Property profile

150 Hegenberger Rd Oakland, CA 94621

FOR SALE
Motels
Property ID
US09-8560463
97,577 SF 2.64 ac lot Built 1969
Entity Owned 2-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Corporate Office
  • Restaurant
  • Charitable Organization Volunteer Organization

Location

150 Hegenberger Rd Oakland, CA 94621
Oakland metro Census 409000 SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$6.32M
CAP Approach CAP
$4.62M
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.45M

Owner & transaction history

since 2023
Last sale
$6.4M
7 recorded transactions
2023
$6.4M
2013
Price N/A
2010
$7,500
2005
Price N/A
2005
Price N/A
2005
Price N/A
2005
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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