151-157 Park Pl, Richmond, CA
Unique investment opportunity in an amenity-rich, walkable location.
- 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
Listing agent Haden Ongaro License #00916960
Listing office Newmark | San Rafael (415) 526-7676
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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Contra Costa
- State
- California
- Longitude
- -122.385
- Latitude
- 37.9261