Oakland Commercial Property with
For Sale
$399,000
698 Hegenberger Rd, Oakland, CA 94621
Vacant commercial property with fire damage, ideal for renovation.
Property Size2,460 SF
Price / SF$162.20
Days on Market476
Property Features for 698 Hegenberger Rd
General Information
Standard status
Active
Size
2,460 SF
Building Details
Year Built
1951
Listing Agency:
LEGACY REAL ESTATE & ASSOC.
Listed By:
TERRY HWANG
Source:
Corcoran
Added: Jun 19, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:08AM
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 LEGACY REAL ESTATE & ASSOC.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,545
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$730,900
$730.9K
Cap Rate 7%
$522,071
$522.1K
Cap Rate 9%
$406,056
$406.1K
Market Conditions
NOI Build-Up for 2,460 SF
Gross rent
$46.9K $19.08/SF
− Vacancy
−$3.9K −$1.60/SF
EGI
$43.0K $17.48/SF
− OpEx
−$6.4K −$2.62/SF
NOI
$36.5K $14.86/SF
Area
Oakland, CA
Vacancy
8.40%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$730,900
Cap Rate 7%
$522,071
Cap Rate 9%
$406,056
Alternative Uses
Best Use
Warehouse
$522.1K
$456.8K – $609.1K
NOI $36,545 @ 7.0% cap · market cap 9.16%
Second Best
Industrial
$429.9K
$376.2K – $501.6K
NOI $30,096 @ 7.0% cap · market cap 7.54%
Theoretical Best
Multifamily LT 5
$805.4K
$704.7K – $939.6K
NOI $56,378 @ 7.0% cap · market cap 14.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,013
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94621, CA
35,816
Population
11,078
Households
3.2
Avg Household Size
32
Median Age
13%
College-Educated
67%
High-School Grad
8.5 sq mi
ZIP Area
4,214
Density / Sq Mi
$53,106
Median Household Income
$35,199
Median Earnings
$1,527
Median Rent
$537,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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- Public Storage — 680 Hegenberger Rd, Oakland, CA 94621
- Dean's Cold Storage — 850 81st ave, oakland, ca 94621
Frequently Asked Questions
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 is the asking price?
The asking price for this property is $399,000.
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
