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 Market79
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
(415) 846-8456
Listed By:
Vinson Trac · License #01835996
(415) 846-8456
Source:
Exitrealty
Added: Jun 7
Changed: Aug 23
Last Checked: Aug 23 at 6:58AM
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 = 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
$49,644
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
3.82%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Interstate Storage Richmond — 720 National Ct, Richmond, CA 94804
- StoragePRO Self Storage of Richmond — 101 W Cutting Blvd, Richmond, CA 94804
- SFC Moving Co — 1430 Cutting Blvd, 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)
