Flex Space with Grade-Level
For Sale
Contact for pricing
2266 Central Street Unit 2, Richmond, CA 94801
A compact office, restroom, skylit warehouse area, and reserved parking support a range of commercial operations.
Property Size19,000 SF
Price / SF$0.17
Days on Market49
Property Features for 2266 Central Street Unit 2
General Information
Standard status
Active
Size
19,000 SF
Total Parking Spaces
2
Property subtype
Comm Ind For Lease
Warehouse & Industrial
Clear Height
22 ft
Drive-In Doors
1
Power
200 amps
Three-Phase Power
Yes
Additional Details
Highway Access
Yes
Property Use
Warehouse / Light Manufacturing
Building Details
Year Built
2024
Listing Agency:
HomeSmart Optima Realty, Inc
Listed By:
Cory Lawrence · License #01376753
(925) 487-7671
Source:
Jpnrealty
Added: Sep 14
Changed: Oct 28
Last Checked: Nov 1 at 1:25AM
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 HomeSmart Optima Realty, Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 19,000-square-foot flex space, built in 2024, is configured with a small office, restroom, one grade-level door, and one man door. Skylights bring natural light into the warehouse area, which has 20–22 feet of clear height. Electrical service is 200 amps, three phase, and the unit includes two reserved parking spaces.
The property is in the unincorporated area of Richmond, with access to I-80 and I-580 via Richmond Parkway.
The property is in the unincorporated area of Richmond, with access to I-80 and I-580 via Richmond Parkway.
Key Highlights
- 19,000‑square‑foot flex space built in 2024
- One grade‑level door and one man door
- 20–22 feet of clear height in the warehouse area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,890
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,357,800
$2.4M
Cap Rate 7%
$1,684,143
$1.7M
Cap Rate 9%
$1,309,889
$1.3M
Market Conditions
NOI Build-Up for 19,000 SF
Gross rent
$177.8K $9.36/SF
− Vacancy
−$9.4K −$0.50/SF
EGI
$168.4K $8.86/SF
− OpEx
−$50.5K −$2.66/SF
NOI
$117.9K $6.20/SF
Area
Richmond, CA
Vacancy
5.30%
Lease Rate
$9.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,357,800
Cap Rate 7%
$1,684,143
Cap Rate 9%
$1,309,889
Alternative Uses
Best Use
Flex RnD
$3.31M
$2.90M – $3.86M
NOI $231,785 @ 7.0% cap · market cap 7,252.35%
Second Best
Warehouse
$1.81M
$1.59M – $2.12M
NOI $127,036 @ 7.0% cap · market cap 3,974.84%
Theoretical Best
Multifamily LT 5
$4.54M
$3.97M – $5.30M
NOI $317,732 @ 7.0% cap · market cap 9,941.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
22 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 94801, CA
33,486
Population
11,012
Households
3
Avg Household Size
34
Median Age
19%
College-Educated
69%
High-School Grad
11.5 sq mi
ZIP Area
2,912
Density / Sq Mi
$75,786
Median Household Income
$40,435
Median Earnings
$1,608
Median Rent
$593,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - A compact office, restroom, skylit warehouse area, and reserved parking support a range of commercial operations.
Where is this flex space located?
The property is located at 2266 Central Street Unit 2 Richmond, CA.
What are key features of this property?
This property features: 19,000‑square‑foot flex space built in 2024; One grade‑level door and one man door; 20–22 feet of clear height in the warehouse area
