El Cerrito Retail Investment
For Sale
Contact for pricing
10680 San Pablo Ave, El Cerrito, CA
Retail property with long-term tenancy and high customer count.
Property Size6,300 SF
Lot Size0.42 Acres
Price / SF$393.28
Days on Market1012
Property Features for 10680 San Pablo Ave
General Information
Standard status
Active
Size
6,300 SF
Lot size
0.42 Acres
Property subtype
RETAIL
Listing Agency:
Colliers | Walnut Creek
(925) 279-0120
Listed By:
Eric Erickson, CCIM, SIOR
(925) 279-5580
Source:
Moodyscre
Added: Dec 6, 2023
Changed: Aug 15
Last Checked: Sep 13 at 7:08AM
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 Colliers | Walnut Creek
Investment Insights
Based on property information with market context.
This retail property features a tenancy of over 20 years, recently renewed for an additional 10 years. The location benefits from left-turn access and excellent visibility. The property is 6,300 square feet and is located on San Pablo Ave in El Cerrito, CA. According to the provided information, this location has the highest customer count per OAP.
Key Highlights
- 10‑Year Lease Renewal: Enjoy long‑term, stable income with this property.
- High Customer Count: Benefit from a tenant with strong business performance.
- 20+ Year Tenancy: A proven and reliable tenant ensures consistent returns.
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
$161,103
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
6.50%
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%
$3,222,060
$3.2M
Cap Rate 7%
$2,301,471
$2.3M
Cap Rate 9%
$1,790,033
$1.8M
Market Conditions
NOI Build-Up for 6,300 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
$245.7K $39.00/SF
− Vacancy
−$15.6K −$2.47/SF
EGI
$230.1K $36.53/SF
− OpEx
−$69.0K −$10.96/SF
NOI
$161.1K $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%
$3,222,060
Cap Rate 7%
$2,301,471
Cap Rate 9%
$1,790,033
Alternative Uses
Best Use
Retail
$2.30M
$2.01M – $2.69M
NOI $161,103 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.38M
$2.08M – $2.78M
NOI $166,698 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
989
Businesses Nearby
48k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Dining 26%
Hotels & Casinos 3%
Bank of America
Shops & Services
9,614 visits/mo
0.3 miles
7-Eleven
Shops & Services
7,555 visits/mo
0.4 miles
Exxon
Shops & Services
7,347 visits/mo
0.1 miles
O'Reilly Auto Parts
Shops & Services
6,786 visits/mo
0.1 miles
Baskin-Robbins
Dining
5,715 visits/mo
0.1 miles
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property with long-term tenancy and high customer count.
Where is this retail space located?
The property is located at 10680 San Pablo Ave El Cerrito, CA.
What is the asking price?
The asking price for this property is $2,477,635.
What are key features of this property?
This property features: 10‑Year Lease Renewal: Enjoy long‑term, stable income with this property.; High Customer Count: Benefit from a tenant with strong business performance.; 20+ Year Tenancy: A proven and reliable tenant ensures consistent returns.
