Downtown Mixed-Use Investment
For Sale
Contact for pricing
602 2nd Avenue, Crockett, CA 94525
Mixed-use investment property in historic downtown Crockett, offered for sale.
Property Size4,800 SF
Price / SF$174
Days on Market115
Property Features for 602 2nd Avenue
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Retail, Office, Mixed Use
Investment Type
Value Add
Building Details
Year Built
1922
Units
3
Listing Agency:
Realty One Group Complete
Listed By:
Todd Wilson · License #02253287
Source:
Crexi
Added: May 14
Changed: Aug 8
Last Checked: Sep 4 at 8:20AM
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 Realty One Group Complete
Investment Insights
Based on property information with market context.
Exclusively offered for sale, 602 2nd Avenue is a mixed-use investment property located in the heart of historic downtown Crockett, California. The property is presented as a storefront and office units combination, fitting a mixed-use configuration.
The listing highlights the asset’s downtown setting in Crockett, positioning it within the historic commercial core.
The property is offered with a total size of 4,800 square feet.
The listing highlights the asset’s downtown setting in Crockett, positioning it within the historic commercial core.
The property is offered with a total size of 4,800 square feet.
Key Highlights
- Mixed‑use investment property in historic downtown Crockett, CA
- Year built: 1922
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
$74,520
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
8.87%
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%
$1,490,400
$1.5M
Cap Rate 7%
$1,064,571
$1.1M
Cap Rate 9%
$828,000
$828.0K
Market Conditions
NOI Build-Up for 4,800 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
$129.6K $27.00/SF
− Vacancy
−$10.4K −$2.16/SF
EGI
$119.2K $24.84/SF
− OpEx
−$44.7K −$9.32/SF
NOI
$74.5K $15.53/SF
Area
Contra Costa County, CA
Vacancy
8.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,490,400
Cap Rate 7%
$1,064,571
Cap Rate 9%
$828,000
Alternative Uses
Best Use
Retail
$1.75M
$1.53M – $2.05M
NOI $122,745 @ 7.0% cap · market cap 14.61%
Second Best
Office B
$1.24M
$1.08M – $1.45M
NOI $86,789 @ 7.0% cap · market cap 10.33%
Theoretical Best
Office A
$1.81M
$1.59M – $2.12M
NOI $127,008 @ 7.0% cap · market cap 15.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
248
Businesses Nearby
Explore this area
Business Placement
Demographics for 94525, CA
3,288
Population
1,837
Households
1.8
Avg Household Size
47
Median Age
35%
College-Educated
96%
High-School Grad
2.5 sq mi
ZIP Area
1,315
Density / Sq Mi
$101,850
Median Household Income
$65,337
Median Earnings
$2,186
Median Rent
$709,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use investment property in historic downtown Crockett, offered for sale.
Where is this mixed-use property located?
The property is located at 602 2nd Avenue Crockett, CA.
What is the asking price?
The asking price for this property is $839,990.
What are key features of this property?
This property features: Mixed‑use investment property in historic downtown Crockett, CA; Year built: 1922
