Building Details

Year Built 1917

Listing Agency: CapWise Commercial Advisors, Inc

Listed By: Benjamin D Faubion · License #01946163 Show Phone

Source: Homesofgreatersacramento

Added: May 2 Changed: Oct 1 Last Checked: Oct 12 at 8:28PM

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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 CapWise Commercial Advisors, Inc

Investment Insights

Based on property information with market context.

The property at 265 15th Street in Richmond, California, offers a flexible industrial and creative infill opportunity. The building has a size of approximately 2,700 square feet and combines warehouse, office, mezzanine, and potential live/work functionality. This creates an adaptable environment suitable for various users and business types. The property benefits from T5 Core zoning, which allows for commercial, industrial, residential, and community-oriented uses. The location is near Richmond BART and Amtrak, providing direct Bay Area connectivity. The surrounding area is experiencing reinvestment driven by transit-oriented development and growing demand for infill industrial product. This property presents an opportunity for an owner-user, investor, or creative operator seeking a strategically located Bay Area asset with long-term flexibility and upside potential.

Key Highlights

• Flexible T5 Core zoning allows for commercial, industrial, residential, and community‑oriented uses.
• Located steps from Richmond BART & Amtrak, providing direct Bay Area connectivity.
• ±2,700 SF building with warehouse, office, mezzanine, and potential live/work functionality.**

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$35,012

Cap Rate

7.00%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$700,240 $700.2K

Cap Rate 7%

$500,171 $500.2K

Cap Rate 9%

$389,022 $389.0K

Market Conditions

NOI Build-Up for 2,700 SF

Gross rent

$61.6K $22.80/SF

− Vacancy

−$5.5K −$2.05/SF

EGI

$56.0K $20.75/SF

− OpEx

−$21.0K −$7.78/SF

NOI

$35.0K $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%

$700,240

Cap Rate 7%

$500,171

Cap Rate 9%

$389,022

Alternative Uses

Best Use

Mixed Use

$500.2K

$437.7K – $583.5K (±1% cap)

NOI $35,012 @ 7.0% cap · market cap 7.00%

Second Best

Office B

$478.3K

$418.5K – $558.0K (±1% cap)

NOI $33,479 @ 7.0% cap · market cap 6.70%

Theoretical Best

Multifamily LT 5

$645.0K

$564.4K – $752.5K (±1% cap)

NOI $45,151 @ 7.0% cap · market cap 9.03%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Zediker Electric Electrical Service

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office HVAC Service Gym & Fitness Center Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,270

Businesses Nearby

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

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Flexible mixed-use building near Richmond BART & Amtrak.

Where is this mixed-use property located?

The property is located at 265 15th St Richmond, CA.

What is the asking price?

The asking price for this property is $500,000.

What are key features of this property?

This property features: Flexible T5 Core zoning allows for commercial, industrial, residential, and community‑oriented uses.; Located steps from Richmond BART & Amtrak, providing direct Bay Area connectivity.; ±2,700 SF building with warehouse, office, mezzanine, and potential live/work functionality.**