Versatile Warehouse
For Sale
$1,300,000
1030-1034 Ohio Avenue, Richmond, CA 94804
Warehouse with flexible zoning in Richmond’s Green Zone, offering convenient walk and transit access for industrial users.
Property Size7,425 SF
Price / SF$175.08
Days on Market129
Property Features for 1030-1034 Ohio Avenue
General Information
Standard status
Active
Size
7,425 SF
Property subtype
Commercial/Industrial
Financials
Business Included
Yes
Opportunity Zone
Yes
Building Details
Year Built
1957
Listing Agency:
LPT Realty
(877) 366-2213
Listed By:
Vinson Trac · License #01835996
(415) 846-8456
Source:
Exitrealty
Added: Jun 7
Changed: Sep 11
Last Checked: Sep 15 at 6:06AM
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 LPT Realty
Investment Insights
Based on property information with market context.
This offering comprises a warehouse property at 1030-1034 Ohio Ave, Richmond, CA 94804. The site is presented as versatile for business operations, with ample space and flexible zoning noted in the public remarks. It is marketed as a combined package covering two addresses, suitable for buyers seeking an industrial-style property with room to adapt.
The property is located in Richmond’s Green Zone. Walk and transit connectivity are also referenced through a 73 walk score and 53 transit score, supporting access for staff and related day-to-day needs. Bikeability is indicated with a bike score of 58.
For industrial buyers or operators, the combination of warehouse space and “flexible zoning” positioning may be useful when planning storage, distribution, or other warehouse-based uses. Interested parties should review zoning and permitting requirements to confirm the specific activities they plan to run on-site, as those details are not provided in the remarks.
The property is located in Richmond’s Green Zone. Walk and transit connectivity are also referenced through a 73 walk score and 53 transit score, supporting access for staff and related day-to-day needs. Bikeability is indicated with a bike score of 58.
For industrial buyers or operators, the combination of warehouse space and “flexible zoning” positioning may be useful when planning storage, distribution, or other warehouse-based uses. Interested parties should review zoning and permitting requirements to confirm the specific activities they plan to run on-site, as those details are not provided in the remarks.
Key Highlights
- Warehouse property at 1030–1034 Ohio Ave in Richmond, CA, built in 1957
- Located in Richmond’s Green Zone, with flexible zoning for industrial users
- BikeScore 58 (bikeable), WalkScore 73 (very walkable), and TransitScore 53 (good transit)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,644
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$992,880
$992.9K
Cap Rate 7%
$709,200
$709.2K
Cap Rate 9%
$551,600
$551.6K
Market Conditions
NOI Build-Up for 7,425 SF
Gross rent
$61.5K $8.28/SF
− Vacancy
−$3.1K −$0.41/SF
EGI
$58.4K $7.87/SF
− OpEx
−$8.8K −$1.18/SF
NOI
$49.6K $6.69/SF
Area
Richmond, CA
Vacancy
5.00%
Lease Rate
$8.28 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$992,880
Cap Rate 7%
$709,200
Cap Rate 9%
$551,600
Alternative Uses
Best Use
Warehouse
$709.2K
$620.6K – $827.4K
NOI $49,644 @ 7.0% cap · market cap 3.82%
Second Best
Industrial
$658.1K
$575.9K – $767.8K
NOI $46,070 @ 7.0% cap · market cap 3.54%
Theoretical Best
Multifamily LT 5
$1.77M
$1.55M – $2.07M
NOI $124,166 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,771
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 94804, CA
45,108
Population
16,659
Households
2.7
Avg Household Size
37
Median Age
32%
College-Educated
78%
High-School Grad
6.5 sq mi
ZIP Area
6,940
Density / Sq Mi
$86,430
Median Household Income
$46,473
Median Earnings
$1,825
Median Rent
$618,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
- SFC Moving Co — 1430 Cutting Blvd, Richmond, CA 94804
- StoragePRO Self Storage of Richmond — 101 W Cutting Blvd, Richmond, CA 94804
- Interstate Storage Richmond — 720 National Ct, Richmond, CA 94804
- Foster Van Lines, Inc. — 167 S 2nd St, Richmond, CA 94804
- North American Van Lines — 167 S 2nd St C, Richmond, CA 94804
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with flexible zoning in Richmond’s Green Zone, offering convenient walk and transit access for industrial users.
Where is this warehouse located?
The property is located at 1030-1034 Ohio Avenue Richmond, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Warehouse property at 1030–1034 Ohio Ave in Richmond, CA, built in 1957; Located in Richmond’s Green Zone, with flexible zoning for industrial users; BikeScore 58 (bikeable), WalkScore 73 (very walkable), and TransitScore 53 (good transit)
