El Cerrito Mixed-Use
For Sale
$1,900,000
1600 Kearney St, El Cerrito, CA 94530
Mixed-use property with investment and development potential in El Cerrito.
Property Size9,392 SF
Price / SF$202.30
Days on Market555
Property Features for 1600 Kearney St
General Information
Standard status
Active
Size
9,392 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$27,358
Amenities
3
Composition
TOHI
17 Parking Spaces.
Building Details
Year Built
1949
Listing Agency:
BCRE
(510) 222-0900
Listed By:
Davide Pio · License #01522969
Source:
Xome
Added: Feb 17, 2025
Changed: Aug 23
Last Checked: Aug 26 at 5:42AM
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 BCRE
Investment Insights
Based on property information with market context.
Located in the heart of the East Bay, 1600 Kearney in El Cerrito is a mixed-use property with investment and development potential. The building, formerly home to Cerrito Printing, is divided into four suites of varying sizes, all currently occupied by long-term tenants. The property is located within two miles of both El Cerrito Del Norte and El Cerrito Plaza BART stations, as well as Highway 80. Oakland and San Francisco, including their respective airports, are within a 10-to-25 mile distance. The property is suitable for a variety of buyers, including an owner-user who could occupy some or all of the space while retaining rental income, or an investor looking to bring rents to market rates. The property's TOHIMU zoning allows for 45+ units per acre. The property has a current cap rate of 5.30% and a GRM of 11.54, with a proforma cap rate of 8.10% and a GRM of 8.41. The property size is 9392 square feet.
Key Highlights
- Proforma Cap Rate of 8.10% indicates significant potential for increased profitability.
- TOHIMU zoning allows for high‑density development of 45+ units/acre.
- Located in the heart of the East Bay, close to El Cerrito Del Norte and El Cerrito Plaza BART stations, and Highway 80.
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
$145,811
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
7.67%
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%
$2,916,220
$2.9M
Cap Rate 7%
$2,083,014
$2.1M
Cap Rate 9%
$1,620,122
$1.6M
Market Conditions
NOI Build-Up for 9,392 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
$253.6K $27.00/SF
− Vacancy
−$20.3K −$2.16/SF
EGI
$233.3K $24.84/SF
− OpEx
−$87.5K −$9.32/SF
NOI
$145.8K $15.53/SF
Area
Contra Costa County, CA
Vacancy
8.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
37.50%
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%
$2,916,220
Cap Rate 7%
$2,083,014
Cap Rate 9%
$1,620,122
Alternative Uses
Best Use
Mixed Use
$2.08M
$1.82M – $2.43M
NOI $145,811 @ 7.0% cap · market cap 7.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.55M
$3.11M – $4.14M
NOI $248,512 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
870
Businesses Nearby
Explore this area
Business Placement
Demographics for 94530, CA
26,360
Population
11,404
Households
2.3
Avg Household Size
43
Median Age
66%
College-Educated
96%
High-School Grad
4.3 sq mi
ZIP Area
6,130
Density / Sq Mi
$127,731
Median Household Income
$66,739
Median Earnings
$2,434
Median Rent
$1,097,300
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with investment and development potential in El Cerrito.
Where is this mixed-use property located?
The property is located at 1600 Kearney St El Cerrito, CA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Proforma Cap Rate of 8.10% indicates significant potential for increased profitability.; TOHIMU zoning allows for high‑density development of 45+ units/acre.; Located in the heart of the East Bay, close to El Cerrito Del Norte and El Cerrito Plaza BART stations, and Highway 80.
