Historic Office Property in
2131 San Pablo Avenue Pinole, CA 94564
2131 San Pablo Avenue, Pinole, CA, 94564
$749,000
For Sale
$749,000
Unique commercial office property in Old Town Pinole.
Property Size2,652 SF
Lot Size0.14 Acres
Price / SF$282.43
Days on Market980
Property Features for 2131 San Pablo Avenue
General Information
- Standard status
- Active
- Size
- 2,652 SF
- Lot size
- 0.14 Acres
- Property subtype
- Commercial
Listing Agency
COMPASS
(415) 660-9955
Listed by
KELLY D MINCHEN
Source
Corcoran
Added: Nov 14, 2023 Updated: Jul 6 at 10:13 am Checked: Jul 19 at 4:12 am
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 COMPASS
Investment Insights
Based on property information with market context.
This commercial office property, located in Old Town Pinole, was originally built in the late 1800s as one of the area's first churches. The 2,652 square foot space features high ceilings, large stained glass windows, a grand spiral staircase, and classical fixtures. The interior includes office and conference rooms, a reception area, and two bathrooms. A vintage-inspired kitchen includes a stove. The property is located near cafes, shopping, and the coastline.
Key Highlights
- Prime location in desirable Old Town Pinole, close to cafes, shopping, and the coastline.
- Unique historic building, originally one of the area's first churches (built in the late 1800s).
- Light‑filled interior with high ceilings and large stained glass windows.
Local 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 | $78.0k | $29.40 |
| − Vacancy | −$14.0k | −$5.29 |
| EGI | $63.9k | $24.11 |
| − OpEx | −$16.0k | −$6.03 |
| NOI | $48.0k | $18.08 |
2,652 SF · lease $29.40/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$685.0K
$599.4K – $799.2K
NOI $47,951 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.00M
$877.2K – $1.17M
NOI $70,172 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dennis L Lorette ...
Tax Preparation
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FAQs
What type of property is this?
Office building - Unique commercial office property in Old Town Pinole.
Where is this office building located?
The property is located at 2131 San Pablo Avenue Pinole, CA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Prime location in desirable Old Town Pinole, close to cafes, shopping, and the coastline.; Unique historic building, originally one of the area's first churches (built in the late 1800s).; Light‑filled interior with high ceilings and large stained glass windows.
