Light-Filled Office Building For
Railroad Ave Richmond, CA 94801
For Sale
$1,350,000
Charming office building with private garden access in Richmond.
Property Size3,361 SF
Lot Size0.09 Acres
Price / SF$401.67
Days on Market460
Property Features for Railroad Ave
General Information
Standard status
Active
Size
3,361 SF
Lot size
0.09 Acres
Property subtype
Commercial
Building Details
Year Built
1961
Listing Agency:
ROHNER REAL ESTATE
(510) 450-1424
Listed By:
ANDY ROHNER
Source:
Corcoran
Added: Apr 26, 2025
Changed: Jul 6
Last Checked: Jul 28 at 7:00AM
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 ROHNER REAL ESTATE
Investment Insights
Based on property information with market context.
This charming, light-filled office building features private offices with direct access to the front garden or rear decks. The property is suitable for single-tenant occupancy or can easily accommodate two separate spaces. Both floors include bathrooms, reception areas, and dedicated rooms for kitchenettes. The private offices are spacious and offer natural light. Convenient off-street parking is available across the street. The building is located a short walk through the neighboring breezeway to the businesses and eateries in the heart of Point Richmond. The property size is 3361 square feet.
Key Highlights
- Flexible layout suitable for single or dual occupancy.
- Convenient off‑street parking available.
- Prime location: walking distance to Point Richmond's businesses and restaurants.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.5k | $19.80 |
| − Vacancy | −$11.0k | −$3.27 |
| EGI | $55.6k | $16.53 |
| − OpEx | −$13.9k | −$4.13 |
| NOI | $41.7k | $12.40 |
3,361 SF · lease $19.80/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$595.4K
$521.0K – $694.6K
NOI $41,676 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$802.9K
$702.6K – $936.8K
NOI $56,205 @ 7.0% cap · market cap 4.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Charming office building with private garden access in Richmond.
Where is this office building located?
The property is located at Railroad Ave Richmond, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Flexible layout suitable for single or dual occupancy.; Convenient off‑street parking available.; Prime location: walking distance to Point Richmond's businesses and restaurants.
