Standalone Flex Space with
For Sale
Contact for pricing
2368 Pacheco Blvd, Martinez, CA 94553
Versatile office, shop, and residential configuration on a secured, paved parcel with access to Routes 4 and 680.
Property Size4,400 SF
Lot Size0.26 Acres
Price / SF$362.50
Days on Market131
Property Features for 2368 Pacheco Blvd
General Information
Standard status
Active
Size
4,400 SF
Total Parking Spaces
25
Lot size
0.26 Acres
Property subtype
Retail, Office, Industrial
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
16 ft
Warehouse Space
1,620 SF
Office Build-Out
2,800 SF
Drive-In Doors
3
Building Details
Year Renovated
2020
Buildings
2
Listing Agency:
Kidder Matthews
(949) 557-5075
Listed By:
Gabriel Sahagun · License #CA: 02168656
Source:
Crexi
Added: Apr 23
Changed: Aug 30
Last Checked: Aug 30 at 12:07PM
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 Kidder Matthews
Investment Insights
Based on property information with market context.
This standalone flex property combines approximately 2,800 SF of open-plan office space with a separate 1,620 SF warehouse/shop building. The shop measures approximately 46 feet by 36 feet and offers three grade-level roll-up doors with approximately 16-foot clear height, supporting light industrial and service-oriented operations. A fully renovated second-floor apartment includes two bedrooms and adds a residential component to the commercial layout.
The property occupies an approximately 11,193 SF lot measuring 125 feet by 40 feet. Its paved, fully fenced yard is controlled by a mechanical gate and provides approximately 25 parking spaces. Natural gas service is available, and the site offers convenient connectivity to California State Route 4 and Interstate 680 in Martinez. The combination of office, shop, secured yard, and on-site apartment accommodates a range of owner-user, live-work, contractor, and small industrial applications.
The property occupies an approximately 11,193 SF lot measuring 125 feet by 40 feet. Its paved, fully fenced yard is controlled by a mechanical gate and provides approximately 25 parking spaces. Natural gas service is available, and the site offers convenient connectivity to California State Route 4 and Interstate 680 in Martinez. The combination of office, shop, secured yard, and on-site apartment accommodates a range of owner-user, live-work, contractor, and small industrial applications.
Key Highlights
- Approximately 2,800 SF of open‑plan office space
- 1,620 SF warehouse/shop with three grade‑level roll‑up doors
- Approximately 16‑foot clear height in the warehouse/shop
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$79,556
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,591,120
$1.6M
Cap Rate 7%
$1,136,514
$1.1M
Cap Rate 9%
$883,956
$884.0K
Market Conditions
NOI Build-Up for 4,400 SF
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.
Gross rent
$129.4K $29.40/SF
− Vacancy
−$23.3K −$5.29/SF
EGI
$106.1K $24.11/SF
− OpEx
−$26.5K −$6.03/SF
NOI
$79.6K $18.08/SF
Area
Contra Costa County, CA
Vacancy
18.00%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,591,120
Cap Rate 7%
$1,136,514
Cap Rate 9%
$883,956
Alternative Uses
Best Use
Office B
$1.14M
$994.5K – $1.33M
NOI $79,556 @ 7.0% cap · market cap 4.99%
Second Best
Warehouse
$1.13M
$991.2K – $1.32M
NOI $79,292 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$1.66M
$1.46M – $1.94M
NOI $116,424 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
3
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94553, CA
49,756
Population
19,626
Households
2.5
Avg Household Size
42
Median Age
42%
College-Educated
94%
High-School Grad
61.6 sq mi
ZIP Area
808
Density / Sq Mi
$121,023
Median Household Income
$70,337
Median Earnings
$2,247
Median Rent
$781,400
Median Home Value
Market
Vacancy Rate% for Office in West region
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Similar Off Market Nearby
- Mom of Two Delicacies & Desserts — 825 Robinson St, Martinez, CA 94553
- Havana Catering — 2385 Pacheco Blvd, Martinez, CA 94553
- Zandonella Catering LLC — 1333 B Pine St, Martinez, CA 94553
Frequently Asked Questions
What type of property is this?
Flex space - Versatile office, shop, and residential configuration on a secured, paved parcel with access to Routes 4 and 680.
Where is this flex space located?
The property is located at 2368 Pacheco Blvd Martinez, CA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Approximately 2,800 SF of open‑plan office space; 1,620 SF warehouse/shop with three grade‑level roll‑up doors; Approximately 16‑foot clear height in the warehouse/shop
