Mixed-Use Property with
For Sale
$1,150,000
1903 D Street, Antioch, CA 94509
Residential Income, Antioch, CA
Property Size4,363 SF
Lot Size0.23 Acres
Price / SF$263.58
Days on Market204
Property Features for 1903 D Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-6
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 1
Parking features
Parking Lot
Interior features
Storage
Exterior features
No Yard
Subdivision
Downtown Antioch
Lot features
Corner Lot
Standard status
Active
APN
0672610052
Size
4,363 SF
Lot size
0.23 Acres
Utilities
Cooling system
Ceiling Fan(s)
Building Details
Year built
1915
Number of units
2
Flooring type
Linoleum, Tile
Building materials
Stucco
Roof type
Tar/Gravel
Additional Structures
Storage
Listing Agency:
World Premier Realty WPR
(925) 825-8494
Listed By:
Jose Daniel Bermejo · License #02085611
(925) 768-0495
Added: Feb 15
Changed: Sep 3
Last Checked: Sep 7 at 12:06AM
MLS# 41124148
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property combines an operating restaurant, grocery store, and residential apartment within a 4,363-square-foot building on a 0.23-acre parcel. The restaurant includes a commercial kitchen, active permits, inventory, storage, tile and linoleum flooring, stucco construction, and a tar/gravel roof. The residential component includes four bedrooms and two bathrooms. The property was built in 1915 and has ceiling fan cooling.
The site is located at 1903 D Street in Antioch, California, with on-site parking for up to 9 vehicles. The sale includes both the business and real estate, along with the restaurant equipment and grocery operation. R-6 zoning applies to the property.
The site is located at 1903 D Street in Antioch, California, with on-site parking for up to 9 vehicles. The sale includes both the business and real estate, along with the restaurant equipment and grocery operation. R-6 zoning applies to the property.
Key Highlights
- 4,363‑square‑foot mixed‑use property on a 0.23‑acre parcel
- Operating restaurant, grocery store, and residential apartment in one property
- Restaurant includes commercial kitchen, active permits, and inventory
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
$76,875
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
6.68%
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%
$1,537,500
$1.5M
Cap Rate 7%
$1,098,214
$1.1M
Cap Rate 9%
$854,167
$854.2K
Market Conditions
NOI Build-Up for 4,363 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
$107.3K $24.60/SF
− Vacancy
−$4.8K −$1.11/SF
EGI
$102.5K $23.49/SF
− OpEx
−$25.6K −$5.87/SF
NOI
$76.9K $17.62/SF
Area
Antioch, CA
Vacancy
4.50%
Lease Rate
$24.60 /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%
$1,537,500
Cap Rate 7%
$1,098,214
Cap Rate 9%
$854,167
Alternative Uses
Best Use
Specialty Retail
$1.10M
$960.9K – $1.28M
NOI $76,875 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$991.8K
$867.9K – $1.16M
NOI $69,429 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,513 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
958
Businesses Nearby
Explore this area
Business Placement
Demographics for 94509, CA
69,931
Population
24,048
Households
2.9
Avg Household Size
36
Median Age
19%
College-Educated
82%
High-School Grad
17.4 sq mi
ZIP Area
4,019
Density / Sq Mi
$81,512
Median Household Income
$42,401
Median Earnings
$2,052
Median Rent
$565,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Restaurant, grocery, and residential components occupy a single mixed-use property.
Where is this mixed-use property located?
The property is located at 1903 D Street Antioch, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 4,363‑square‑foot mixed‑use property on a 0.23‑acre parcel; Operating restaurant, grocery store, and residential apartment in one property; Restaurant includes commercial kitchen, active permits, and inventory
