Storefront Automotive Showroom and
For Sale
$500,000
516 Ward Street, Martinez, CA 94553
Former motorcycle sales and repair property with a front showroom storefront and a large rear workshop area.
Property Size1,703 SF
Price / SF$293.60
Days on Market81
Property Features for 516 Ward Street
General Information
Standard status
Active
Size
1,703 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
1922
Listing Agency:
Snyder Real Estate Group
(925) 876-7039
Listed By:
Mark Engelman · License #01971647
(925) 876-7039
Source:
Exitrealty
Added: Jun 6
Changed: Aug 25
Last Checked: Aug 25 at 5:33AM
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 Snyder Real Estate Group
Investment Insights
Based on property information with market context.
This property was formerly operated as a motorcycle sales and repair business. The layout includes a storefront/showroom area at the front and a large workshop area in the rear. Portions of the original single-family residence layout and features remain, including a bathroom, creating options for redevelopment. The building is a major fixer-upper and is being sold in its present condition.
The property is located in the heart of downtown Martinez, about one block from downtown Main Street. WalkScore is 91 (Walker’s Paradise) and bikeScore is 85 (Very Bikeable), supporting convenient, pedestrian-oriented access to nearby shops, restaurants, breweries, and community events.
Buyers are encouraged to verify with the City of Martinez regarding permitted uses and whether conversion back to a residence is possible, whether the property can be used for commercial purposes, or whether mixed-use options may be available.
The property is located in the heart of downtown Martinez, about one block from downtown Main Street. WalkScore is 91 (Walker’s Paradise) and bikeScore is 85 (Very Bikeable), supporting convenient, pedestrian-oriented access to nearby shops, restaurants, breweries, and community events.
Buyers are encouraged to verify with the City of Martinez regarding permitted uses and whether conversion back to a residence is possible, whether the property can be used for commercial purposes, or whether mixed-use options may be available.
Key Highlights
- Built in 1922; formerly used as a motorcycle sales and repair business.
- Front storefront/showroom plus a large workshop area in the rear.
- Originally built as a single‑family residence, with portions of the original layout and features remaining.
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
$43,549
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
8.71%
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%
$870,980
$871.0K
Cap Rate 7%
$622,129
$622.1K
Cap Rate 9%
$483,878
$483.9K
Market Conditions
NOI Build-Up for 1,703 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
$66.4K $39.00/SF
− Vacancy
−$4.2K −$2.47/SF
EGI
$62.2K $36.53/SF
− OpEx
−$18.7K −$10.96/SF
NOI
$43.5K $25.57/SF
Area
Contra Costa County, CA
Vacancy
6.33%
Lease Rate
$39.00 /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%
$870,980
Cap Rate 7%
$622,129
Cap Rate 9%
$483,878
Alternative Uses
Best Use
Retail
$622.1K
$544.4K – $725.8K
NOI $43,549 @ 7.0% cap · market cap 8.71%
Second Best
Industrial
$361.1K
$315.9K – $421.2K
NOI $25,274 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$643.7K
$563.3K – $751.0K
NOI $45,061 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,105
Businesses Nearby
3k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
U.S. Bank
Shops & Services
2,833 visits/mo
0.2 miles
Demographics for 94553, CA
49,756
Population
19,626
Households
2.5
Avg Household Size
42
Median Age
42%
College-Educated
94%
High-School Grad
61.6 sq mi
ZIP Area
808
Density / Sq Mi
$121,023
Median Household Income
$70,337
Median Earnings
$2,247
Median Rent
$781,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Former motorcycle sales and repair property with a front showroom storefront and a large rear workshop area.
Where is this auto shop located?
The property is located at 516 Ward Street Martinez, CA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Built in 1922; formerly used as a motorcycle sales and repair business.; Front storefront/showroom plus a large workshop area in the rear.; Originally built as a single‑family residence, with portions of the original layout and features remaining.
