Freestanding Retail
For Sale
Contact for pricing
1035 Contra Costa Blvd, Pleasant Hill, CA 94523
Freestanding 12,000 SF retail building is divisible for tenant needs and features dedicated corner parking shared on-site.
Property Size12,000 SF
Price / SF$483.33
Days on Market204
Property Features for 1035 Contra Costa Blvd
General Information
Standard status
Active
Size
12,000 SF
Property subtype
RETAIL
Additional Details
Traffic Count
15,513 vehicles/day
Listing Agency:
NAI | Northgate
(209) 477-4400
Listed By:
Chris Santana · License #01868378
(925) 203-1106
Source:
Moodyscre
Added: Feb 20
Changed: Sep 2
Last Checked: Sep 12 at 11:22AM
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 NAI | Northgate
Investment Insights
Based on property information with market context.
A 12,000 SF freestanding retail building at a highly visible corner intersection offers strong retail presence and flexibility, with space that can be divided to accommodate various tenant needs. The property includes dedicated parking, with 65 shared spaces (3.2/1,000 SF) available in conjunction with See’s Candies.
The site is located directly across from Sunvalley Shopping Center, a approximately 1.44 million SF retail, dining, and entertainment hub, supporting a steady flow of customer activity. The intersection on Contra Costa Boulevard is supported by approximately 15,513 ADT, and the property’s prominent position helps support signage opportunities.
With a dense residential draw—103,676 households within a 5-mile radius—the building is suited for retailers seeking established exposure and convenient access for customers.
The site is located directly across from Sunvalley Shopping Center, a approximately 1.44 million SF retail, dining, and entertainment hub, supporting a steady flow of customer activity. The intersection on Contra Costa Boulevard is supported by approximately 15,513 ADT, and the property’s prominent position helps support signage opportunities.
With a dense residential draw—103,676 households within a 5-mile radius—the building is suited for retailers seeking established exposure and convenient access for customers.
Key Highlights
- 12,000 SF freestanding retail building at the busiest intersection on Contra Costa Boulevard (±115,513 ADT).
- Corner location with dedicated parking, shared with See’s Candies; 65 shared spaces (3.2/1,000 SF).
- Building is divisible to accommodate various tenant needs.
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
$306,863
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
5.29%
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%
$6,137,260
$6.1M
Cap Rate 7%
$4,383,757
$4.4M
Cap Rate 9%
$3,409,589
$3.4M
Market Conditions
NOI Build-Up for 12,000 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
$468.0K $39.00/SF
− Vacancy
−$29.6K −$2.47/SF
EGI
$438.4K $36.53/SF
− OpEx
−$131.5K −$10.96/SF
NOI
$306.9K $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 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%
$6,137,260
Cap Rate 7%
$4,383,757
Cap Rate 9%
$3,409,589
Alternative Uses
Best Use
Retail
$4.38M
$3.84M – $5.11M
NOI $306,863 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.54M
$3.97M – $5.29M
NOI $317,520 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
15,513 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,433
Businesses Nearby
267k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 80%
Dining 9%
Groceries 5%
Shops & Services 4%
Macy's
Apparel
176,668 visits/mo
0.4 miles
Sears
Apparel
32,266 visits/mo
0.3 miles
Starbucks
Dining
13,476 visits/mo
0.1 miles
See's Candies
Groceries
12,174 visits/mo
0.1 miles
Outback Steakhouse
Dining
10,673 visits/mo
0.4 miles
Demographics for 94523, CA
35,272
Population
14,585
Households
2.4
Avg Household Size
42
Median Age
56%
College-Educated
96%
High-School Grad
7.2 sq mi
ZIP Area
4,899
Density / Sq Mi
$142,622
Median Household Income
$74,832
Median Earnings
$2,479
Median Rent
$1,038,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding 12,000 SF retail building is divisible for tenant needs and features dedicated corner parking shared on-site.
Where is this retail space located?
The property is located at 1035 Contra Costa Blvd Pleasant Hill, CA.
What is the asking price?
The asking price for this property is $5,800,000.
What are key features of this property?
This property features: 12,000 SF freestanding retail building at the busiest intersection on Contra Costa Boulevard (±115,513 ADT).; Corner location with dedicated parking, shared with See’s Candies; 65 shared spaces (3.2/1,000 SF).; Building is divisible to accommodate various tenant needs.
