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    Versatile Mixed-Use Property For Sale Title is generated by Realmo AI

    12274 San Pablo Ave, Richmond, CA 94805

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    For Sale
    $820,000

    Fully leased mixed-use property with residential and commercial units.

    Property size:
    1,875 SF
    Price / SF:
    $437/SF
    Added:
    Jun 21, 2025
    Days on Market:
    349
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 12274 San Pablo Ave

    General Information

    Standard status
    Active
    Size
    1,875 SF

    Building Details

    Year Built
    1929

    We can help!

    Listing Contact
    KATERINA SELLIS

    Listing agent KATERINA SELLIS

    Listing office REAL BROKER

    Listing date Jun 21, 2025

    Source Corcoran

    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 REAL BROKER

    HighLights

    • Fully leased mixed‑use property providing immediate income.
    • High‑traffic location on San Pablo Ave, ideal for commercial tenants.
    • Three long‑term tenants in place.
    • Separate gas and electric meters for each unit.
    • Versatile building with a barber shop, tax prep office, and loft unit.
    • Loft unit features a private entrance, full kitchen, 1 bedroom, bathroom, and backyard.

    Overview

    Located at 12274 San Pablo Ave in Richmond, CA, this mixed-use property offers both residential and commercial spaces within a single, fully leased building. The single-story structure, encompassing approximately 1,875 square feet, is situated on a lot of approximately 2,800 square feet. Its location along a high-traffic retail corridor makes it suitable for investors and owner-users alike. The property is zoned for mixed-use and is currently fully leased with three long-term tenants. Each unit has separate gas and electric meters. The building features wood construction and brick. The barber shop unit, approximately 625 square feet, has an open floor plan with a kitchenette, restroom, storage area, and laundry room with hook-ups. It benefits from natural light provided by clerestory windows and a sun tunnel, and features 14-foot ceilings. The tax preparation office, also approximately 625 square feet, offers an efficient layout with an open floor plan, restroom, and rear storage, and features 8-foot ceilings. The loft unit, approximately 625 square feet, has a separate private entrance, an open layout with a full kitchen, one bedroom, a bathroom, and a backyard, and features 14-foot ceilings.
    Property Profile Location Intelligence

    Current Use by Public Records

    Your Search Is ... Barber Shop Noah Warehouse & Storage Matthew Warehouse & Storage Taylor Warehouse & Storage John Warehouse & Storage

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Contra Costa
    State
    California
    Longitude
    -122.325
    Latitude
    37.9349

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    FAQs

    What type of property is this?
    Mixed-use property - Fully leased mixed-use property with residential and commercial units.
    Where is this mixed-use property located?
    The property is located at 12274 San Pablo Ave Richmond, CA.
    What is the asking price?
    The asking price for this property is $820,000.
    What are key features of this property?
    This property features: Fully leased mixed‑use property providing immediate income.; High‑traffic location on San Pablo Ave, ideal for commercial tenants.; Three long‑term tenants in place.
    We can help!
    Listing Contact
    KATERINA SELLIS
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    12274 San Pablo Ave, RICHMOND, CA 94805
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