Fully Occupied Retail Investment
3811 Railroad Ave Pittsburg, CA 94565
For Sale
$2,348,000
Value-add investment with stable tenants and high cap rate.
Property Size5,950 SF
Lot Size0.52 Acres
Price / SF$394.62
Days on Market95
Property Features for 3811 Railroad Ave
General Information
Standard status
Active
Size
5,950 SF
Lot size
0.52 Acres
Property subtype
Commercial
Building Details
Year Built
1963
Listing Agency:
Promax Investment & Develop
(510) 552-1687
Listed By:
Richard Mao · License #01208299
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 27 at 6:44AM
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 Promax Investment & Develop
Investment Insights
Based on property information with market context.
This fully occupied commercial property presents a value-added investment opportunity, generating approximately 4.5% annual rent with NNN leases that increase yearly. The property currently operates at an 8% cap rate, supported by a stable tenant base consisting of service-oriented businesses. The current annual income is $226,000, with low maintenance costs. Remodeling was completed in 2013 and 2016, including replacement of the roof and HVAC units. Tenants are responsible for all interior maintenance, repairs, and replacements, including HVAC systems and storefront glass. The property is located on a busy major street, near shopping, BART, freeway access, and schools, situated within the city's business district and adjacent to a residential neighborhood. Built in 1963 and remodeled in 2013 and 2016, the building encompasses 5950 square feet on a 22463.79 square foot lot. On-site parking is available with 26 spaces, providing more than 4 spaces per unit. The property's APN/Tax ID is 088-072-068-5. A vacant lot behind the parking area is also for sale, zoned for neighborhood commercial/high-density residential use, potentially allowing for the construction of up to 45 units; confirmation with the city is advised. This offers opportunities for expansion or development. The bike score is 4, indicating it is somewhat bikeable, and the walk score is 14, indicating car-dependent.
Key Highlights
- High 8% actual cap rate provides strong investment return.
- Fully occupied with stable, service‑type tenants ensures consistent income.
- NNN leases with annual rent increases offer predictable income growth.
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 | $232.1k | $39.00 |
| − Vacancy | −$14.7k | −$2.47 |
| EGI | $217.4k | $36.53 |
| − OpEx | −$65.2k | −$10.96 |
| NOI | $152.2k | $25.57 |
5,950 SF · lease $39.00/SF/yr · vacancy 6.33% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.17M
$1.90M – $2.54M
NOI $152,153 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.25M
$1.97M – $2.62M
NOI $157,437 @ 7.0% cap · market cap 6.71%
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?
Strip mall - Value-add investment with stable tenants and high cap rate.
Where is this strip mall located?
The property is located at 3811 Railroad Ave Pittsburg, CA.
What is the asking price?
The asking price for this property is $2,348,000.
What are key features of this property?
This property features: High 8% actual cap rate provides strong investment return.; Fully occupied with stable, service‑type tenants ensures consistent income.; NNN leases with annual rent increases offer predictable income growth.
