Versatile Commercial Building in
2809 Macdonald AVE, Richmond, CA 94804
For Sale
$849,000
6,312 Sq ft building with three units and parking.
Property Size6,312 SF
Lot Size0.23 Acres
Price / SF$134.51
Days on Market246
Property Features for 2809 Macdonald AVE
General Information
Standard status
Size
Lot size
Property subtype
Building Details
Year Built
Listing Agency:
COLDWELL BANKER REALTY
(510) 486-1495
Listed By:
HAILI LIANG · License #01513871
(510) 928-7778
Source:
Corcoran
Added: Mar 6
Changed: Aug 8
Last Checked: Aug 25 at 5:13AM
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 COLDWELL BANKER REALTY
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Investment Insights
Based on property information with market context.
This versatile commercial building offers 6,312 square feet of space on a 10,000 square foot lot. The property is comprised of three separate units, each featuring its own entrance. Previously occupied by a dental office, a CPA office, and a cell phone retailer, the building is now vacant and available for a new owner. Included in the sale is a 40-foot walk-in metal storage container. The property also features a gated private parking lot with 17 spaces. Centrally located in Richmond's downtown and civic center district, the property is situated just a few blocks from City Hall and the Richmond Memorial Convention Center, offering excellent walkability and accessibility. Both I80 and I580 are within minutes, and the El Cerrito Del Norte BART station is 2 miles away.
Key Highlights
- Prime downtown location in Richmond's civic center district, near City Hall and the Richmond Memorial Convention Center.
- Versatile 6,312 Sq ft commercial building with three separate units, each with its own entrance.
- Gated private parking lot with 17 spaces.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,203
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$844,060
$844.1K
Cap Rate 7%
$602,900
$602.9K
Cap Rate 9%
$468,922
$468.9K
Market Conditions
NOI Build-Up for 6,312 SF
Gross rent
$52.3K $8.28/SF
− Vacancy
−$2.6K −$0.41/SF
EGI
$49.7K $7.87/SF
− OpEx
−$7.4K −$1.18/SF
NOI
$42.2K $6.69/SF
Area
Richmond, CA
Vacancy
5.00%
Lease Rate
$8.28 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$844,060
Cap Rate 7%
$602,900
Cap Rate 9%
$468,922
Alternative Uses
Best Use
Retail
$1.21M
$1.06M – $1.42M
NOI $84,900 @ 7.0% cap · market cap 10.00%
Second Best
Office B
$1.12M
$978.3K – $1.30M
NOI $78,267 @ 7.0% cap · market cap 9.22%
Theoretical Best
Multifamily LT 5
$1.51M
$1.32M – $1.76M
NOI $105,554 @ 7.0% cap · market cap 12.43%
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
Location Intelligence
Trade Area within ½ mile
1,277
Businesses Nearby
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Business Placement
Demographics for 94804, CA
45,108
Population
16,659
Households
2.7
Avg Household Size
37
Median Age
32%
College-Educated
78%
High-School Grad
6.5 sq mi
ZIP Area
6,940
Density / Sq Mi
$86,430
Median Household Income
$46,473
Median Earnings
$1,825
Median Rent
$618,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Contra Costa County, CA
Properties on Market for Office Units in Contra Costa County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - 6,312 Sq ft building with three units and parking.
Where is this office unit located?
The property is located at 2809 Macdonald AVE Richmond, CA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Prime downtown location in Richmond's civic center district, near City Hall and the Richmond Memorial Convention Center.; Versatile 6,312 Sq ft commercial building with three separate units, each with its own entrance.; Gated private parking lot with 17 spaces.
