Alameda Mixed-Use Building For
1203 Benton St, Alameda, CA 94501
For Sale
$2,100,000
Mixed-use building with commercial and residential units in Alameda.
Property Size6,568 SF
Days on Market938
Property Features for 1203 Benton St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Listing Agency:
Green Bridge Properties
Listed By:
Vincent Tore San Nicolas · License #01230063
(510) 910-5204
Source:
Realestatenovo
Added: Apr 15, 2024
Changed: Oct 16
Last Checked: Nov 6 at 6:41PM
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 Green Bridge Properties
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Investment Insights
Based on property information with market context.
This classic mixed-use building is centrally located in the heart of Alameda, specifically in the historic Morton St station area. The property features a combination of commercial and residential spaces, including 3 commercial units and 5 residential apartments. Its location borders the desirable Gold Coast neighborhood. The commercial spaces are occupied by The Benton, a local bar occupying 2 units, and Elegant Nails. The residential component consists of 2 studio apartments, two 1-bedroom apartments, and a spacious upper 2-bedroom, 1-bath apartment. The property is situated within a short distance of local shops, Franklin Park, and public transportation.
Key Highlights
- Mixed‑use building with 3 commercial units and 5 residential apartments.
- Prime location in the heart of Alameda, near the historic Morton St station.
- Borders the desirable Gold Coast neighborhood.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,002
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,660,040
$2.7M
Cap Rate 7%
$1,900,029
$1.9M
Cap Rate 9%
$1,477,800
$1.5M
Market Conditions
NOI Build-Up for 6,568 SF
Gross rent
$236.4K $36.00/SF
− Vacancy
−$23.6K −$3.60/SF
EGI
$212.8K $32.40/SF
− OpEx
−$79.8K −$12.15/SF
NOI
$133.0K $20.25/SF
Area
Alameda County, CA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,660,040
Cap Rate 7%
$1,900,029
Cap Rate 9%
$1,477,800
Alternative Uses
Best Use
Retail
$29.94M
$26.20M – $34.93M
NOI $2,096,023 @ 7.0% cap · market cap 99.81%
Second Best
Mixed Use
$1.90M
$1.66M – $2.22M
NOI $133,002 @ 7.0% cap · market cap 6.33%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
937
Businesses Nearby
Explore this area
Business Placement
Demographics for 94501, CA
64,116
Population
27,117
Households
2.4
Avg Household Size
41
Median Age
58%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
8,015
Density / Sq Mi
$119,500
Median Household Income
$75,514
Median Earnings
$2,362
Median Rent
$1,213,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Alameda County, CA
Properties on Market for Mixed-use properties in Alameda County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with commercial and residential units in Alameda.
Where is this mixed-use property located?
The property is located at 1203 Benton St Alameda, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Mixed‑use building with 3 commercial units and 5 residential apartments.; Prime location in the heart of Alameda, near the historic Morton St station.; Borders the desirable Gold Coast neighborhood.
