Property profile

296 Hegenberger Rd Oakland, CA 94621

OFF-MARKET
Turn key restaurants
Property ID
US09-6695974
3,850 SF 0.33 ac lot Built 1961
Individually Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional opportunity presents a 3,850 square foot, fee-simple owned restaurant and bar located at 296 Hegenberger Road, Oakland, CA 94621. The property, built in 1961 and extensively renovated in 2005, boasts a Class B rating and sits on a large 14,500 square foot corner lot with 22 parking spaces. Currently operating as a Japanese restaurant with a full bar and patio, the sale includes all existing kitchen equipment. The property benefits from a highly visible location on Hegenberger Road, a four-way signalized intersection, and enjoys significant daily traffic counts (40,046 average). Its proximity to Oakland International Airport (11,146,229 passengers in 2022) ensures a consistent flow of customers. The property is zoned CR-1 (Commercial Regional), offering considerable redevelopment potential. The single-tenant building is currently 100% occupied, with occupancy dating back to December 31, 2021. A Type 47 Alcoholic Beverage License is also available for sale, adding significant value to this already lucrative investment. This owner-user opportunity presents a compelling combination of established income and future growth potential in a prime Oakland location. The asking price is $1,750,000.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1961
Construction TILT-UP CONCRETE
Total area 3,850 SF
Lot 0.33 ac (14,500 SF)
APN 44-5077-4-8
UPID US09-6695974

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
  • Restaurant

Location

296 Hegenberger Rd Oakland, CA 94621-1436
Oakland metro Census 409000 SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$385k
CAP Approach CAP
by Request
Comparable Approach Comparable
$630k
Blend (final) Blend
$510k

Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2025
$1.4M
2015
Price N/A
2012
Price N/A
2008
Price N/A
2004
$1.9M
1990
$530,000

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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