Versatile Commercial Building in
2809 Macdonald AVE Richmond, CA 94804
For Sale
$849,000
6,312 SF commercial building with three units and parking.
Property Size6,312 SF
Lot Size0.23 Acres
Price / SF$134.51
Days on Market96
Property Features for 2809 Macdonald AVE
General Information
Standard status
Active
Size
6,312 SF
Lot size
0.23 Acres
Property subtype
Commercial
Building Details
Year Built
1937
Listing Agency:
Coldwell Banker Realty
(510) 928-7778
Listed By:
Haili Liang · License #01513871
(510) 928-7778
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 27 at 12:42PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 6,312 sq ft commercial building is located on a 10,000 sq ft lot and features three separate units, each with its own entrance. Previously used as a dental office, CPA office, and cell phone retailer, the property is now vacant. Included in the sale is a 40-foot walk-in metal storage container, along with a gated private parking lot offering 17 spaces. The property is centrally located in Richmond's downtown and civic center district, a few blocks from City Hall and the Richmond Memorial Convention Center, offering excellent walkability and accessibility. I80 and I580 are reachable within minutes, and the El Cerrito Del Norte BART station is 2 miles away. The location has a bike score of 83, making it very bikeable, a walk score of 84, making it very walkable, and a transit score of 53, indicating good transit options.
Key Highlights
- Versatile 6,312 sq ft commercial building with three separate units, each with its own entrance.
- Prime downtown location near City Hall and the Richmond Memorial Convention Center.
- Gated private parking lot with 17 spaces.
Financial Insights For Warehouse
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 | $52.3k | $8.28 |
| − Vacancy | −$2.6k | −$0.41 |
| EGI | $49.7k | $7.87 |
| − OpEx | −$7.4k | −$1.18 |
| NOI | $42.2k | $6.69 |
6,312 SF · lease $8.28/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Retail
$1.21M
$1.06M – $1.42M
NOI $84,900 @ 7.0% cap · market cap 10.00%
Second Best
Office B
$1.12M
$978.3K – $1.30M
NOI $78,267 @ 7.0% cap · market cap 9.22%
Theoretical Best
Multifamily LT 5
$1.51M
$1.32M – $1.76M
NOI $105,554 @ 7.0% cap · market cap 12.43%
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?
Office units - 6,312 SF commercial building with three units and parking.
Where is this office units located?
The property is located at 2809 Macdonald AVE Richmond, CA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Versatile 6,312 sq ft commercial building with three separate units, each with its own entrance.; Prime downtown location near City Hall and the Richmond Memorial Convention Center.; Gated private parking lot with 17 spaces.
