Remodeled Office Building For
418 Wilson Ave Richmond, CA 94805
For Sale
$1,600,000
Owner-occupied, remodeled office building with furniture and move-in readiness.
Property Size4,800 SF
Price / SF$333.33
Days on Market627
Property Features for 418 Wilson Ave
General Information
- Standard status
- Active
- Size
- 4,800 SF
- Property subtype
- Commercial
Listing Agency:
CASA REALTY
(510) 233-4400
Listed By:
JAIME CASAREZ
Source:
Corcoran
Added: Nov 6, 2024
Changed: Jul 6
Last Checked: Jul 25 at 6:01AM
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
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 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 | $95.0k | $19.80 |
| − Vacancy | −$15.7k | −$3.27 |
| EGI | $79.4k | $16.53 |
| − OpEx | −$19.8k | −$4.13 |
| NOI | $59.5k | $12.40 |
4,800 SF · lease $19.80/SF/yr · vacancy 16.50% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Casa Realty
Real Estate Agency
FAQs
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.
