Second-Floor Office
For Sale
Contact for pricing
1017 MacDonald Ave, Richmond, CA 94801
The office layout includes five private offices, a conference room, reception area, and air conditioning.
Property Size3,140 SF
Price / SF$1.70
Days on Market231
Property Features for 1017 MacDonald Ave
General Information
Standard status
Active
Size
3,140 SF
Net Rentable
3,140 SF
Property subtype
Comm Ind For Lease
Space & Availability
Floor
2
Condition
Built-Out
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Property Use
Office
Building Details
Year Built
1940
Buildings
1
Listing Agency:
Winkler Real Estate Group
Listed By:
Luther Martin · License #01300553
(510) 367-8048
Source:
Jpnrealty
Added: Mar 16
Changed: Oct 31
Last Checked: Nov 1 at 5:33AM
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 Winkler Real Estate Group
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Investment Insights
Based on property information with market context.
This second-floor office unit spans approximately 3,140 square feet and has completed a seismic upgrade. Its plan includes a reception area, five offices, a file room, a telecommunications room, a copier and work area, two restrooms, and a paneled conference room. Several of the larger offices can be divided. The space also has acoustic ceilings, HVAC with air conditioning, and structural infrastructure for a potential elevator. Stair access is available from both Macdonald Avenue and the Market Square parking lot.
The property is approximately half a block from Kaiser Richmond Medical Center, 50 feet from Harbor Way, and 2.5 blocks from BART.
The property is approximately half a block from Kaiser Richmond Medical Center, 50 feet from Harbor Way, and 2.5 blocks from BART.
Key Highlights
- Approximately 3,140 square feet on the second floor
- Seismic upgrade completed
- Five offices, with several larger rooms divisible into smaller offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,935
Suggested Prices Based on Cap Rates
Cap Rate 5%
$778,700
$778.7K
Cap Rate 7%
$556,214
$556.2K
Cap Rate 9%
$432,611
$432.6K
Market Conditions
NOI Build-Up for 3,140 SF
Gross rent
$62.2K $19.80/SF
− Vacancy
−$10.3K −$3.27/SF
EGI
$51.9K $16.53/SF
− OpEx
−$13.0K −$4.13/SF
NOI
$38.9K $12.40/SF
Area
Richmond, CA
Vacancy
16.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$778,700
Cap Rate 7%
$556,214
Cap Rate 9%
$432,611
Alternative Uses
Best Use
Office B
$556.2K
$486.7K – $648.9K
NOI $38,935 @ 7.0% cap · market cap 729.39%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$750.1K
$656.4K – $875.2K
NOI $52,509 @ 7.0% cap · market cap 983.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,687
Businesses Nearby
Explore this area
Business Placement
Demographics for 94801, CA
33,486
Population
11,012
Households
3
Avg Household Size
34
Median Age
19%
College-Educated
69%
High-School Grad
11.5 sq mi
ZIP Area
2,912
Density / Sq Mi
$75,786
Median Household Income
$40,435
Median Earnings
$1,608
Median Rent
$593,500
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - The office layout includes five private offices, a conference room, reception area, and air conditioning.
Where is this office unit located?
The property is located at 1017 MacDonald Ave Richmond, CA.
What are key features of this property?
This property features: Approximately 3,140 square feet on the second floor; Seismic upgrade completed; Five offices, with several larger rooms divisible into smaller offices
