Mixed-Use Property with
For Sale
$1,549,900
1903 D St, Antioch, CA 94509
Business Opportunity, Antioch, CA
Property Size4,363 SF
Lot Size0.23 Acres
Price / SF$355.24
Days on Market234
Property Features for 1903 D St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R-6
Accessibility
Accessible Approach with Ramp
Subdivision
Downtown Antioch
Lot features
Residential Area, Shopping Nearby
Standard status
Active
APN
0672610052
Size
4,363 SF
Lot size
0.23 Acres
Building Details
Year built
1915
Flooring type
Tile, Linoleum
Building materials
Stucco
Roof type
Tar/Gravel
Listing Agency:
World Premier Realty WPR
(925) 825-8494
Listed By:
Jose Daniel Bermejo · License #02085611
(925) 768-0495
Added: Jan 15
Changed: Aug 24
Last Checked: Sep 6 at 11:06PM
MLS# 41121009
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. The restaurant includes a commercial kitchen, active permits, inventory, tile and linoleum flooring, and a ramped accessible approach. The sale includes both the business and real estate. Constructed in 1915 with stucco construction and a tar/gravel roof, the property occupies 0.23 acres and includes parking for up to 9 vehicles.
Located at 1903 D St in Antioch, the property is identified with R-6 zoning and postal code 94509. The restaurant and grocery components have operated together for more than 32 years, providing an established mixed-use business configuration with residential space on site.
Located at 1903 D St in Antioch, the property is identified with R-6 zoning and postal code 94509. The restaurant and grocery components have operated together for more than 32 years, providing an established mixed-use business configuration with residential space on site.
Key Highlights
- 4,363‑square‑foot mixed‑use property with restaurant, grocery store, and residential apartment
- Restaurant includes commercial kitchen, active permits, and inventory
- Business and real estate offered together
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
4.96%
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 4.96%
Second Best
Apartment 5plus
$991.8K
$867.9K – $1.16M
NOI $69,429 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,513 @ 7.0% cap · market cap 5.97%
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
84k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 48%
Electronics 1%
Jack in the Box
Dining
19,477 visits/mo
0.4 miles
Wendy's
Dining
15,093 visits/mo
0.3 miles
Wells Fargo
Shops & Services
14,428 visits/mo
0.3 miles
Taco Bell
Dining
8,895 visits/mo
0.2 miles
Chevron
Shops & Services
8,331 visits/mo
0.3 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Operating restaurant, grocery store, and apartment combine within a mixed-use property with on-site parking and commercial kitchen improvements.
Where is this mixed-use property located?
The property is located at 1903 D St Antioch, CA.
What is the asking price?
The asking price for this property is $1,549,900.
What are key features of this property?
This property features: 4,363‑square‑foot mixed‑use property with restaurant, grocery store, and residential apartment; Restaurant includes commercial kitchen, active permits, and inventory; Business and real estate offered together
