Multi-Tenant Building in Pittsburg
For Sale
$1,430,000
4156 Railroad Ave, Pittsburg, CA 94565
6,855 SF multi-tenant building, excellent for owner-user or investment.
Property Size6,855 SF
Lot Size0.45 Acres
Price / SF$208.61
Days on Market152
Property Features for 4156 Railroad Ave
General Information
Standard status
Active
Size
6,855 SF
Lot size
0.45 Acres
Property subtype
Commercial
Building Details
Year Built
1984
Listing Agency:
Kinetic Real Estate
(925) 577-6038
Listed By:
Luis Velasco · License #01931986
(925) 577-6038
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 2:15PM
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 Kinetic Real Estate
Investment Insights
Based on property information with market context.
Located in the heart of Pittsburg, 4150 Railroad Avenue presents an opportunity for either an owner-user or an investor. This 6,855 square foot multi-tenant building is configured into three separate units. The location is suitable for retail, service, or religious-based businesses. Railroad Avenue is a main traffic artery in Pittsburg, offering high visibility. Two units are currently occupied by established tenants, generating rental income. One unit is vacant, previously occupied by a church, making it suitable for immediate lease-up or an owner-user. The building's layout and zoning allow for a variety of professional service, retail service, and office uses. Located along Railroad Avenue, a major commercial corridor, the property benefits from strong daily traffic counts and proximity to Highway 4. This property offers a value-add opportunity with upside potential through lease-up, or a business owner the chance to occupy the building while benefiting from in-place rental income.
Key Highlights
- High‑visibility location on Railroad Avenue, a major commercial corridor with strong traffic counts.
- Multi‑tenant building with two units currently generating rental income.
- Vacant unit ideal for immediate lease‑up or owner‑user 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
$123,945
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
8.67%
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%
$2,478,900
$2.5M
Cap Rate 7%
$1,770,643
$1.8M
Cap Rate 9%
$1,377,167
$1.4M
Market Conditions
NOI Build-Up for 6,855 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
$201.5K $29.40/SF
− Vacancy
−$36.3K −$5.29/SF
EGI
$165.3K $24.11/SF
− OpEx
−$41.3K −$6.03/SF
NOI
$123.9K $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%
$2,478,900
Cap Rate 7%
$1,770,643
Cap Rate 9%
$1,377,167
Alternative Uses
Best Use
Retail
$2.50M
$2.19M – $2.92M
NOI $175,295 @ 7.0% cap · market cap 12.26%
Second Best
Office B
$1.77M
$1.55M – $2.07M
NOI $123,945 @ 7.0% cap · market cap 8.67%
Theoretical Best
Office A
$2.59M
$2.27M – $3.02M
NOI $181,383 @ 7.0% cap · market cap 12.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
777
Businesses Nearby
Under-served
Demand for This Use
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
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Frequently Asked Questions
What type of property is this?
Storefront property - 6,855 SF multi-tenant building, excellent for owner-user or investment.
Where is this storefront property located?
The property is located at 4156 Railroad Ave Pittsburg, CA.
What is the asking price?
The asking price for this property is $1,430,000.
What are key features of this property?
This property features: High‑visibility location on Railroad Avenue, a major commercial corridor with strong traffic counts.; Multi‑tenant building with two units currently generating rental income.; Vacant unit ideal for immediate lease‑up or owner‑user occupancy.
