Freestanding Retail Building on San
12590 San Pablo Avenue Richmond, CA 94805
12590 San Pablo Avenue, Richmond, CA, 94805
$899,000
For Sale
$899,000
3,638 SF retail building on a 6,000 SF corner lot.
Property Size3,638 SF
Price / SF$247.11
Days on Market417
Property Features for 12590 San Pablo Avenue
General Information
- Standard status
- Active
- Size
- 3,638 SF
Building Details
- Year Built
- 1956
Listing Agency
COMPASS COMMERCIAL
(415) 890-0704
Listed by
BRIAN LEUNG
Source
Corcoran
Added: May 28, 2025 Checked: Mar 16 at 9:09 am
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 COMPASS COMMERCIAL
Investment Insights
Based on property information with market context.
Located on Richmond's busiest commercial corridor, the 3,638 square foot freestanding building at 12590 San Pablo Avenue offers a retail opportunity for owner-users. Situated on a 6,000 square foot corner lot, the property features high visibility with prominent pylon signage and bright street frontage. A private four-car parking lot is included. The location benefits from exposure to over 20,000 vehicles passing daily. The site is one block from I-80 and seven minutes from the El Cerrito Del Norte BART station, and is served by multiple bus lines. Zoned CM-4 (Commercial Mixed-Use), the property supports a range of uses including retail, food and beverage (including cafes and restaurants), personal services, and medical offices. It is designated Medium Intensity Mixed-Use in the 2030 Richmond General Plan, encouraging mid-rise, mixed-use development that activates the intersection and serves the neighborhood. SBA financing could offer monthly costs lower than leasing a comparable nearby space, making this a compelling long-term investment.
Key Highlights
- High‑visibility corner lot location on Richmond's busiest commercial corridor (San Pablo Avenue).
- Excellent transportation access: close to I‑80, BART, and multiple bus lines.
- Flexible CM‑4 zoning allows for a wide range of commercial uses (retail, food/beverage, medical, etc.).
Local Financial Insights For Specialty 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 | $78.6k | $21.60 |
| − Vacancy | −$5.5k | −$1.51 |
| EGI | $73.1k | $20.09 |
| − OpEx | −$18.3k | −$5.02 |
| NOI | $54.8k | $15.07 |
3,638 SF · lease $21.60/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$783.0K
$685.1K – $913.5K
NOI $54,810 @ 7.0% cap · market cap 6.10%
Second Best
Retail
$699.0K
$611.7K – $815.6K
NOI $48,933 @ 7.0% cap · market cap 5.44%
Theoretical Best
Multifamily LT 5
$869.1K
$760.5K – $1.01M
NOI $60,837 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - 3,638 SF retail building on a 6,000 SF corner lot.
Where is this retail space located?
The property is located at 12590 San Pablo Avenue Richmond, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: High‑visibility corner lot location on Richmond's busiest commercial corridor (San Pablo Avenue).; Excellent transportation access: close to I‑80, BART, and multiple bus lines.; Flexible CM‑4 zoning allows for a wide range of commercial uses (retail, food/beverage, medical, etc.).
