El Cerrito Mixed-Use
1600 Kearney St El Cerrito, CA 94530
1600 Kearney St, El Cerrito, CA, 94530
$1,900,000
For Sale
$1,900,000
Mixed-use property with investment and development potential in El Cerrito.
Property Size9,392 SF
Price / SF$202.30
Days on Market398
Property Features for 1600 Kearney St
General Information
- Standard status
- Active
- Size
- 9,392 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1949
Listing Agency
BCRE
(510) 222-0900
Listed by
DAVIDE PIO · License #01522969
Source
Corcoran
Added: Jun 19, 2025 Updated: Jul 6 at 9:58 am Checked: Jul 19 at 4:05 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 BCRE
Investment Insights
Based on property information with market context.
Located in the heart of the East Bay, 1600 Kearney in El Cerrito is a mixed-use property with investment and development potential. The building, formerly home to Cerrito Printing, is divided into four suites of varying sizes, all currently occupied by long-term tenants. The property is located within two miles of both El Cerrito Del Norte and El Cerrito Plaza BART stations, as well as Highway 80. Oakland and San Francisco, including their respective airports, are within a 10-to-25 mile distance. The property is suitable for a variety of buyers, including an owner-user who could occupy some or all of the space while retaining rental income, or an investor looking to bring rents to market rates. The property's TOHIMU zoning allows for 45+ units per acre. The property has a current cap rate of 5.30% and a GRM of 11.54, with a proforma cap rate of 8.10% and a GRM of 8.41. The property size is 9392 square feet.
Key Highlights
- Proforma Cap Rate of 8.10% indicates significant potential for increased profitability.
- TOHIMU zoning allows for high‑density development of 45+ units/acre.
- Located in the heart of the East Bay, close to El Cerrito Del Norte and El Cerrito Plaza BART stations, and Highway 80.
Local Financial Insights For Mixed Use
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 | $253.6k | $27.00 |
| − Vacancy | −$20.3k | −$2.16 |
| EGI | $233.3k | $24.84 |
| − OpEx | −$87.5k | −$9.32 |
| NOI | $145.8k | $15.53 |
9,392 SF · lease $27.00/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$2.08M
$1.82M – $2.43M
NOI $145,811 @ 7.0% cap · market cap 7.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.55M
$3.11M – $4.14M
NOI $248,512 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Mixed-use property - Mixed-use property with investment and development potential in El Cerrito.
Where is this mixed-use property located?
The property is located at 1600 Kearney St El Cerrito, CA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Proforma Cap Rate of 8.10% indicates significant potential for increased profitability.; TOHIMU zoning allows for high‑density development of 45+ units/acre.; Located in the heart of the East Bay, close to El Cerrito Del Norte and El Cerrito Plaza BART stations, and Highway 80.
