Mixed-Use Property For
2901 Cutting Boulevard Richmond, CA 94804
For Sale
$975,000
Mixed-use property with retail and residential units, investment opportunity.
Property Size3,696 SF
Lot Size0.11 Acres
Price / SF$263.80
Days on Market694
Property Features for 2901 Cutting Boulevard
General Information
Standard status
Active
Size
3,696 SF
Lot size
0.11 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1963
Listing Agency:
Compass
(650) 670-2887
Listed By:
Hatim M. Elmashni · License #01484398
(650) 670-2887
Source:
Exitrealty
Added: Sep 4, 2024
Changed: Jul 6
Last Checked: Jul 29 at 5:52AM
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 mixed-use property presents an investment opportunity, featuring a retail space on the main level and two residential units on the second floor. The property offers a solid income stream. The total property size is 3696 square feet. Seller financing options may be considered.
Key Highlights
- Solid income generation from mixed‑use property.
- Retail space on the main level.
- Two residential units on the second floor.
Financial Insights For Apartment 5plus
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 | $103.3k | $27.96 |
| − Vacancy | −$6.0k | −$1.62 |
| EGI | $97.3k | $26.34 |
| − OpEx | −$43.8k | −$11.85 |
| NOI | $53.5k | $14.49 |
3,696 SF · lease $27.96/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$764.9K
$669.3K – $892.4K
NOI $53,541 @ 7.0% cap · market cap 5.49%
Second Best
Retail
$710.2K
$621.4K – $828.6K
NOI $49,713 @ 7.0% cap · market cap 5.10%
Theoretical Best
Multifamily LT 5
$883.0K
$772.6K – $1.03M
NOI $61,807 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with retail and residential units, investment opportunity.
Where is this mixed-use property located?
The property is located at 2901 Cutting Boulevard Richmond, CA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Solid income generation from mixed‑use property.; Retail space on the main level.; Two residential units on the second floor.
