Two-Unit Retail
12341 San Pablo Ave Richmond, CA 94805
For Sale
Contact for pricing
1971-built retail property with two units totaling 11,428 SF, zoned CM-3, offered for sale.
Property Size11,428 SF
Price / SF$271.26
Days on Market169
Property Features for 12341 San Pablo Ave
General Information
Standard status
Active
Size
11,428 SF
Property subtype
RETAIL
Listing Agency:
eXp Commercial - CA
(415) 802-1400
Listed By:
Brian Merrion · License #02325254
(415) 802-1400
Source:
Moodyscre
Added: Feb 10
Changed: Jul 28
Last Checked: Jul 28 at 4:22PM
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 eXp Commercial - CA
Investment Insights
Based on property information with market context.
This 11,428 SF retail building was constructed in 1971 and features two units suitable for retail use. The property is presented for sale as a single asset and offers a straightforward layout for multi-unit retail occupancy.
The building is located at 12341 San Pablo Ave in Richmond, CA 94805 and is zoned CM-3. The listing highlights the property’s retail configuration and local context for those seeking a commercial retail investment.
With two distinct units within one retail building, the asset may fit investors or operators looking for flexibility within a CM-3 retail framework.
The building is located at 12341 San Pablo Ave in Richmond, CA 94805 and is zoned CM-3. The listing highlights the property’s retail configuration and local context for those seeking a commercial retail investment.
With two distinct units within one retail building, the asset may fit investors or operators looking for flexibility within a CM-3 retail framework.
Key Highlights
- 11,428 SF retail building constructed in 1971
- Two units suitable for retail or street retail ventures
- Zoned CM‑3
Financial Insights For Retail
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 | $240.0k | $21.00 |
| − Vacancy | −$20.4k | −$1.79 |
| EGI | $219.6k | $19.22 |
| − OpEx | −$65.9k | −$5.76 |
| NOI | $153.7k | $13.45 |
11,428 SF · lease $21.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.20M
$1.92M – $2.56M
NOI $153,712 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.73M
$2.39M – $3.19M
NOI $191,107 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - 1971-built retail property with two units totaling 11,428 SF, zoned CM-3, offered for sale.
Where is this retail space located?
The property is located at 12341 San Pablo Ave Richmond, CA.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 11,428 SF retail building constructed in 1971; Two units suitable for retail or street retail ventures; Zoned CM‑3
