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

    4223 1St St Pleasanton, CA 94566

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $295,000

    Established fast food restaurant for sale in Pleasanton, California.

    Building Details

    Year built
    1964

    We can help!

    Listing Contact
    Mike Fracisco
    Source: Elliman

    Listing Agent: Mike Fracisco

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

    Learn more

    Property Insight Report

    Overview

    Historic Restaurant Business Opportunity

    This is an opportunity to own Bob's Giant Burgers, an independent fast food restaurant established in 1971. The family-owned business is known throughout the Tri-Valley for its quality food and loyal customer following. It is one of the main anchor tenants in Pleasant Plaza Shopping Center, situated on 1st Street in Pleasanton. The location offers ample parking for customers and is within walking distance of Historic Downtown Pleasanton. The property is suitable for drive-through restaurants, restaurants, retail properties, and turn-key restaurant businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bob's Giant Burgers Hamburger Restaurant

    Suggested Use

    Law Firm Restaurant Realty agency 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
    Pleasanton
    County
    Alameda
    State
    California
    Longitude
    -121.8706356
    Latitude
    37.6629032

    Nearby Similar for Sale

    • $3,299,000
      7 SF

      Freestanding Office Building Near Hospital

      Single-story office building suitable for medical or general office use.
      4495 Stoneridge Dr | Pleasanton, Pleasanton, CA 94588
      View Details
    • Contact for pricing
      2,787 SF

      Pleasanton Office and Warehouse Space

      Office and warehouse space in a vibrant Pleasanton location.
      425 Boulder Ct, Pleasanton, CA 94566
      View Details
    • $2,850,000
      7,500 SF

      Light Industrial Condo For Sale

      7,500 SF light industrial condo with 24' clear height.
      440 Boulder Ct, Pleasanton, CA 94566
      View Details
    • $750,000
      1,798 SF

      Pleasanton Office Condo For Sale

      Two-story, 1,798 square foot Pleasanton office condo for sale.
      Boulder Ct, Pleasanton, CA 94566
      View Details
    • $2,812,400
      7,120 SF

      Valley Business Park Warehouse

      Warehouse with attractive suite interiors in Valley Business Park.
      1061 Serpentine Ln, Pleasanton, CA 94566
      View Details
    • Contact for pricing
      7,766 SF

      Pleasanton Office Building For Sale

      Office building with excellent parking, near BART, furniture included.
      5139-5145 Johnson Dr, Pleasanton, CA 94588
      View Details
    • $1,575,000

      Pleasanton Specialty Property For Sale

      Specialty property available for purchase in Pleasanton, California.
      4655 Augustine St, Pleasanton, CA 94566
      View Details
    • $1,800,000
      3,001 SF

      Pleasanton Office Condo For Sale

      3001 SF office condo available in Pleasanton, California.
      303-325 Ray St, Pleasanton, CA 94566
      View Details
    • $3,080,000
      7,595 SF

      Pleasanton Light Industry Building

      7,595 SF single-story light industrial building in Pleasanton, CA.
      3908 Valley Ave, Pleasanton, CA 94566
      View Details
    • $3,150,000
      7,306 SF

      Pleasanton Flex/Industrial Space Available

      7,306 SF flex/industrial property in Pleasanton, California for sale.
      6602 Owens Dr, Pleasanton, CA 94588
      View Details
    • $1,088,000

      Pleasanton Specialty Property For Sale

      Specialty property available for purchase in Pleasanton, California.
      238 Mavis Dr, Pleasanton, CA 94566
      View Details
    • $395,000

      Bob's Giant Burgers - Pleasanton

      Historic Fast Food Restaurant, Turnkey Opportunity
      4223 1St St, Pleasanton, CA 94566
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - Established fast food restaurant for sale in Pleasanton, California.
    Where is this drive through restaurant located?
    The property is located at 4223 1St St Pleasanton, CA.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - Established and well-known independent fast food restaurant (Bob's Giant Burgers) since 1971; - Prime location on busy 1st Street in Pleasanton; - Anchor tenant in Pleasant Plaza Shopping Center
    (925) 373-9592
    Request Owner's contact information
    4223 1St St Pleasanton, CA 94566
    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.
    4223 1St St
    Pleasanton, CA 94566
    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
    4223 1St St Pleasanton, CA 94566
    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
    Mike Fracisco
    (925) 373-9592
    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.