Remodeled Office Building For
For Sale
$1,600,000
418 Wilson Ave, Richmond, CA 94805
Owner-occupied, remodeled office building with furniture and move-in readiness.
Property Size4,800 SF
Price / SF$333.33
Days on Market720
Property Features for 418 Wilson Ave
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Commercial
Amenities
Composition Roof
Court
Electric Heating
Guest Parking
Tile Flooring
Listing Agency:
CASA REALTY
(510) 233-4400
Listed By:
JAIME CASAREZ
Source:
Corcoran
Added: Nov 6, 2024
Changed: Oct 26
Last Checked: Oct 26 at 5:09PM
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 CASA REALTY
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is an owner-occupied office building that was remodeled in 2004 and is ready for immediate occupancy. The 4,800 square foot property is fully furnished with desks, chairs, a reception desk, and conference tables. Each office is equipped with an internet connection. The building includes five bathrooms, a full kitchen, and ample storage space.
Key Highlights
- Move‑in ready condition after 2004 remodel.
- Fully furnished with desks, chairs, reception desk, and conference tables.
- Internet connection available in each office.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,519
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,190,380
$1.2M
Cap Rate 7%
$850,271
$850.3K
Cap Rate 9%
$661,322
$661.3K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$95.0K $19.80/SF
− Vacancy
−$15.7K −$3.27/SF
EGI
$79.4K $16.53/SF
− OpEx
−$19.8K −$4.13/SF
NOI
$59.5K $12.40/SF
Area
Richmond, CA
Vacancy
16.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,190,380
Cap Rate 7%
$850,271
Cap Rate 9%
$661,322
Alternative Uses
Best Use
Office B
$850.3K
$744.0K – $992.0K
NOI $59,519 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.15M
$1.00M – $1.34M
NOI $80,269 @ 7.0% cap · market cap 5.02%
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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Current Use
Location Intelligence
Trade Area within ½ mile
895
Businesses Nearby
Explore this area
Business Placement
Demographics for 94805, CA
14,958
Population
6,076
Households
2.5
Avg Household Size
41
Median Age
44%
College-Educated
86%
High-School Grad
1.9 sq mi
ZIP Area
7,873
Density / Sq Mi
$114,191
Median Household Income
$57,133
Median Earnings
$2,272
Median Rent
$738,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Owner-occupied, remodeled office building with furniture and move-in readiness.
Where is this office building located?
The property is located at 418 Wilson Ave Richmond, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Move‑in ready condition after 2004 remodel.; Fully furnished with desks, chairs, reception desk, and conference tables.; Internet connection available in each office.
