Retail Space on San
For Sale
$499,950
12441 San Pablo Avenue, Richmond, CA 94805
Retail space with tenant and parking in front.
Property Size2,000 SF
Price / SF$249.98
Days on Market143
Property Features for 12441 San Pablo Avenue
General Information
Standard status
Active
Size
2,000 SF
Zoning
Commercial
Amenities
Common, On Street
Building Details
Building Size
2,000 SF
Year Built
1962
Stories
1
Listing Agency:
(510) 685-5941
Listed By:
Donald Quintal
(510) 685-5941
Source:
Evrealestate
Added: Apr 10
Changed: Aug 23
Last Checked: Aug 29 at 6:09AM
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 Donald Quintal
Investment Insights
Based on property information with market context.
The property is currently used as a barber shop and hair salon. The seller is in the process of vacating the warehouse. There is a tenant who pays $1,500 per month and assists the owner with maintaining the warehouse. Parking is available in front of the building. The bike score is 59, indicating it is bikeable. The walk score is 71, indicating it is very walkable. The transit score is 41, indicating some transit options are available.
Key Highlights
- Existing tenant provides $1,500 monthly income.
- Tenant assists with warehouse maintenance.
- Building has parking in front.
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
$26,901
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
5.38%
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%
$538,020
$538.0K
Cap Rate 7%
$384,300
$384.3K
Cap Rate 9%
$298,900
$298.9K
Market Conditions
NOI Build-Up for 2,000 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
$42.0K $21.00/SF
− Vacancy
−$3.6K −$1.79/SF
EGI
$38.4K $19.22/SF
− OpEx
−$11.5K −$5.76/SF
NOI
$26.9K $13.45/SF
Area
Richmond, CA
Vacancy
8.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
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%
$538,020
Cap Rate 7%
$384,300
Cap Rate 9%
$298,900
Alternative Uses
Best Use
Retail
$384.3K
$336.3K – $448.4K
NOI $26,901 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$477.8K
$418.1K – $557.4K
NOI $33,445 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
953
Businesses Nearby
213k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 38%
Shops & Services 36%
Dining 20%
Electronics 3%
Target
Superstores
81,403 visits/mo
0.4 miles
Wells Fargo
Shops & Services
21,338 visits/mo
0.4 miles
Chase Bank
Shops & Services
15,839 visits/mo
0.4 miles
Wendy's
Dining
14,253 visits/mo
0.3 miles
Bank of America
Shops & Services
14,169 visits/mo
0.4 miles
Demographics for 94805, CA
14,958
Population
6,076
Households
2.5
Avg Household Size
41
Median Age
44%
College-Educated
86%
High-School Grad
1.9 sq mi
ZIP Area
7,873
Density / Sq Mi
$114,191
Median Household Income
$57,133
Median Earnings
$2,272
Median Rent
$738,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space with tenant and parking in front.
Where is this retail space located?
The property is located at 12441 San Pablo Avenue Richmond, CA.
What is the asking price?
The asking price for this property is $499,950.
What are key features of this property?
This property features: Existing tenant provides $1,500 monthly income.; Tenant assists with warehouse maintenance.; Building has parking in front.
