Remodeled Apartment Building with
For Sale
$3,850,000
3126 Lone Tree Way, Antioch, CA 94509
Remodeled apartment building with fourteen 2bd/1bth and two 3bd/2bth units.
Property Size13,456 SF
Price / SF$286.12
Days on Market276
Property Features for 3126 Lone Tree Way
General Information
Standard status
Active
Size
13,456 SF
Property subtype
Commercial
Amenities
Other
Building Details
Year Built
1963
Listing Agency:
THE PINZA GROUP, INC
(510) 725-4775
Listed By:
JAY FLORES · License #02037775
(925) 290-7044
Source:
Corcoran
Added: Dec 2, 2025
Changed: Aug 9
Last Checked: Sep 4 at 7:33AM
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 PINZA GROUP, INC
Investment Insights
Based on property information with market context.
This apartment building features an ideal unit mix comprised of fourteen 2-bedroom, 1-bathroom units and two 3-bedroom, 2-bathroom units. The property has been entirely remodeled inside and out within the last five years, including a new roof and fully remodeled units. Each unit is separately metered for water, gas, and electric. Residents can enjoy private balconies and covered parking. The 13,456 square foot building offers potential for additional revenue through the implementation of RUBS (Ratio Utility Billing System) and storage income. The property is located in an up-and-coming area near shopping and commercial businesses.
Key Highlights
- $100K price improvement
- Ideal unit mix: fourteen 2bd/1bth and two 3bd/2bth units
- Low annual expenses: separately metered for water, gas, and electric
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
$214,128
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
5.56%
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%
$4,282,560
$4.3M
Cap Rate 7%
$3,058,971
$3.1M
Cap Rate 9%
$2,379,200
$2.4M
Market Conditions
NOI Build-Up for 13,456 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
$408.5K $30.36/SF
− Vacancy
−$19.2K −$1.43/SF
EGI
$389.3K $28.93/SF
− OpEx
−$175.2K −$13.02/SF
NOI
$214.1K $15.91/SF
Area
Antioch, CA
Vacancy
4.70%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
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%
$4,282,560
Cap Rate 7%
$3,058,971
Cap Rate 9%
$2,379,200
Alternative Uses
Best Use
Apartment 5plus
$3.06M
$2.68M – $3.57M
NOI $214,128 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.08M
$3.57M – $4.76M
NOI $285,321 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
707
Businesses Nearby
Explore this area
Business Placement
Demographics for 94509, CA
69,931
Population
24,048
Households
2.9
Avg Household Size
36
Median Age
19%
College-Educated
82%
High-School Grad
17.4 sq mi
ZIP Area
4,019
Density / Sq Mi
$81,512
Median Household Income
$42,401
Median Earnings
$2,052
Median Rent
$565,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Remodeled apartment building with fourteen 2bd/1bth and two 3bd/2bth units.
Where is this apartment building located?
The property is located at 3126 Lone Tree Way Antioch, CA.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: $100K price improvement; Ideal unit mix: fourteen 2bd/1bth and two 3bd/2bth units; Low annual expenses: separately metered for water, gas, and electric
