Office Building with Studio
New
For Sale
$1,349,000
1210 Alhambra Ave, Martinez, CA 94553
Commercial Sale, Martinez, CA
Property Size4,424 SF
Lot Size0.10 Acres
Price / SF$304.93
Days on Market2
Property Features for 1210 Alhambra Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
commercial
Lot features
Corner Lot, Commercial, Neighborhood Commercial, Public Transport Nearby, Residential Area, Restaurant Nearby
Directions
Alhambra Avenue\Henrietta.
Subdivision
Listing
Standard status
Active
APN
3723730010
Size
4,424 SF
Lot size
0.10 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
private lobby
8 studio rooms
kitchenette/break room
full bathrooms
Building Details
Year built
1948
Floors in Building
1
Flooring type
Concrete, Vinyl, Carpet
Building materials
Stucco, Asphalt, Composition Shingles
Roof type
Composition
Listing Agency:
Dudum Real Estate Group
(925) 937-4000
Listed By:
Angela Lotman
(925) 301-6336
Added: Sep 25
Changed: Sep 26
Last Checked: Sep 26 at 7:06PM
MLS# 41149499
Copyright © 2026 Contra Costa Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,424-square-foot office building dates to 1948 and is arranged with private lobby areas, eight studio rooms, a kitchenette or break room, and full bathrooms. The property includes six private parking spaces and sits on a 0.1016-acre lot. Stucco exterior construction, composition-shingle roofing, forced-air heat, and central air conditioning are in place. Flooring includes vinyl, carpet, and concrete.
The property is a few blocks from Main Street and downtown Martinez shopping, dining, and the waterfront marina. It has public water and sewer service and commercial zoning.
The property is a few blocks from Main Street and downtown Martinez shopping, dining, and the waterfront marina. It has public water and sewer service and commercial zoning.
Key Highlights
- 4,424 square feet on a 0.1016‑acre lot
- Eight studio rooms, private lobby areas, a kitchenette or break room, and full bathrooms
- Six private parking spaces
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
$79,990
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
5.93%
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%
$1,599,800
$1.6M
Cap Rate 7%
$1,142,714
$1.1M
Cap Rate 9%
$888,778
$888.8K
Market Conditions
NOI Build-Up for 4,424 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
$130.1K $29.40/SF
− Vacancy
−$23.4K −$5.29/SF
EGI
$106.7K $24.11/SF
− OpEx
−$26.7K −$6.03/SF
NOI
$80.0K $18.08/SF
Area
Contra Costa County, CA
Vacancy
18.00%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
25.00%
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%
$1,599,800
Cap Rate 7%
$1,142,714
Cap Rate 9%
$888,778
Alternative Uses
Best Use
Office B
$1.14M
$999.9K – $1.33M
NOI $79,990 @ 7.0% cap · market cap 5.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,059 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
1,549
Businesses Nearby
Explore this area
Business Placement
Demographics for 94553, CA
49,756
Population
19,626
Households
2.5
Avg Household Size
42
Median Age
42%
College-Educated
94%
High-School Grad
61.6 sq mi
ZIP Area
808
Density / Sq Mi
$121,023
Median Household Income
$70,337
Median Earnings
$2,247
Median Rent
$781,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Multiple private rooms, lobby areas, and on-site parking support a flexible office layout.
Where is this office building located?
The property is located at 1210 Alhambra Ave Martinez, CA.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: 4,424 square feet on a 0.1016‑acre lot; Eight studio rooms, private lobby areas, a kitchenette or break room, and full bathrooms; Six private parking spaces
