150 Hegenberger Rd Oakland, CA 94621
- Motels
- 97,577 SF
- 2.64 lot acres
Current Use by Public Records
- Oakland Airport Executive Hotel / Hotel / Motel
- Dryer Vent Wizard of Oakland / Corporate Office
- Bistro 150 / American Restaurant
- 21st Century International Cultural Exchange / Cultural Association
Property Details for 150 Hegenberger Rd
- Year built
- 1969
- Construction
- CONCRETE
- Lot size
- 2.64 lot acres
- Property size
- 97,577 SF
- Property type
- Motels
- APN
- 44-5020-5-43
- APU
- 445020543
Description
This exceptional 97,577 square foot full-service hotel presents a lucrative investment opportunity in Oakland, CA. Situated on a 2.64-acre lot at 150 Hegenberger Road, this property boasts unparalleled access to Oakland International Airport, I-880, and BART, providing seamless connectivity to the Bay Area's major business and cultural centers, including downtown Oakland, San Francisco, and Silicon Valley. The hotel features 191 spacious, well-appointed rooms equipped with modern amenities, ensuring guest comfort and satisfaction. A sparkling outdoor pool, a state-of-the-art fitness center, and a full-service restaurant and bar cater to diverse guest needs. The property's versatility extends to its extensive event facilities, including multiple conference and meeting rooms, a banquet kitchen, and ample on-site parking. This allows for hosting a wide range of events, from corporate seminars and weddings to galas and other large gatherings. The hotel's prime location near popular attractions such as the Oakland Coliseum, Oracle Arena, Jack London Square, and wine country further enhances its appeal to both business and leisure travelers. This presents a unique chance to capitalize on existing facilities and expand marketing efforts to maximize revenue potential. The asking price is $8,100,000. This is a truly exceptional opportunity for a discerning investor seeking a high-return property in a thriving market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,450,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $6,880,000
- 6.5%
- $6,220,000
- 7%
- $6,645,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $7,080,000
- Geo Method
- $6,125,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $6,720,000
- Retail
- $6,605,000
- Mixed-Use
- $6,840,000
- Hospitality
- $5,865,000
- Educational
- $5,135,000
- Residential Income
- $5,360,000
- Energy
- $5,740,000
- Income-Based Land
- $6,990,000
- Food Service
- $6,990,000
Location Insight
- Map
- Local Demand
- City
- Oakland
- County
- Alameda
- State
- California
- Longitude
- -122.199
- Latitude
- 37.7302
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA