Historic Point Richmond Mixed-Use
1 Richmond Avenue Richmond, CA 94801
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 Market406
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 · License #02146982
Source:
Corcoran
Added: Jun 19, 2025
Changed: Mar 16
Last Checked: Jul 9 at 2:38AM
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.
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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.
