Three-Space Mixed-Use
For Sale
$1,338,000
2221 3Rd St, Livermore, CA 94550
Commercial Sale, Livermore, CA
Property Size2,044 SF
Lot Size0.05 Acres
Price / SF$654.60
Days on Market47
Property Features for 2221 3Rd St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
commercial
Exterior features
Front Sign, Landscaping
Accessibility
Accessible Approach with Ramp
Appliances
Washer/Dryer Owned
Subdivision
South Livermore
Lot features
Commercial, Neighborhood Commercial, Restaurant Nearby, Shopping Nearby
Directions
South Livermore Ave. to 3RD Street
Standard status
Active
APN
97326
Size
2,044 SF
Lot size
0.05 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1893
Floors in Building
1
Flooring type
Combo of materials, Linoleum
Building materials
Wood
Roof type
Tar/Gravel, Composition
Listing Agency:
RE/MAX Accord · RE/MAX International
(925) 447-9000
Listed By:
Sherry Nigg · License #01177147
(925) 640-0869
Added: Aug 31
Changed: Oct 1
Last Checked: Oct 16 at 5:06AM
MLS# 41146750
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1893, this mixed-use property contains 2,044 square feet across three spaces. A permitted studio of approximately 400 square feet is leased, alongside a 644-square-foot barber shop and a salon space of approximately 1,000 square feet. Commercial zoning is in place, and residential uses are also noted; buyers should confirm zoning and floor area for their intended use. Physical features include a front sign, landscaping, central air, forced-air heat, and ramp access.
The property is a short distance from downtown Livermore, where restaurants, shops, entertainment, and cultural arts are located. Public water and sewer serve the site.
The property is a short distance from downtown Livermore, where restaurants, shops, entertainment, and cultural arts are located. Public water and sewer serve the site.
Key Highlights
- Three spaces currently accommodate three businesses
- Permitted studio of approximately 400 square feet is leased
- Barber shop space measures approximately 644 square feet; salon space is approximately 1,000 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,391
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$827,820
$827.8K
Cap Rate 7%
$591,300
$591.3K
Cap Rate 9%
$459,900
$459.9K
Market Conditions
NOI Build-Up for 2,044 SF
Gross rent
$73.6K $36.00/SF
− Vacancy
−$7.4K −$3.60/SF
EGI
$66.2K $32.40/SF
− OpEx
−$24.8K −$12.15/SF
NOI
$41.4K $20.25/SF
Area
Alameda County, CA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$827,820
Cap Rate 7%
$591,300
Cap Rate 9%
$459,900
Alternative Uses
Best Use
Retail
$9.32M
$8.15M – $10.87M
NOI $652,295 @ 7.0% cap · market cap 48.75%
Second Best
Mixed Use
$591.3K
$517.4K – $689.9K
NOI $41,391 @ 7.0% cap · market cap 3.09%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,879
Businesses Nearby
103k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 40%
Leisure 2%
Wells Fargo
Shops & Services
13,006 visits/mo
0.1 miles
Jack in the Box
Dining
11,586 visits/mo
0.3 miles
Bank of America
Shops & Services
11,567 visits/mo
0.4 miles
El Charro
Dining
8,401 visits/mo
0.3 miles
Marathon Petroleum
Shops & Services
7,736 visits/mo
0.1 miles
Demographics for 94550, CA
49,959
Population
18,390
Households
2.7
Avg Household Size
42
Median Age
56%
College-Educated
96%
High-School Grad
272.0 sq mi
ZIP Area
184
Density / Sq Mi
$177,218
Median Household Income
$88,646
Median Earnings
$2,681
Median Rent
$1,146,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial and residential uses are noted, with the existing layout serving three businesses.
Where is this mixed-use property located?
The property is located at 2221 3Rd St Livermore, CA.
What is the asking price?
The asking price for this property is $1,338,000.
What are key features of this property?
This property features: Three spaces currently accommodate three businesses; Permitted studio of approximately 400 square feet is leased; Barber shop space measures approximately 644 square feet; salon space is approximately 1,000 square feet
