Multi-Tenant Office
For Sale
$725,000
3978 Railroad Ave, Pittsburg, CA 94565
Commercial Sale, Pittsburg, CA
Property Size3,200 SF
Lot Size0.25 Acres
Price / SF$226.56
Days on Market10
Property Features for 3978 Railroad Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CN
Exterior features
Front Sign
Fencing
Fenced
Subdivision
Not Listed
Lot features
Business District, Commercial, Neighborhood Commercial
Directions
Off highway 4, Exit Railroad, right side of street
Standard status
Active
APN
0871510269
Size
3,200 SF
Lot size
0.25 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1976
Floors in Building
1
Building materials
Brick Veneer, Concrete, Frame, Wood Siding
Listing Agency:
Kinetic Real Estate
(925) 849-4955
Listed By:
Luis Velasco · License #01931986
(925) 577-6038
Added: Aug 13
Changed: Aug 20
Last Checked: Aug 22 at 10:06AM
MLS# 41144910
Copyright © 2026 Contra Costa Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 3978 Railroad Avenue in Pittsburg, this approximately 3,200-square-foot office building contains three independently accessed units. Two units are occupied, while the vacant unit has been updated and includes an open reception area with private offices. The configuration supports professional services, office use, and retail services under CN zoning.
The property sits on a 0.25-acre parcel with a 17-stall parking lot, front signage, fencing, and access to public water and public sewer. Constructed in 1976, the building incorporates brick veneer, concrete, frame, and wood siding materials. Its separate entrances and multi-unit layout provide flexibility for an owner-user or multiple occupants.
The property sits on a 0.25-acre parcel with a 17-stall parking lot, front signage, fencing, and access to public water and public sewer. Constructed in 1976, the building incorporates brick veneer, concrete, frame, and wood siding materials. Its separate entrances and multi-unit layout provide flexibility for an owner-user or multiple occupants.
Key Highlights
- Approximately 3,200 square feet configured as three separate office units
- Two units occupied; one updated vacant unit with reception area and private offices
- CN zoning supports professional services, retail services, and office uses
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
$57,859
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
7.98%
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%
$1,157,180
$1.2M
Cap Rate 7%
$826,557
$826.6K
Cap Rate 9%
$642,878
$642.9K
Market Conditions
NOI Build-Up for 3,200 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
$94.1K $29.40/SF
− Vacancy
−$16.9K −$5.29/SF
EGI
$77.1K $24.11/SF
− OpEx
−$19.3K −$6.03/SF
NOI
$57.9K $18.08/SF
Area
Contra Costa County, CA
Vacancy
18.00%
Lease Rate
$29.40 /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%
$1,157,180
Cap Rate 7%
$826,557
Cap Rate 9%
$642,878
Alternative Uses
Best Use
Office B
$826.6K
$723.2K – $964.3K
NOI $57,859 @ 7.0% cap · market cap 7.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,672 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
454
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - CN-zoned commercial property with separate entrances, on-site parking, and a vacant unit configured for service-oriented occupancy.
Where is this office building located?
The property is located at 3978 Railroad Ave Pittsburg, CA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Approximately 3,200 square feet configured as three separate office units; Two units occupied; one updated vacant unit with reception area and private offices; CN zoning supports professional services, retail services, and office uses
