment building with remodeling and income potential.
      2100 51St Ave, Oakland, CA 94601
      View Details
    • $675,000
      Pending

      Oakland Multi-Family Property For Sale

      Two homes on a property with parking and garage spaces.
      3020 E 19Th St, Oakland, CA 94601
      View Details
    • $699,000
      3,300 SF

      Storefront Property in Fruitvale District

      Storefront property in Fruitvale District with high ceilings.
      4820 International Blvd, Oakland, CA 94601
      View Details
    • New
      $2,250,000
      4,228 SF

      Oakland Mixed-Use Property with Parking

      Mixed-use building with residential units and income-producing parking.
      356-360 24Th St, Oakland, CA 94612
      View Details

    FAQs

    What type of property is this?
    Warehouse - Vacant commercial property with fire damage, ideal for renovation.
    Where is this warehouse located?
    The property is located at 698 Hegenberger Rd Oakland, CA.
    What are key features of this property?
    This property features: - Excellent location near Oakland Airport, Coliseum, BART, major freeways, and the Port of Oakland; - Zoned for commercial or light industrial use (buyer to verify); - Ideal for investors, developers, or owner-users looking to renovate or rebuild
    Request Owner's contact information
    698 Hegenberger Rd Oakland, CA 94621
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    698 Hegenberger Rd
    Oakland, CA 94621
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    698 Hegenberger Rd Oakland, CA 94621
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Terry Hwang
    Learn more
    Google sign-in failed. Please try again or use another login method.