Mixed-Use Property with
For Sale
$750,000
3305 Macdonald AVE, Richmond, CA 94805
Multi-purpose building with upper-level studios, restaurant improvements, and enclosed on-site parking.
Property Size1,972 SF
Price / SF$380.32
Days on Market51
Property Features for 3305 Macdonald AVE
General Information
Standard status
Active
Size
1,972 SF
Property subtype
Commercial/Industrial
Additional Details
Equipment Included
Yes
Building Details
Year Built
2000
Listing Agency:
Security Pacific Real Estate
(510) 222-8340
Listed By:
Pat Prendiville · License #00554722
(510) 851-4663
Source:
Exitrealty
Added: Aug 12
Changed: Sep 9
Last Checked: Sep 15 at 6:06AM
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 Security Pacific Real Estate
Investment Insights
Based on property information with market context.
Located at 3305 Macdonald in Richmond, this mixed-use property is a multi-purpose building with a former restaurant component and two studio apartments positioned above. The property includes a private fenced parking lot, providing dedicated on-site parking for the building.
Some restaurant equipment and a walk-in freezer may remain, with no warranty. Built in 2000, the property is situated in an area rated Very Walkable and Very Bikeable, with a Good Transit rating. Its mixed-use configuration combines commercial space, residential units, and existing restaurant-related improvements within one property.
Some restaurant equipment and a walk-in freezer may remain, with no warranty. Built in 2000, the property is situated in an area rated Very Walkable and Very Bikeable, with a Good Transit rating. Its mixed-use configuration combines commercial space, residential units, and existing restaurant-related improvements within one property.
Key Highlights
- Two studio apartments located above the commercial space
- Former restaurant component with some equipment and a walk‑in freezer that may remain, no warranty
- Multi‑purpose mixed‑use building built in 2000
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
$29,710
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
3.96%
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%
$594,200
$594.2K
Cap Rate 7%
$424,429
$424.4K
Cap Rate 9%
$330,111
$330.1K
Market Conditions
NOI Build-Up for 1,972 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
$42.6K $21.60/SF
− Vacancy
−$3.0K −$1.51/SF
EGI
$39.6K $20.09/SF
− OpEx
−$9.9K −$5.02/SF
NOI
$29.7K $15.07/SF
Area
Richmond, CA
Vacancy
7.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$594,200
Cap Rate 7%
$424,429
Cap Rate 9%
$330,111
Alternative Uses
Best Use
Specialty Retail
$424.4K
$371.4K – $495.2K
NOI $29,710 @ 7.0% cap · market cap 3.96%
Second Best
Mixed Use
$365.3K
$319.7K – $426.2K
NOI $25,572 @ 7.0% cap · market cap 3.41%
Theoretical Best
Multifamily LT 5
$471.1K
$412.2K – $549.6K
NOI $32,977 @ 7.0% cap · market cap 4.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,417
Businesses Nearby
67k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 36%
Electronics 10%
Wells Fargo
Shops & Services
21,338 visits/mo
0.4 miles
Wingstop
Dining
11,873 visits/mo
0.4 miles
7-Eleven
Shops & Services
8,825 visits/mo
0.5 miles
AT&T
Electronics
6,808 visits/mo
0.4 miles
Panda Express
Dining
6,518 visits/mo
0.4 miles
Demographics for 94805, CA
14,958
Population
6,076
Households
2.5
Avg Household Size
41
Median Age
44%
College-Educated
86%
High-School Grad
1.9 sq mi
ZIP Area
7,873
Density / Sq Mi
$114,191
Median Household Income
$57,133
Median Earnings
$2,272
Median Rent
$738,800
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 Retail in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-purpose building with upper-level studios, restaurant improvements, and enclosed on-site parking.
Where is this mixed-use property located?
The property is located at 3305 Macdonald AVE Richmond, CA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two studio apartments located above the commercial space; Former restaurant component with some equipment and a walk‑in freezer that may remain, no warranty; Multi‑purpose mixed‑use building built in 2000
