Mixed-Use Building with Warehouse
For Sale
$2,950,000
2685 Leland Rd, Pittsburg, CA 94565
Commercial building with retail/office space and warehouse.
Property Size9,432 SF
Price / SF$312.77
Days on Market149
Property Features for 2685 Leland Rd
General Information
Standard status
Active
Size
9,432 SF
Property subtype
Commercial
Amenities
Rolled Composition Roof
Room for Oversized Vehicle
Building Details
Year Built
1987
Listing Agency:
THE FULLER COMPANY
(925) 288-1300
Listed By:
FRED FULLER · License #01370652
Source:
Corcoran
Added: Mar 13
Changed: Aug 8
Last Checked: Aug 8 at 2:32PM
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 THE FULLER COMPANY
Investment Insights
Based on property information with market context.
This commercial building features approximately 2000 square feet of retail or office space with a storefront, complemented by a large light industrial or warehouse space at the rear, which includes 22-foot ceilings and a roll-up door. The building contains two handicap-accessible bathrooms and a cold storage freezer room with two doors. A gated yard and ample parking are available. A lighted monument sign is in place for company advertising. A commercial truck driveway surrounds the building to facilitate deliveries. The property offers close access to Highway 4 on-ramp. The property is suitable for an owner-user and presents various business possibilities. The building has a total size of 9432 square feet.
Key Highlights
- Large Light Industrial/Warehouse Space: Features 22‑foot ceilings and a roll‑up door.
- Ample Parking and Gated Yard: Provides secure and convenient parking.
- Retail/Office Space with Storefront: Offers approximately 2000 sq ft of space.
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
$241,194
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
8.18%
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%
$4,823,880
$4.8M
Cap Rate 7%
$3,445,629
$3.4M
Cap Rate 9%
$2,679,933
$2.7M
Market Conditions
NOI Build-Up for 9,432 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
$367.8K $39.00/SF
− Vacancy
−$23.3K −$2.47/SF
EGI
$344.6K $36.53/SF
− OpEx
−$103.4K −$10.96/SF
NOI
$241.2K $25.57/SF
Area
Contra Costa County, CA
Vacancy
6.33%
Lease Rate
$39.00 /SF/Yr
Expense Ratio
30.00%
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%
$4,823,880
Cap Rate 7%
$3,445,629
Cap Rate 9%
$2,679,933
Alternative Uses
Best Use
Retail
$3.45M
$3.01M – $4.02M
NOI $241,194 @ 7.0% cap · market cap 8.18%
Second Best
Office B
$2.44M
$2.13M – $2.84M
NOI $170,540 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$3.57M
$3.12M – $4.16M
NOI $249,571 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
520
Businesses Nearby
Explore this area
Business Placement
Demographics for 94565, CA
100,341
Population
31,173
Households
3.2
Avg Household Size
35
Median Age
22%
College-Educated
78%
High-School Grad
45.3 sq mi
ZIP Area
2,215
Density / Sq Mi
$95,035
Median Household Income
$44,149
Median Earnings
$2,145
Median Rent
$563,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial building with retail/office space and warehouse.
Where is this mixed-use property located?
The property is located at 2685 Leland Rd Pittsburg, CA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Large Light Industrial/Warehouse Space: Features **22‑foot ceilings and a roll‑up door**.; Ample Parking and Gated Yard: Provides secure and convenient parking.; Retail/Office Space with Storefront: Offers approximately 2000 sq ft of space.
