Freestanding Industrial/Commercial Building For
For Sale
$1,330,000
4800 Bissell Avenue, Richmond, CA 94805
Freestanding commercial building with secure access, parking, and private yard.
Property Size11,381 SF
Price / SF$116.86
Days on Market107
Property Features for 4800 Bissell Avenue
General Information
Standard status
Active
Size
11,381 SF
Amenities
Over 18 Ft Ceilings
Building Details
Building Size
11,381 SF
Year Built
1949
Listing Agency:
ALL STAR HOMES
(415) 756-7228
Listed By:
Mei Huang
(415) 756-7228
Source:
Evrealestate
Added: May 15
Changed: Aug 26
Last Checked: Aug 28 at 9:22AM
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 ALL STAR HOMES
Investment Insights
Based on property information with market context.
This freestanding industrial/commercial building features secure, gated access, a large gated parking lot, and a private yard area. The property offers approximately 12,000 sq. ft. of usable space, a flexible layout with private offices and conference rooms on both upper and lower levels, and a 1.05 parking ratio with 12 parking spaces. It also includes 20 ft clear height, heavy power with 1,200 amps / 3-phase service, and an oversized drive-in door approximately 10 ft x 17 ft. The location is convenient yet private, directly across from Bank of America, with quick access to major freeways. It is a great opportunity for an owner-user or investor seeking secure, functional space with strong power capacity and excellent accessibility.
Key Highlights
- Freestanding building with secure gated access, parking, and private yard.
- 12,000 sq. ft. of usable space with flexible office layout on two levels.
- Heavy power: 1,200 amps / 3‑phase service.
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
$70,616
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
5.31%
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%
$1,412,320
$1.4M
Cap Rate 7%
$1,008,800
$1.0M
Cap Rate 9%
$784,622
$784.6K
Market Conditions
NOI Build-Up for 11,381 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
$106.5K $9.36/SF
− Vacancy
−$5.6K −$0.50/SF
EGI
$100.9K $8.86/SF
− OpEx
−$30.3K −$2.66/SF
NOI
$70.6K $6.20/SF
Area
Richmond, CA
Vacancy
5.30%
Lease Rate
$9.36 /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%
$1,412,320
Cap Rate 7%
$1,008,800
Cap Rate 9%
$784,622
Alternative Uses
Best Use
Flex RnD
$1.98M
$1.74M – $2.31M
NOI $138,839 @ 7.0% cap · market cap 10.44%
Second Best
Industrial
$1.01M
$882.7K – $1.18M
NOI $70,616 @ 7.0% cap · market cap 5.31%
Theoretical Best
Multifamily LT 5
$2.72M
$2.38M – $3.17M
NOI $190,321 @ 7.0% cap · market cap 14.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
895
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Freestanding commercial building with secure access, parking, and private yard.
Where is this flex space located?
The property is located at 4800 Bissell Avenue Richmond, CA.
What is the asking price?
The asking price for this property is $1,330,000.
What are key features of this property?
This property features: Freestanding building with secure gated access, parking, and private yard.; 12,000 sq. ft. of usable space with flexible office layout on two levels.; Heavy power: 1,200 amps / 3‑phase service.
