Oakland Commercial Corner
For Sale
$1,995,000
7508 International Boulevard, Oakland, CA 94621
Prime commercial lot with buildings, currently leased to tenants.
Property Size9,315 SF
Lot Size0.44 Acres
Price / SF$214.17
Days on Market359
Property Features for 7508 International Boulevard
General Information
Standard status
Active
Size
9,315 SF
Lot size
0.44 Acres
Property subtype
Commercial/Industrial
Listing Agency:
Pacificwide Real Estate & Mortgage
(408) 316-3080
Listed By:
Duke Le · License #01726788
(408) 316-3080
Source:
Exitrealty
Added: Aug 31, 2025
Changed: Aug 23
Last Checked: Aug 24 at 3:28AM
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 Pacificwide Real Estate & Mortgage
Investment Insights
Based on property information with market context.
Located at International Blvd and Sunshine Ct in Oakland, CA, this commercial corner lot offers significant potential for investors and developers. The property, with addresses 7508, 7506, and 7514 International Blvd, consists of one lot with three APNs. The total lot size is 19,001 square feet, and the total building area is 9,315 square feet, divided between a 3,260-square-foot building and a 6,055-square-foot building. The property is currently leased to an auto repair shop and two churches, generating a gross annual income of $120,060.
Key Highlights
- Prime commercial corner lot location at International Blvd & Sunshine Ct.
- Significant total lot size of 19,001 SQFT.
- Total building area of 9,315 SQFT.
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
$180,611
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
9.05%
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%
$3,612,220
$3.6M
Cap Rate 7%
$2,580,157
$2.6M
Cap Rate 9%
$2,006,789
$2.0M
Market Conditions
NOI Build-Up for 9,315 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
$272.7K $29.28/SF
− Vacancy
−$14.7K −$1.58/SF
EGI
$258.0K $27.70/SF
− OpEx
−$77.4K −$8.31/SF
NOI
$180.6K $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 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%
$3,612,220
Cap Rate 7%
$2,580,157
Cap Rate 9%
$2,006,789
Alternative Uses
Best Use
Retail
$2.58M
$2.26M – $3.01M
NOI $180,611 @ 7.0% cap · market cap 9.05%
Second Best
Industrial
$1.63M
$1.42M – $1.90M
NOI $113,961 @ 7.0% cap · market cap 5.71%
Theoretical Best
Multifamily LT 5
$3.05M
$2.67M – $3.56M
NOI $213,479 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
789
Businesses Nearby
18k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 94%
Shops & Services 6%
Popeyes Louisiana Kitchen
Dining
11,248 visits/mo
0.4 miles
JJ Fish & Chicken
Dining
5,462 visits/mo
0.2 miles
Wash World
Shops & Services
993 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Prime commercial lot with buildings, currently leased to tenants.
Where is this auto shop located?
The property is located at 7508 International Boulevard Oakland, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Prime commercial corner lot location at International Blvd & Sunshine Ct.; Significant total lot size of 19,001 SQFT.; Total building area of 9,315 SQFT.
