Building Details

Year Built 1951

Listing Agency: Compass Show Phone

Listed By: Michele Manzone · License #01028002 Show Phone

Source: Exitrealty

Added: Feb 9 Changed: Oct 6 Last Checked: Oct 5 at 2:59PM

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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 Compass

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Investment Insights

Based on property information with market context.

Two adjacent commercial properties are available on San Pablo Avenue near the El Cerrito border. One property, located at 10311 San Pablo, offers approximately 3950 square feet divided into two spaces. The second property, at 10317 San Pablo, provides approximately 1750 square feet and is currently vacant, making it suitable for an owner-user. Rear parking access is available from Columbia. The combined square footage of both buildings is approximately 5700 square feet.

Key Highlights

• Two properties side‑by‑side on San Pablo Ave near El Cerrito border.
• Total square footage of approximately 5700 sq ft.
• One property (approx. 1750 sq ft) is vacant and ideal for an owner‑user.**

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$145,760

Cap Rate

7.29%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,915,200 $2.9M

Cap Rate 7%

$2,082,286 $2.1M

Cap Rate 9%

$1,619,556 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,700 SF

Gross rent

$222.3K $39.00/SF

− Vacancy

−$14.1K −$2.47/SF

EGI

$208.2K $36.53/SF

− OpEx

−$62.5K −$10.96/SF

NOI

$145.8K $25.57/SF

Area

Contra Costa County, CA

Vacancy

6.33%

Lease Rate

$39.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,915,200

Cap Rate 7%

$2,082,286

Cap Rate 9%

$1,619,556

Alternative Uses

Best Use

Retail

$2.08M

$1.82M – $2.43M (±1% cap)

NOI $145,760 @ 7.0% cap · market cap 7.29%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.15M

$1.89M – $2.51M (±1% cap)

NOI $150,822 @ 7.0% cap · market cap 7.54%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Electrical Service Real Estate Agency HVAC Service Garden Center (Bike/Boat/Book/etc) Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,450

Businesses Nearby

220k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 43% Apparel 24% Dining 23% Home Improvements & Furnishings 6%

Marshalls Apparel

53,850 visits/mo 0.5 miles

Barnes & Noble Shops & Services

22,848 visits/mo 0.5 miles

Starbucks Dining

17,451 visits/mo 0.5 miles

76 Shops & Services

12,269 visits/mo 0.3 miles

Pastime Hardware Home Improvements & Furnishings

11,447 visits/mo 0.4 miles

Demographics for 94530, CA

26,360

Population

11,404

Households

2.3

Avg Household Size

43

Median Age

66%

College-Educated

96%

High-School Grad

4.3 sq mi

ZIP Area

6,130

Density / Sq Mi

$127,731

Median Household Income

$66,739

Median Earnings

$2,434

Median Rent

$1,097,300

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Retail Redevelopment Opportunity in El Cerrito

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Similar Off Market Nearby

• Nigella SF — 5221 Central Ave #3b, Richmond, CA 94804
• Golden Poppy Florist II — 7509 fairmount ave, el cerrito, ca 94530
• Golden Poppy Florist 2 — 7509 Fairmount Ave, El Cerrito, CA 94530
• Flower Films — 10341 San Pablo Ave, El Cerrito, CA 94530
• Russell Jacade Events, LLC — 10330 San Pablo Ave, El Cerrito, CA 94530

Frequently Asked Questions

What type of property is this?

Storefront property - Two commercial properties on San Pablo Ave, total 5700 sq ft.

Where is this storefront property located?

The property is located at 10311 San Pablo Ave El Cerrito, CA.

What is the asking price?

The asking price for this property is $1,999,950.

What are key features of this property?

This property features: Two properties side‑by‑side on San Pablo Ave near El Cerrito border.; Total square footage of approximately 5700 sq ft.; One property (approx. 1750 sq ft) is vacant and ideal for an owner‑user.**