Mixed-Use Property with Life Science
For Sale
Contact for pricing
2600 Hilltop Dr, Richmond, CA 94806
Separate office and laboratory buildings offer suite options for different space requirements.
Property Size122,000 SF
Price / SF$0.08
Days on Market86
Property Features for 2600 Hilltop Dr
General Information
Standard status
Active
Size
122,000 SF
Property subtype
Comm Ind For Lease
Building Details
Year Built
1987
Listing Agency:
BCRE
Listed By:
Davide Pio · License #01522969
(510) 815-2000
Source:
Jpnrealty
Added: Aug 8
Changed: Nov 1
Last Checked: Nov 1 at 12:24AM
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
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Investment Insights
Based on property information with market context.
The property comprises two separate buildings. Building A is an office building of approximately 20,000 square feet, with space for tenants starting at approximately 1,000 square feet. Built in 1987, the property also includes Building B, a fitted life science facility with wet labs for biological and chemical work.
Laboratory suites range from approximately 300 to 2,400 square feet and are configured for BSL-2 use, with office components. The two-building setup provides a choice between conventional office space and laboratory suites.
Laboratory suites range from approximately 300 to 2,400 square feet and are configured for BSL-2 use, with office components. The two-building setup provides a choice between conventional office space and laboratory suites.
Key Highlights
- Two separate buildings: an office building and a fitted life science facility
- Building A is ±20,000 square feet, with tenant spaces starting at ±1,000 square feet
- Building B offers biological and chemical wet labs with office components
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,582,035
Suggested Prices Based on Cap Rates
Cap Rate 5%
$31,640,700
$31.6M
Cap Rate 7%
$22,600,500
$22.6M
Cap Rate 9%
$17,578,167
$17.6M
Market Conditions
NOI Build-Up for 122,000 SF
Gross rent
$2.78M $22.80/SF
− Vacancy
−$250.3K −$2.05/SF
EGI
$2.53M $20.75/SF
− OpEx
−$949.2K −$7.78/SF
NOI
$1.58M $12.97/SF
Area
Richmond, CA
Vacancy
9.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$31,640,700
Cap Rate 7%
$22,600,500
Cap Rate 9%
$17,578,167
Alternative Uses
Best Use
Mixed Use
$22.60M
$19.78M – $26.37M
NOI $1,582,035 @ 7.0% cap · market cap 15,820.35%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$29.15M
$25.50M – $34.00M
NOI $2,040,172 @ 7.0% cap · market cap 20,401.72%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
575
Businesses Nearby
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Business Placement
Demographics for 94806, CA
64,589
Population
21,360
Households
3
Avg Household Size
36
Median Age
23%
College-Educated
79%
High-School Grad
7.9 sq mi
ZIP Area
8,176
Density / Sq Mi
$82,818
Median Household Income
$43,355
Median Earnings
$2,013
Median Rent
$582,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Separate office and laboratory buildings offer suite options for different space requirements.
Where is this mixed-use property located?
The property is located at 2600 Hilltop Dr Richmond, CA.
What are key features of this property?
This property features: Two separate buildings: an office building and a fitted life science facility; Building A is ±20,000 square feet, with tenant spaces starting at ±1,000 square feet; Building B offers biological and chemical wet labs with office components
