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    Point Richmond Historical District Building Title is generated by Realmo AI

    151-157 Park Pl, Richmond, CA

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    Unique investment opportunity in an amenity-rich, walkable location.

    Type:OFFICE
    Property size:
    15,463 SF
    Lot size:
    0.21 Acres
    Price / SF:
    $198/SF
    Added:
    Jul 18, 2025
    Days on Market:
    331
    Last Refresh:
    May 20 at 8:23 pm

    Property Features for 151-157 Park Pl

    General Information

    Standard status
    Active
    Size
    15,463 SF
    Lot size
    0.21 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Haden Ongaro

    Listing agent Haden Ongaro License #00916960

    Listing office Newmark | San Rafael

    Listing date Jul 18, 2025

    Source Moodyscre

    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 Newmark | San Rafael

    HighLights

    • Excellent Location: Heart of the historical district of Point Richmond, walkable locale, easy access to I‑580.
    • High Parking Capacity: Seven gated/enclosed spaces, eight gravel spaces in the rear, and street parking.
    • Flexible Usage: Suitable for single tenant or multi‑tenant investment property.
    • Delivered Vacant: Available vacant as of January 1st, 2026 (excluding the pizzeria).
    • Modern Amenities: Elevator, HVAC, handicapped accessible, high‑end finishes.
    • Balconies: Balconies off the second floors of both 157 and 151, plus a balcony/deck off the back of 157.

    Overview

    Located in the historical district of Point Richmond, at the corner of Park Place and W. Richmond Avenue, this property presents a rare opportunity for an owner-user or investor. Situated just off the Castro exit of I-580, the area is attractive to clients and employees due to its amenity-rich and walkable locale. The original two buildings were combined in 2017 into one contiguous building and parcel. The building features an established pizzeria on the ground floor and will otherwise be delivered vacant as of January 1st, 2026. The property is elevator and HVAC served and handicapped accessible, with high-end finishes throughout. A kitchenette is located on the first floor of 157, along with a balcony/deck off the back. Balconies are also present off the second floors of both 157 and 151. The property can be used by a single tenant or split up for a multi-tenant investment. A finished alleyway connects to Railroad Avenue at the back of the building. Parking is abundant, with seven gated and enclosed parking spaces below the building, as well as gravel parking in the rear with eight additional spaces. Street parking is also available in front of the building on Park Place. The parking and garage are accessible through an agreement with the neighboring ownership. The property size is 15463 square feet.

    Local 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 $306.2k $19.80
    − Vacancy −$50.5k −$3.27
    EGI $255.6k $16.53
    − OpEx −$63.9k −$4.13
    NOI $191.7k $12.40
    15,463 SF · lease $19.80/SF/yr · vacancy 16.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $2.74M
    $2.40M – $3.20M (±1% cap)
    NOI $191,737 @ 7.0% cap · market cap 6.24%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Multifamily LT 5
    $3.69M
    $3.23M – $4.31M (±1% cap)
    NOI $258,583 @ 7.0% cap · market cap 8.41%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Contra Costa
    State
    California
    Longitude
    -122.385
    Latitude
    37.9261

    FAQs

    What type of property is this?
    Office building - Unique investment opportunity in an amenity-rich, walkable location.
    Where is this office building located?
    The property is located at 151-157 Park Pl Richmond, CA.
    What is the asking price?
    The asking price for this property is $3,075,000.
    What are key features of this property?
    This property features: Excellent Location: Heart of the historical district of Point Richmond, walkable locale, easy access to I‑580.; High Parking Capacity: Seven gated/enclosed spaces, eight gravel spaces in the rear, and street parking.; Flexible Usage: Suitable for single tenant or multi‑tenant investment property.
    (415) 526-7676 Call to check price and availability
    More about this property
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