Richmond Flex Industrial Building For
For Sale
Contact for pricing
641 Juliga Woods St, Richmond, CA 94804
Four-unit flex industrial building near I-580 and I-80.
Property Size4,000 SF
Price / SF$207.50
Days on Market157
Property Features for 641 Juliga Woods St
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Industrial
Zoning
IL
Investment Type
Owner/User
Building Details
Year Built
1970
Units
4
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Sacramento
Listed By:
James Beeghly · License #02216588
Source:
Crexi
Added: Mar 12
Changed: Aug 14
Last Checked: Aug 14 at 6:05AM
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 Marcus & Millichap - Sacramento
Investment Insights
Based on property information with market context.
Located at 641 Juliga Woods Street in Richmond, this four-unit flex industrial building offers an opportunity for an owner-user or investor. The building features approximately 12-foot clear heights and four roll-up doors, accommodating contractors, service businesses, light manufacturing, and distribution operations. Constructed of concrete masonry, the property includes a small fenced yard area and ample street parking. It is situated 0.2 miles from Interstate 580 and approximately 1.2 miles from Interstate 80, providing regional access throughout the East Bay and the broader Bay Area logistics network. The property, totaling 4000 square feet, is positioned below replacement cost for comparable industrial construction in the Bay Area. Comparable small-bay industrial properties in the immediate vicinity indicate pro-forma rents of roughly $1.90 per square foot. As of Q4 2025, vacancy for comparable small-bay industrial properties was reported at 3.0%. Demand for these properties is supported by a structural shortage of supply, as new small-bay industrial development remains limited due to high land prices, construction costs, and entitlement barriers throughout the Bay Area.
Key Highlights
- Strategic location: Just 0.2 miles from Interstate 580 and 1.2 miles from Interstate 80, providing convenient regional access.
- Below replacement cost for comparable Bay Area industrial construction.
- Four‑unit flex industrial building allowing for owner‑user occupancy with rental income potential.
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
$48,797
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
5.88%
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%
$975,940
$975.9K
Cap Rate 7%
$697,100
$697.1K
Cap Rate 9%
$542,189
$542.2K
Market Conditions
NOI Build-Up for 4,000 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
$81.6K $20.40/SF
− Vacancy
−$6.5K −$1.63/SF
EGI
$75.1K $18.77/SF
− OpEx
−$26.3K −$6.57/SF
NOI
$48.8K $12.20/SF
Area
Richmond, CA
Vacancy
8.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
35.00%
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%
$975,940
Cap Rate 7%
$697,100
Cap Rate 9%
$542,189
Alternative Uses
Best Use
Flex RnD
$697.1K
$610.0K – $813.3K
NOI $48,797 @ 7.0% cap · market cap 5.88%
Second Best
Industrial
$354.6K
$310.2K – $413.7K
NOI $24,819 @ 7.0% cap · market cap 2.99%
Theoretical Best
Multifamily LT 5
$955.6K
$836.1K – $1.11M
NOI $66,891 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
621
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94804, CA
45,108
Population
16,659
Households
2.7
Avg Household Size
37
Median Age
32%
College-Educated
78%
High-School Grad
6.5 sq mi
ZIP Area
6,940
Density / Sq Mi
$86,430
Median Household Income
$46,473
Median Earnings
$1,825
Median Rent
$618,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Joyful Culinary Creations — N/A, Richmond, CA 94804
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Frequently Asked Questions
What type of property is this?
Flex space - Four-unit flex industrial building near I-580 and I-80.
Where is this flex space located?
The property is located at 641 Juliga Woods St Richmond, CA.
What is the asking price?
The asking price for this property is $830,000.
What are key features of this property?
This property features: Strategic location: Just 0.2 miles from Interstate 580 and 1.2 miles from Interstate 80, providing convenient regional access.; Below replacement cost for comparable Bay Area industrial construction.; Four‑unit flex industrial building allowing for owner‑user occupancy with rental income potential.
