Renovated Restaurant Property For
For Sale
$1,999,000
9219 International Blvd, Oakland, CA 94603
Renovated restaurant with equipment, parking, and additional units for sale.
Property Size3,380 SF
Price / SF$591.42
Days on Market437
Property Features for 9219 International Blvd
General Information
Standard status
Active
Size
3,380 SF
Building Details
Year Built
1979
Listing Agency:
CENTURY 21 MASTERS
Listed By:
ADEL BADAWI
Source:
Corcoran
Added: Jun 19, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 CENTURY 21 MASTERS
Investment Insights
Based on property information with market context.
This is an opportunity to purchase a renovated property with a restaurant that holds an up-to-date Oakland city license and has a maximum capacity of 50 persons. The building encompasses a 3000 sqft restaurant area, with two small separate units on each side, situated on a 3380 sqft lot. A conveniently sized 2000 sqft parking lot is included. The restaurant includes a 20ft hood type 1 commercial hood, a rotisserie chicken machine, a pizza oven, a 4ft grill, a 4ft griddle, a 5ft steam table, 2 fryers, 2 walk-in refrigerators, various refrigerated display units for meats and perishable foods, 2 restrooms, 2 sinks, 3 hand sinks, and a bulletproof window for night shifts, allowing for 24-hour operation. One of the two additional units offers approximately 300 sqft of space and could serve as office space. The third unit is designed as a practical storage room. The property is approved for Type 41 Beer and Wine. The property is located with easy access to highway 880, and 580. There is potential to add a second story to the building. Potential business uses include a smoke shop, grocery store, butcher shop, ice cream shop, taqueria, Chinese restaurant, pizza place, barbecue restaurant, or bakery.
Key Highlights
- Thriving restaurant with Oakland city license and 50‑person capacity.
- Fully equipped commercial kitchen with a 20ft hood, rotisserie machine, pizza oven, grills, fryers, and walk‑in refrigerators.
- Includes two additional units, one suitable for office space (300 sqft) and one for storage.
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
$56,277
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
2.82%
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%
$1,125,540
$1.1M
Cap Rate 7%
$803,957
$804.0K
Cap Rate 9%
$625,300
$625.3K
Market Conditions
NOI Build-Up for 3,380 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
$81.1K $24.00/SF
− Vacancy
−$6.1K −$1.80/SF
EGI
$75.0K $22.20/SF
− OpEx
−$18.8K −$5.55/SF
NOI
$56.3K $16.65/SF
Area
ZIP 94603
Vacancy
7.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,125,540
Cap Rate 7%
$803,957
Cap Rate 9%
$625,300
Alternative Uses
Best Use
Specialty Retail
$804.0K
$703.5K – $938.0K
NOI $56,277 @ 7.0% cap · market cap 2.82%
Second Best
Retail
$671.7K
$587.7K – $783.6K
NOI $47,017 @ 7.0% cap · market cap 2.35%
Theoretical Best
Multifamily LT 5
$986.0K
$862.8K – $1.15M
NOI $69,021 @ 7.0% cap · market cap 3.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
858
Businesses Nearby
36k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 69%
Shops & Services 31%
McDonald's
Dining
21,633 visits/mo
0.3 miles
AutoZone
Shops & Services
10,242 visits/mo
0.5 miles
La Nopalera
Dining
2,878 visits/mo
0.1 miles
Wash World
Shops & Services
993 visits/mo
0.4 miles
Demographics for 94603, CA
36,681
Population
11,199
Households
3.3
Avg Household Size
32
Median Age
15%
College-Educated
69%
High-School Grad
2.7 sq mi
ZIP Area
13,586
Density / Sq Mi
$71,086
Median Household Income
$37,025
Median Earnings
$1,838
Median Rent
$596,100
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Polynesian Vibe LLC — 9327 International Blvd, Oakland, CA 94603
- MexiQ Catering Company — 90nd Ave, (Walnut &, Plymouth St, Oakland, CA 94603
Frequently Asked Questions
What type of property is this?
Restaurant - Renovated restaurant with equipment, parking, and additional units for sale.
Where is this restaurant located?
The property is located at 9219 International Blvd Oakland, CA.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Thriving restaurant with Oakland city license and 50‑person capacity.; Fully equipped commercial kitchen with a **20ft hood, rotisserie machine, pizza oven, grills, fryers, and walk‑in refrigerators.**; Includes two additional units, one suitable for office space (300 sqft) and one for storage.
