Medical Office
For Sale
Contact for pricing
Pending
3160 Garrity Way, Richmond, CA 94806
CR zoning and immediate post-closing occupancy support an owner-user strategy.
Property Size5,950 SF
Days on Market165
Property Features for 3160 Garrity Way
General Information
Standard status
Pending
Size
5,950 SF
Total Parking Spaces
15
Property subtype
Retail, Office
Zoning
CR (Regional Commercial)
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2006
Buildings
1
Stories
1
Units
26
Listing Agency:
HL Commercial Real Estate
Listed By:
Mark Cooper · License #CA 01814831
(415) 454-2030
Source:
Crexi
Added: May 6
Changed: Oct 14
Last Checked: Oct 16 at 8:44AM
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 HL Commercial Real Estate
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Investment Insights
Based on property information with market context.
This 5,950-square-foot medical office property at 3160 Garrity Way offers an owner-user configuration within Richmond’s Hilltop area. The asset is zoned CR (Regional Commercial), and occupancy can begin immediately after closing, subject to the transaction timeline.
The property sits along an established East Bay commercial corridor near the former Hilltop Mall site, where a large mixed-use redevelopment is planned. Interstate 80, Richmond Parkway, and San Pablo Avenue provide access across the East Bay and into the broader San Francisco Bay Area. Nearby retail, service businesses, and residential neighborhoods contribute to an established surrounding commercial setting.
The property sits along an established East Bay commercial corridor near the former Hilltop Mall site, where a large mixed-use redevelopment is planned. Interstate 80, Richmond Parkway, and San Pablo Avenue provide access across the East Bay and into the broader San Francisco Bay Area. Nearby retail, service businesses, and residential neighborhoods contribute to an established surrounding commercial setting.
Key Highlights
- 5,950‑square‑foot medical office property
- CR (Regional Commercial) zoning
- Immediate occupancy available after closing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,779
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,475,580
$1.5M
Cap Rate 7%
$1,053,986
$1.1M
Cap Rate 9%
$819,767
$819.8K
Market Conditions
NOI Build-Up for 5,950 SF
Gross rent
$117.8K $19.80/SF
− Vacancy
−$19.4K −$3.27/SF
EGI
$98.4K $16.53/SF
− OpEx
−$24.6K −$4.13/SF
NOI
$73.8K $12.40/SF
Area
Richmond, CA
Vacancy
16.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,475,580
Cap Rate 7%
$1,053,986
Cap Rate 9%
$819,767
Alternative Uses
Best Use
Office B
$1.05M
$922.2K – $1.23M
NOI $73,779 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.42M
$1.24M – $1.66M
NOI $99,500 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
854
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - CR zoning and immediate post-closing occupancy support an owner-user strategy.
Where is this office building located?
The property is located at 3160 Garrity Way Richmond, CA.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: 5,950‑square‑foot medical office property; CR (Regional Commercial) zoning; Immediate occupancy available after closing
