Historic Restaurant Opportunity For
4223 First St, Pleasanton, CA 94566
Established fast food restaurant with loyal customer base.
Type:Commercial/Industrial
Property size:
1,200 SFPrice / SF:
$245/SF- Added:
- Mar 24, 2026
- Days on Market:
- 54
- Last Refresh:
- Apr 5 at 8:27 pm
Property Features for 4223 First St
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1964
Listing agent Mike Fracisco License #01378428
Listing office Fracisco Realty (925) 998-8131
Listing date Mar 24, 2026
Source Exitrealty
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 Fracisco Realty
HighLights
- Established, well‑known fast food restaurant (Bob's Giant Burgers) operating since 1971.
- Prime location on busy 1st Street in Pleasanton.
- Anchor tenant in Pleasant Plaza Shopping Center.
- Ample parking for customers.
- Walking distance to Historic Downtown Pleasanton.
- Family‑owned business with loyal customer following.
Overview
This is a business opportunity to own Bob's Giant Burgers, an independent fast food restaurant established in 1971. The family-owned business is known throughout the Tri-Valley and has a loyal customer following. It is one of the main anchor tenants in the Pleasant Plaza Shopping Center. The property is located on 1st Street in Pleasanton and has ample parking for customers. It is within walking distance of Historic Downtown Pleasanton. The property size is 1200 square feet.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$245.5K
NOI $22,097 @ 9.00% cap · cautious / downside scenario
Moderate
$315.7K
NOI $22,097 @ 7.00% cap · market / base-case scenario
Aggressive
$441.9K
NOI $22,097 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.7k | $26.40 |
| − Vacancy | −$2.2k | −$1.85 |
| EGI | $29.5k | $24.55 |
| − OpEx | −$7.4k | −$6.14 |
| NOI | $22.1k | $18.41 |
1,200 SF · lease $26.40/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$315.7K
$276.2K – $368.3K
NOI $22,097 @ 7.0% cap · market cap 7.49%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$5.47M
$4.79M – $6.38M
NOI $382,952 @ 7.0% cap · market cap 129.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Bob's Giant Burgers
Restaurant
Location Insight
- Map
- Local Demand
- City
- Pleasanton
- County
- Alameda
- State
- California
- Longitude
- -121.8706356
- Latitude
- 37.6629032
Nearby Similar for Sale
FAQs
What type of property is this?
Drive through restaurant - Established fast food restaurant with loyal customer base.
Where is this drive through restaurant located?
The property is located at 4223 First St Pleasanton, CA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Established, well‑known fast food restaurant (Bob's Giant Burgers) operating since 1971.; Prime location on busy 1st Street in Pleasanton.; Anchor tenant in Pleasant Plaza Shopping Center.
