Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    321 Hartz Ave Danville, CA 94526

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Office and retail condominiums in historic Downtown Danville.

    Type:Retail, Office
    Property size:
    12,150 SF
    Lot size:
    0.25 Acres
    Added:
    Apr 2, 2021
    Days on Market:
    1842
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 321 Hartz Ave

    General Information

    Standard status
    Active
    Size
    12,150 SF
    Lot size
    0.25 Acres
    Property subtype
    Retail, Office

    Building Details

    Year Built
    1985

    We can help!

    Listing Contact
    Adria Giacomelli

    Listing agent Adria Giacomelli

    Listing office Lockehouse Retail Group

    Listing date Apr 2, 2021

    Source Crexi

    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 Lockehouse Retail Group

    Overview

    Downtown Danville Retail/Office Condominiums

    Located in the heart of Downtown Danville, this multi-tenant retail and office building was built in 1985. The property, situated on approximately 0.25 acres, has a total area of approximately 12,150 square feet. It is prominently located near the corner of Diablo Road and Hartz Avenue, immediately adjacent to The Clock Tower Parking Lot. The ground floor retail condominiums are generally limited to retail, restaurant, bar/nightclub lounge, or tasting room uses, following the uses of Downtown Business District 1 (DBD1). Office uses are permitted on the second floor. The property offers convenient accessibility to various retail and restaurant amenities, visibility, charm, and easy access to the I-680 freeway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Danville Commons on Hartz Association / Organization Patterson Ranch Inc Real Estate Agency Vector Marketing Corporation Advertising Agency Antigua Doors Hardware & Home Improvement Mercantile Finance Co Loan Service

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Contra Costa
    State
    California
    Longitude
    -122.0009976
    Latitude
    37.8221603

    Nearby Similar for Sale

    • $3,680,000
      5,022 SF

      Danville Retail Investment Opportunity

      Retail property for sale in Danville, CA with long-term lease.
      44 Church St, Danville, CA
      View Details
    • Contact for pricing

      Danville Professional Office For Sale

      Professional office building near downtown Danville, suitable for owner/user.
      30 Oak Court, Danville, CA 94526
      View Details
    • Contact for pricing
      3,148 SF

      Danville Professional Office For Sale

      Professional office building near downtown Danville, suitable for owner/user.
      30 Oak Court, Danville, CA 94526
      View Details
    • $5,450,000
      7,434 SF

      Danville Restaurant Asset Opportunity

      Two restaurant properties available in downtown Danville, California.
      480 Hartz Ave, Danville, CA
      View Details
    • $3,850,000
      3,660 SF

      Medical/Dental Office Space Available

      Office space approved for medical/dental use near Blackhawk Plaza.
      4145 Blackhawk Plaza Cir, Danville, CA
      View Details
    • $1,975,000
      1,617 SF

      Danville Commercial Property For Sale

      Prime commercial property in the heart of downtown Danville, CA.
      Linda Mesa Ave, Danville, CA 94526
      View Details
    • Contact for pricing
      1,972 SF

      Downtown Danville Condominium Opportunity

      Condominium in the heart of Downtown Danville for sale.
      321 Hartz Ave, Danville, CA
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Office and retail condominiums in historic Downtown Danville.
    Where is this mixed-use property located?
    The property is located at 321 Hartz Ave Danville, CA.
    What is the asking price?
    The asking price for this property is $1,972,000.
    What are key features of this property?
    This property features: Prime location in the heart of Downtown Danville, adjacent to The Clock Tower Parking Lot.; Easy access to I‑680 freeway.; Versatile use options: retail, restaurant, bar/nightclub lounge, tasting room, and office.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Adria Giacomelli
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!