Shopping Center Retail
For Sale
Contact for pricing
8460 Edgewater Dr, Oakland, CA 94621
Retail center with strong signage and convenient freeway access off the I-880 Hegenberger exit.
Property Size9,888 SF
Lot Size1.04 Acres
Price / SF$453.58
Days on Market134
Property Features for 8460 Edgewater Dr
General Information
Standard status
Active
Size
9,888 SF
Lot size
1.04 Acres
Property subtype
RETAIL
Site & Location
Neighborhood
Elmhurst
Highway Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Colliers | Walnut Creek
(925) 279-0120
Listed By:
Cherie Huillade · License #CA-00918839
(925) 279-4622
Source:
Moodyscre
Added: Jun 18
Changed: Oct 26
Last Checked: Oct 28 at 12:00PM
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 Colliers | Walnut Creek
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Investment Insights
Based on property information with market context.
Hegenberger Gateway Retail Center is a shopping center retail asset totaling 9,888 SF on a 1.036-acre parcel in Oakland’s airport corridor. The property is built for retail operations with strong signage, excellent visibility, and ample on-site parking.
Convenient access is available immediately off the I-880 Hegenberger exit, providing direct connectivity to the freeway network and Oakland International Airport.
The center is presented with established national co-tenancy and flexible deal structures, supporting a range of retail acquisition and occupancy approaches in the East Bay market.
Convenient access is available immediately off the I-880 Hegenberger exit, providing direct connectivity to the freeway network and Oakland International Airport.
The center is presented with established national co-tenancy and flexible deal structures, supporting a range of retail acquisition and occupancy approaches in the East Bay market.
Key Highlights
- 9,888 SF retail asset
- 1.036‑acre parcel
- Immediate access off of I‑880 Hegenberger exit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$191,721
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,834,420
$3.8M
Cap Rate 7%
$2,738,871
$2.7M
Cap Rate 9%
$2,130,233
$2.1M
Market Conditions
NOI Build-Up for 9,888 SF
Gross rent
$289.5K $29.28/SF
− Vacancy
−$15.6K −$1.58/SF
EGI
$273.9K $27.70/SF
− OpEx
−$82.2K −$8.31/SF
NOI
$191.7K $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 Rate 5%
$3,834,420
Cap Rate 7%
$2,738,871
Cap Rate 9%
$2,130,233
Alternative Uses
Best Use
Retail
$2.74M
$2.40M – $3.20M
NOI $191,721 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$3.24M
$2.83M – $3.78M
NOI $226,611 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,180
Businesses Nearby
230k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 37%
Hotels & Casinos 5%
Electronics 1%
Raising Cane's Chicken Fingers
Dining
51,566 visits/mo
0.1 miles
Jack in the Box
Dining
20,020 visits/mo
0.4 miles
ARCO
Shops & Services
19,588 visits/mo
0.5 miles
Panda Express
Dining
18,751 visits/mo
0.2 miles
Shell
Shops & Services
15,705 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
Check the figures for this property
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- The Spot — Oakland, CA 94621
- Coliseum Plaza — 645 Hegenberger Rd, Oakland, CA 94621
Frequently Asked Questions
What type of property is this?
Shopping center - Retail center with strong signage and convenient freeway access off the I-880 Hegenberger exit.
Where is this shopping center located?
The property is located at 8460 Edgewater Dr Oakland, CA.
What is the asking price?
The asking price for this property is $4,485,000.
What are key features of this property?
This property features: 9,888 SF retail asset; 1.036‑acre parcel; Immediate access off of I‑880 Hegenberger exit
