Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    37 Nicholl Ave Richmond, CA 94801

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $875,000

    Triplex in the heart of Point Richmond's Historical District.

    Lot size:
    0.08 Acres

    Property Features for 37 Nicholl Ave

    General Information

    Lot size
    0.08 Acres

    Building Details

    Year built
    1910

    We can help!

    Listing Contact
    Ruth Frassetto
    Ruth Frassetto
    Source: Elliman

    Listing Agent: Ruth Frassetto

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Point Richmond Historical District Triplex

    Located in the Point Richmond Historical District, this property is on the market for the first time in over four decades. The main house includes 2 bedrooms and 1 bath, featuring tall ceilings, built-ins, and a formal dining room. A lower-level 1-bedroom unit offers flexible use for guests or rental income. The detached rear cottage has 1 bedroom, 1 bath, and a ground-level 1-car garage. Private decks provide outdoor relaxation. Shared laundry facilities and a large storage shed are available. The property is located within walking distance of downtown shops, cafés, and restaurants. This vintage property offers income potential and convenient access to Marin County and the greater Bay Area.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Contra Costa
    State
    California
    Longitude
    -122.3863905
    Latitude
    37.9252342

    Nearby Similar for Sale

    • $995,000
      4,488 SF

      Richmond Quadruplex Investment Opportunity

      Fully occupied Richmond quadruplex with immediate cash flow and growth potential.
      1401 Bissell Ave, Richmond, CA 94801
      View Details
    • New
      $1,030,000
      4,124 SF

      Richmond Fourplex: Investment Opportunity

      Well-located, fully occupied Richmond fourplex with strong income potential.
      600 26Th St, Richmond, CA 94804
      View Details
    • New
      $640,000
      1,476 SF

      Richmond Duplex: Investment Opportunity

      Well-located duplex with immediate income and long-term rental potential.
      2620 Maricopa Ave, Richmond, CA 94804
      View Details
    • $399,000
      1,043 SF

      Richmond Duplex Investment Opportunity

      Lowest priced duplex investment property in Richmond with immediate rental income.
      421 Barrett Ave, Richmond, CA 94801
      View Details
    • $599,000
      Pending

      Richmond Multifamily Property For Sale

      Multifamily property in Richmond, CA, with recent roof and parking.
      1317 Chanslor Ave, Richmond, CA 94801
      View Details
    • $525,000
      1,425 SF

      Richmond Duplex Opportunity

      Two-unit duplex in Richmond, CA, ideal for investors or owners.
      435-437 Duboce Ave, Richmond, CA 94801
      View Details
    • $699,000
      1,332 SF

      Richmond Duplex: Income and Convenience

      Centrally located Richmond duplex with income potential and easy commute.
      1003-1011 Lassen St, Richmond, CA 94805
      View Details
    • $1,800,000
      3,256 SF

      Remodeled Units with Bay Views

      Four-unit property in Point Richmond with remodeled units and bay views.
      620 Golden Gate Ave, Richmond, CA 94801
      View Details
    • $4,988,800
      12,255 SF

      Richmond Retail Pad For Sale

      Retail pad in a Target-anchored shopping center.
      4200 Macdonald Ave, Richmond, CA 94805
      View Details
    • $3,865,750
      15,463 SF

      Point Richmond Historical District Building

      Unique investment opportunity in an amenity-rich, walkable location.
      151-157 Park Pl, Richmond, CA 94801
      View Details
    • $3,985,000
      12,000 SF

      Mixed-Use Building with Renovated Units

      Income-producing mixed-use property with renovated residential and commercial spaces.
      147 W Richmond Ave, Richmond, CA 94801
      View Details
    • $820,000
      1,875 SF

      Versatile Mixed-Use Property For Sale

      Fully leased mixed-use property with residential and commercial units.
      12274 San Pablo Ave, Richmond, CA 94805
      View Details

    FAQs

    What type of property is this?
    Triplex - Triplex in the heart of Point Richmond's Historical District.
    Where is this triplex located?
    The property is located at 37 Nicholl Ave Richmond, CA.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: - Income potential from lower-level unit and detached cottage.; - Prime location in the heart of the Point Richmond Historical District.; - Main house with desirable features: tall ceilings, built-ins, and formal dining room.
    (510) 697-8606
    Request Owner's contact information
    37 Nicholl Ave Richmond, CA 94801
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    37 Nicholl Ave
    Richmond, CA 94801
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    37 Nicholl Ave Richmond, CA 94801
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ruth Frassetto
    Ruth Frassetto
    (510) 697-8606
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.