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    FOR SALE
    Motels

    150 Hegenberger Rd, Oakland, CA 94621

    97,577 SF 2.64 ac lot Built 1969
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US09-8560463
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Motels
    Use group MOTEL
    Year built 1969
    Construction CONCRETE
    Total area 97,577 SF
    Lot 2.64 ac (115,000 SF)
    APN 44-5020-5-43
    UPID US09-8560463
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Oakland Airport Executive Hotel Hotel & Motel
    • Dryer Vent Wizard of Oakland Corporate Office
    • Bistro 150 Restaurant
    • 21st Century International Cultural Exchange Charitable Organization Volunteer Organization
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $6.32M
    CAP Approach CAP
    $4.62M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $5.83M
    Owner & transaction history
    Pacific Capital Management Group · 2 yrs held
    Pacific Capital Management Group
    since 2023
    Last sale
    $6.4M
    7 recorded transactions
    2023
    $6.4M
    2013
    2010
    $7,500
    2005
    2005
    2005
    2005
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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