Freestanding Retail
New
For Sale
Contact for pricing
3748 Railroad Avenue, Pittsburg, CA 94565
Two vacant units offer immediate occupancy options alongside space that currently generates income.
Property Size7,888 SF
Lot Size0.67 Acres
Price / SF$278.90
Days on Market6
Property Features for 3748 Railroad Avenue
General Information
Standard status
Active
Size
7,888 SF
Lot size
0.67 Acres
Property subtype
Retail
Building Details
Buildings
2
Listing Agency:
The Ivy Group
Listed By:
Tim Vi Tran, SIOR, CCIM · License #CA 01526603
Source:
Crexi
Added: Sep 15
Changed: Sep 19
Last Checked: Sep 19 at 8:41AM
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 Ivy Group
Investment Insights
Based on property information with market context.
This storefront property comprises a ±29,185 SF parcel improved with two freestanding buildings totaling ±7,888 SF. Two units are vacant, including a ±1,400 SF former bar and a ±400 SF former tattoo studio, providing flexible space for an owner-user or new tenants. The remainder of the asset is occupied and producing income.
The property is located at 3748 Railroad Avenue in Pittsburg, on a corridor served by the Pittsburg Center BART station. The station is part of the eBART Yellow Line, which connects Antioch with San Francisco International Airport and Millbrae. The combination of multiple building areas, available units, and transit access supports a range of storefront-oriented commercial uses.
The property is located at 3748 Railroad Avenue in Pittsburg, on a corridor served by the Pittsburg Center BART station. The station is part of the eBART Yellow Line, which connects Antioch with San Francisco International Airport and Millbrae. The combination of multiple building areas, available units, and transit access supports a range of storefront-oriented commercial uses.
Key Highlights
- ±29,185 SF parcel with two freestanding buildings
- Buildings total ±7,888 SF
- Two vacant units available for occupancy
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
$201,711
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
9.17%
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%
$4,034,220
$4.0M
Cap Rate 7%
$2,881,586
$2.9M
Cap Rate 9%
$2,241,233
$2.2M
Market Conditions
NOI Build-Up for 7,888 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
$307.6K $39.00/SF
− Vacancy
−$19.5K −$2.47/SF
EGI
$288.2K $36.53/SF
− OpEx
−$86.4K −$10.96/SF
NOI
$201.7K $25.57/SF
Area
Contra Costa County, CA
Vacancy
6.33%
Lease Rate
$39.00 /SF/Yr
Expense Ratio
30.00%
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%
$4,034,220
Cap Rate 7%
$2,881,586
Cap Rate 9%
$2,241,233
Alternative Uses
Best Use
Retail
$2.88M
$2.52M – $3.36M
NOI $201,711 @ 7.0% cap · market cap 9.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.98M
$2.61M – $3.48M
NOI $208,716 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
739
Businesses Nearby
172k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 21%
Groceries 20%
Electronics 3%
Foods Co
Groceries
35,155 visits/mo
0.4 miles
McDonald's
Dining
25,389 visits/mo
0.4 miles
Dollar Tree
Shops & Services
18,329 visits/mo
0.3 miles
Bank of America
Shops & Services
16,121 visits/mo
0.5 miles
Wells Fargo
Shops & Services
15,521 visits/mo
0.2 miles
Demographics for 94565, CA
100,341
Population
31,173
Households
3.2
Avg Household Size
35
Median Age
22%
College-Educated
78%
High-School Grad
45.3 sq mi
ZIP Area
2,215
Density / Sq Mi
$95,035
Median Household Income
$44,149
Median Earnings
$2,145
Median Rent
$563,300
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?
Storefront property - Two vacant units offer immediate occupancy options alongside space that currently generates income.
Where is this storefront property located?
The property is located at 3748 Railroad Avenue Pittsburg, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: ±29,185 SF parcel with two freestanding buildings; Buildings total ±7,888 SF; Two vacant units available for occupancy
