Historic Point Richmond Mixed-Use
1 Richmond Avenue Richmond, CA 94801
1 Richmond Avenue, Richmond, CA, 94801
$3,150,000
For Sale
$3,150,000
Mixed-use property with SRO units and retail in Point Richmond.
Property Size9,434 SF
Price / SF$333.90
Days on Market394
Property Features for 1 Richmond Avenue
General Information
- Standard status
- Active
- Size
- 9,434 SF
Building Details
- Year Built
- 1914
Listing Agency
RE/MAX ACCORD
(669) 238-8878
Listed by
MARK CALOCA
Source
Corcoran
Added: Jun 19, 2025 Checked: Jul 9 at 2:38 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX ACCORD
Investment Insights
Based on property information with market context.
The J.G. Gerlach Building, constructed in 1914, offers an investment opportunity with current income and future potential. This mixed-use property features 38 single-room occupancy (SRO) units and two leased ground-floor retail spaces. The property is located in Point Richmond, characterized by bay views, marinas, and rolling hills. The area provides access to Keller Beach and the Miller/Knox Regional Shoreline, which includes trails and picnic areas. The downtown area features cafes, restaurants, galleries, and boutique shops. The two street-level retail spaces are occupied by a hair salon and a nail salon, generating commercial rental income. The property has a size of 9434 square feet.
Key Highlights
- Strong current income and significant future upside potential.
- Mixed‑use property with 38 SRO units and 2 fully leased retail spaces.
- Located in the heart of desirable Point Richmond, a scenic bayside enclave.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $263.8k | $27.96 |
| − Vacancy | −$15.3k | −$1.62 |
| EGI | $248.5k | $26.34 |
| − OpEx | −$111.8k | −$11.85 |
| NOI | $136.7k | $14.49 |
9,434 SF · lease $27.96/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.95M
$1.71M – $2.28M
NOI $136,662 @ 7.0% cap · market cap 4.34%
Second Best
Retail
$1.81M
$1.59M – $2.11M
NOI $126,892 @ 7.0% cap · market cap 4.03%
Theoretical Best
Multifamily LT 5
$2.25M
$1.97M – $2.63M
NOI $157,762 @ 7.0% cap · market cap 5.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hurlbut Tennis & Garden ...
Sports Field & Court
Elevate Healing IV ...
Alternative Medicine Practice
Coco Ink Beauty ...
Medical Clinic
iHouses
Charitable Organization
Richmond Plunge
Swimming Pool
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with SRO units and retail in Point Richmond.
Where is this mixed-use property located?
The property is located at 1 Richmond Avenue Richmond, CA.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: Strong current income and significant future upside potential.; Mixed‑use property with 38 SRO units and 2 fully leased retail spaces.; Located in the heart of desirable Point Richmond, a scenic bayside enclave.
