Richmond Warehouse in Green
For Sale
$1,300,000
10301034 Ohio Ave, Richmond, CA 94804
Versatile warehouse in Richmond's Green Zone, ideal for various uses.
Property Size7,425 SF
Price / SF$175.08
Days on Market146
Property Features for 10301034 Ohio Ave
General Information
Standard status
Active
Size
7,425 SF
Building Details
Year Built
1957
Listing Agency:
Pinnacle Real Estate Group
Listed By:
Mason Zhao · License #02103122
(626) 262-3670
Source:
Myfabuloushome
Added: Apr 24
Changed: Sep 6
Last Checked: Sep 15 at 10:50PM
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 Pinnacle Real Estate Group
Investment Insights
Based on property information with market context.
This approximately 7,425 square foot commercial warehouse is located in Richmond's Green Zone. The industrial property is suitable for operators, investors, or owner-users. The main level includes an entry foyer, multiple private offices, a break room, and a full kitchen. The building contains three half baths and two full baths. The property features expansive warehouse and dual garage bays, suitable for cultivation, manufacturing, or distribution. Two upper-level attic spaces provide additional square footage for storage or potential conversion. Located on Ohio Avenue, the property offers convenient access to Interstate 580, connecting to the East Bay and San Francisco. The location has a bike score of 58, indicating it is bikeable, a walk score of 73, indicating it is very walkable, and a transit score of 53, indicating good transit options.
Key Highlights
- ±7,425 sq ft commercial warehouse ideal for operators, investors, or owner‑users.
- Expansive warehouse and dual garage bays ideal for cultivation, manufacturing, or distribution.
- Convenient access to Interstate 580, connecting to the East Bay, San Francisco, and beyond.
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
—
—
no second resolved use
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
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
960
Businesses Nearby
Under-served
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
Check the figures for this property
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
- Dreisbach Cold Storage — 3151 Regatta Blvd, Richmond, CA 94804
- Public Storage — 398 Carlson Blvd, Richmond, CA 94804
Frequently Asked Questions
What type of property is this?
Warehouse - Versatile warehouse in Richmond's Green Zone, ideal for various uses.
Where is this warehouse located?
The property is located at 10301034 Ohio Ave 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: ±7,425 sq ft commercial warehouse ideal for operators, investors, or owner‑users.; Expansive warehouse and dual garage bays ideal for cultivation, manufacturing, or distribution.; Convenient access to Interstate 580, connecting to the East Bay, San Francisco, and beyond.
