Restaurant and Billiards
1500 23rd St, San Pablo, CA 94806
For Sale
$1,300,000
The restaurant and billiards operation are offered together, with a beer sales license and a jukebox in the game room.
Property Size3,352 SF
Price / SF$387.83
Days on Market276
Property Features for 1500 23rd St
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Business Included
Road Access
Amenities
jukebox
Building Details
Building Size
Year Built
Listing Agency:
Real Estate Source, Inc.
(916) 307-3444
Listed By:
Maria Valencia
(925) 826-8807
Source:
Gezarealty
Added: Feb 7
Changed: Nov 9
Last Checked: Nov 9 at 1:42PM
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 Real Estate Source, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,352-square-foot restaurant property includes a billiards room equipped with a jukebox. The building and operating business are being offered as a single sale, and the establishment holds a license to sell beer. Built in 1956, the property is zoned Com.
The property is located at 1500 23rd St in San Pablo, on a street identified as Main Street.
The property is located at 1500 23rd St in San Pablo, on a street identified as Main Street.
Key Highlights
- Restaurant business and building offered together
- 3,352‑square‑foot property built in 1956
- Billiards room includes a jukebox
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,900
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,198,000
$1.2M
Cap Rate 7%
$855,714
$855.7K
Cap Rate 9%
$665,556
$665.6K
Market Conditions
NOI Build-Up for 3,352 SF
Gross rent
$87.3K $26.04/SF
− Vacancy
−$7.4K −$2.21/SF
EGI
$79.9K $23.83/SF
− OpEx
−$20.0K −$5.96/SF
NOI
$59.9K $17.87/SF
Area
Contra Costa County, CA
Vacancy
8.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,198,000
Cap Rate 7%
$855,714
Cap Rate 9%
$665,556
Alternative Uses
Best Use
Specialty Retail
$855.7K
$748.8K – $998.3K
NOI $59,900 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,694 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,245
Businesses Nearby
22k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 77%
Shops & Services 16%
Dining 6%
Grocery Outlet Bargain Market
Groceries
17,335 visits/mo
0.5 miles
Bonfare Market
Shops & Services
3,652 visits/mo
0.2 miles
Little Caesars Pizza
Dining
1,413 visits/mo
0.4 miles
Demographics for 94806, CA
64,589
Population
21,360
Households
3
Avg Household Size
36
Median Age
23%
College-Educated
79%
High-School Grad
7.9 sq mi
ZIP Area
8,176
Density / Sq Mi
$82,818
Median Household Income
$43,355
Median Earnings
$2,013
Median Rent
$582,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Conventional restaurants in Contra Costa County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The restaurant and billiards operation are offered together, with a beer sales license and a jukebox in the game room.
Where is this conventional restaurant located?
The property is located at 1500 23rd St San Pablo, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Restaurant business and building offered together; 3,352‑square‑foot property built in 1956; Billiards room includes a jukebox
