Versatile Commercial Property in
928 San Pablo Ave Albany, CA 94706
For Sale
$649,000
Pending
Single-story commercial property in San Pablo Commercial District.
Property Size1,778 SF
Lot Size0.09 Acres
Days on Market96
Property Features for 928 San Pablo Ave
General Information
Standard status
Pending
Size
1,778 SF
Lot size
0.09 Acres
Property subtype
Commercial
Building Details
Year Built
1963
Listing Agency:
(510) 813-3745
Listed By:
Kevin Tannahill
(510) 813-3745
Source:
Elliman
Added: Apr 26
Changed: Jul 10
Last Checked: Jul 29 at 6:31PM
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 Kevin Tannahill
Investment Insights
Based on property information with market context.
Located in the heart of the San Pablo Commercial District between Solano Avenue and Marin Avenue, this single-story commercial property offers a level-in floor plan with approximately 1,778 square feet of interior space on an approximately 3,750 square foot lot. The building is currently configured with five spacious rooms, two bathrooms, and a central hallway, providing a functional and flexible layout. Two rear rooms feature sliding glass doors that open directly to a large backyard garden area, creating an indoor-outdoor connection. Dual front entrances at 928 and 930 San Pablo Avenue allow for multiple access points. Street parking is available. The property has been long used as an owner-occupied chiropractic office. The bike score is 98, the walk score is 95, and the transit score is 58.
Key Highlights
- Prime location in the heart of the San Pablo Commercial District
- Versatile single‑story commercial property with a functional and flexible layout
- Approximately 1,778 square feet of interior space on an approximately 3,750 square foot lot
Financial Insights For Office B
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 | $64.2k | $36.12 |
| − Vacancy | −$16.3k | −$9.17 |
| EGI | $47.9k | $26.95 |
| − OpEx | −$12.0k | −$6.74 |
| NOI | $35.9k | $20.21 |
1,778 SF · lease $36.12/SF/yr · vacancy 25.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$513.3K
$449.2K – $598.9K
NOI $35,932 @ 7.0% cap · market cap 5.54%
Second Best
Healthcare Medical
$435.1K
$380.7K – $507.6K
NOI $30,455 @ 7.0% cap · market cap 4.69%
Theoretical Best
Retail
$8.11M
$7.09M – $9.46M
NOI $567,407 @ 7.0% cap · market cap 87.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Codornices Veterinary Clinic — 944 San Pablo Ave, Albany, CA 94706
- Codornices Veterinary Clinic: Gurley Erica DVM — 944 San Pablo Ave, Albany, CA 94706
- Banfield Pet Hospital — 1080 Monroe St Ste 140, Albany, CA 94706
- Codornices Annex Clinic — 954 San Pablo Ave, Albany, CA 94706
- Mobile Equine Services Hospital — 1100 Eastshore Hwy, Berkeley, CA 94710
Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-story commercial property in San Pablo Commercial District.
Where is this medical office space located?
The property is located at 928 San Pablo Ave Albany, CA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Prime location in the heart of the San Pablo Commercial District; Versatile single‑story commercial property with a functional and flexible layout; Approximately 1,778 square feet of interior space on an approximately 3,750 square foot lot
