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Richmond Warehouse with Office Space

1515 Ohio Ave Richmond, CA 94804

1515 Ohio Ave, Richmond, CA, 94804

$995,000

For Sale

$995,000

Warehouse with office space, three roll-up doors, and secure yard.

Property Size2,560 SF

Lot Size0.15 Acres

Price / SF$388.67

AddedApr 30, 2025

Days on Market442

Last RefreshMay 28 at 10:34 pm

Property Features for 1515 Ohio Ave

General Information

Standard status: Active
Size: 2,560 SF
Lot size: 0.15 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1959

Listing office Coldwell Banker Realty

Listing date Apr 30, 2025

Source Exitrealty

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 Coldwell Banker Realty

Investment Insights

Based on property information with market context.

This concrete block warehouse is located in Central Richmond and includes approximately 712 square feet of air-conditioned office space. The building encompasses 2,560 square feet on a 6,638 square foot lot, according to public records. An attached metal warehouse provides an additional 2,240 square feet. The property features three roll-up doors with approximately 8'9" clear height. The building's interior clear height is approximately 10'8". It is equipped with 200 amp 3-phase power, copper pneumatic tubing, LED lighting, and Cat5 cable throughout. A carport-covered yard with an electronic security gate and additional off-street parking are available in front. The property also includes various equipment that can be included in the sale.

Key Highlights

Central Richmond location
2,560sf concrete block warehouse with additional 2,240sf attached metal warehouse
200 amp 3‑phase power

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$50.7k	$19.80
− Vacancy	−$8.4k	−$3.27
EGI	$42.3k	$16.53
− OpEx	−$10.6k	−$4.13
NOI	$31.7k	$12.40

2,560 SF · lease $19.80/SF/yr · vacancy 16.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$453.5K

$396.8K – $529.1K (±1% cap)

NOI $31,743 @ 7.0% cap · market cap 3.19%

Second Best

Warehouse

$244.5K

$214.0K – $285.3K (±1% cap)

NOI $17,116 @ 7.0% cap · market cap 1.72%

Theoretical Best

Multifamily LT 5

$611.6K

$535.1K – $713.5K (±1% cap)

NOI $42,810 @ 7.0% cap · market cap 4.30%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Baja Mechanical Inc. HVAC Service

Suggested Use

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For sale
Warehouses
CA
Richmond
94804
1515 Ohio Ave

What type of property is this?

Warehouse - Warehouse with office space, three roll-up doors, and secure yard.

Where is this warehouse located?

The property is located at 1515 Ohio Ave Richmond, CA.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: Central Richmond location; 2,560sf concrete block warehouse with additional 2,240sf attached metal warehouse; 200 amp 3‑phase power