1600 Kearney St, El Cerrito, CA
Office building with development potential near BART and shopping.
- Added:
- Apr 2, 2025
- Days on Market:
- 438
- Last Refresh:
- May 20 at 8:33 pm
Property Features for 1600 Kearney St
General Information
- Standard status
- Active
- Size
- 9,392 SF
- Lot size
- 0.45 Acres
- Property subtype
- OFFICE
Listing agent Davide Pio License #01522969
Listing office Baniqued Commercial Real Estate (510) 222-0900
Listing date Apr 2, 2025
Source Moodyscre
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HighLights
- TOHIMU zoning allows for potential development of 45+ units/acre.
- Owner‑user or investor opportunity with flexible usage options.
- Potential for rental income while occupying part of the space.
- Opportunity to increase rents to market rates.
- Great location near BART and shopping.
- Building divided into four separate suites with long‑term tenants.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $276.1k | $29.40 |
| − Vacancy | −$49.7k | −$5.29 |
| EGI | $226.4k | $24.11 |
| − OpEx | −$56.6k | −$6.03 |
| NOI | $169.8k | $18.08 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- El Cerrito
- County
- Contra Costa
- State
- California
- Longitude
- -122.314
- Latitude
- 37.9213