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    4909 Central Ave Richmond, CA 94804

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    For Lease
    Contact for pricing

    Richmond facility with warehouse, storage, and office spaces for rent.

    Type:Industrial
    Added:
    Mar 22, 2022
    Days on Market:
    1485
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 4909 Central Ave

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Building Details

    Year Built
    1984

    Spaces For Lease

    at 4909 Central Ave Contact us

    3250 Sq. Ft. Showroom Flex Space $1.10 /Mo

    Size
    3,250 SF
    Type
    Industrial
    Discover Your Ideal Office or Showroom SpacennVersatile 3,250 square foot unit, perfect...
    show more
    Contact us

    F1 $2 /Mo

    Size
    3,150 SF
    Type
    Industrial
    Contact us

    D13 $2 /Mo

    Size
    185 SF
    Type
    Industrial
    Contact us

    H1C $2 /Mo

    Size
    300 SF
    Type
    Industrial
    Contact us

    H1A $2 /Mo

    Size
    600 SF
    Type
    Industrial
    Contact us

    SR1 $1.23 /Mo

    Size
    3,250 SF
    Type
    Industrial
    Contact us

    F7 $2 /Mo

    Size
    2,500 SF
    Type
    Industrial
    Contact us

    D14 $2 /Mo

    Size
    550 SF
    Type
    Industrial
    Contact us

    D15 $2 /Mo

    Size
    650 SF
    Type
    Industrial
    Contact us

    A7 $2 /Mo

    Size
    340 SF
    Type
    Industrial
    Contact us

    C6 $2 /Mo

    Size
    650 SF
    Type
    Industrial
    Contact us

    D16 $2 /Mo

    Size
    625 SF
    Type
    Industrial
    Contact us

    D12 $2 /Mo

    Size
    185 SF
    Type
    Industrial
    Contact us
    Show more

    We can help!

    Listing Contact
    Ready Spaces

    Listing agent Ready Spaces License #FLBO

    Listing office Ready Spaces

    Listing date Mar 22, 2022

    Source Crexi

    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 Ready Spaces

    Overview

    Flexible Warehouse, Storage, and Office

    ReadySpaces Richmond offers flexible warehouse, storage, and office spaces within a community of businesses. The facility provides 24/7 building access and flexible lease terms, including short-term options. Spaces feature grade-level and dock-high doors, with power (120V/240V/208V) available. Security is enhanced by video surveillance and monitoring. Tenants have access to a forklift (training class available), modern office suites, conference rooms, and common spaces. Air-conditioned warehouse units, pallet jacks, and loading carts are also available. The property includes a secured yard and parking area. Current uses within the facility include participation sports, home staging showrooms, distribution, general storage/warehousing/workspace, moving company/furniture storage, contractor storage, retail storage, e-commerce fulfillment, and repair/production/manufacturing space. Note that indoor vehicle storage is not permitted. The location is conveniently situated near I-580 and I-80, between Richmond and Berkeley.
    Location Intelligence

    Current Use by Public Records

    Hopsy, Inc Corporate Office ReadySpaces Storage Facility SimplyInsured Insurance Agency G away (Bike/Boat/Book/etc) Store Mineral Market Big Box & Wholesale Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Contra Costa
    State
    California
    Longitude
    -122.3184423
    Latitude
    37.8993665

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      Richmond Warehouse Space Available Now

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      Richmond Warehouse Space Available

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      Richmond Industrial Building For Lease

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      View Details
    • Contact for pricing

      Richmond Industrial Property Under Construction

      Industrial property in Richmond, CA, delivering Q1 2025.
      1411 Harbour Way S, Richmond, CA
      View Details
    • $1.25/mo

      Richmond Industrial Building with Cranes

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      View Details
    • Contact for pricing

      Richmond Warehouse Space Available

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      View Details

    FAQs

    What type of property is this?
    Flex space - Richmond facility with warehouse, storage, and office spaces for rent.
    Where is this flex space located?
    The property is located at 4909 Central Ave Richmond, CA.
    What are key features of this property?
    This property features: Flexible lease terms, including short term; 24/7 building access; Free forklift use for tenants (training available)
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ready Spaces
    Real Estate License ID: FLBO
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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