Tilt-Up Flex
For Sale
Contact for pricing
549 Garcia Ave, Pittsburg, CA 94565
Secure gated complex industrial flex property with office, warehouse, roll-up doors, sprinklers, and skylights.
Property Size4,600 SF
Price / SF$239.13
Days on Market396
Property Features for 549 Garcia Ave
General Information
Standard status
Active
Size
4,600 SF
Property subtype
INDUSTRIAL
Additional Details
Business Included
No
Sprinkler System
Yes
Amenities
restrooms
mezzanine storage
skylights
gated complex
Building Details
Construction
concrete tilt-up
Listing Agency:
The Ivy Group
(510) 213-8883
Listed By:
Tim Vi Tran
(408) 799-5290
Source:
Moodyscre
Added: Aug 14, 2025
Changed: Aug 16
Last Checked: Sep 12 at 7:19AM
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 The Ivy Group
Investment Insights
Based on property information with market context.
Durable concrete tilt-up flex warehouse with office space, warehouse area, two restrooms, and bonus mezzanine storage. The warehouse features grade-level roll-up doors for straightforward access, along with a sprinkler system and skylights to support safety and natural light.
The property is located within a secure, gated complex.
Overall, the layout combines functional office space with warehouse and additional mezzanine storage, making it suited for operations that require both work space and efficient loading access.
The property is located within a secure, gated complex.
Overall, the layout combines functional office space with warehouse and additional mezzanine storage, making it suited for operations that require both work space and efficient loading access.
Key Highlights
- Durable concrete tilt‑up construction
- Flex space includes office area and warehouse area
- Warehouse features sprinkler system and skylights
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
$82,896
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
7.54%
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%
$1,657,920
$1.7M
Cap Rate 7%
$1,184,229
$1.2M
Cap Rate 9%
$921,067
$921.1K
Market Conditions
NOI Build-Up for 4,600 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
$102.1K $22.20/SF
− Vacancy
−$4.6K −$1.00/SF
EGI
$97.5K $21.20/SF
− OpEx
−$14.6K −$3.18/SF
NOI
$82.9K $18.02/SF
Area
Contra Costa County, CA
Vacancy
4.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
15.00%
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%
$1,657,920
Cap Rate 7%
$1,184,229
Cap Rate 9%
$921,067
Alternative Uses
Best Use
Warehouse
$1.18M
$1.04M – $1.38M
NOI $82,896 @ 7.0% cap · market cap 7.54%
Second Best
Flex RnD
$993.7K
$869.5K – $1.16M
NOI $69,556 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,716 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
976
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
- All Star Tamales Catering — 510 Garcia Ave STE D, Pittsburg, CA 94565
Frequently Asked Questions
What type of property is this?
Flex space - Secure gated complex industrial flex property with office, warehouse, roll-up doors, sprinklers, and skylights.
Where is this flex space located?
The property is located at 549 Garcia Ave Pittsburg, CA.
What is the asking price?
The asking price for this property is $1,099,999.
What are key features of this property?
This property features: Durable concrete tilt‑up construction; Flex space includes office area and warehouse area; Warehouse features sprinkler system and skylights
