Two-Suite Office
For Sale
$650,000
710 Ferry St, Martinez, CA 94553
Commercial Sale, Martinez, CA
Property Size2,490 SF
Lot Size0.06 Acres
Price / SF$261.04
Days on Market205
Property Features for 710 Ferry St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
cc
Subdivision
Downtown Martine
Lot features
Commercial
Directions
Main< Ferry
Standard status
Active
APN
3731930107
Size
2,490 SF
Lot size
0.06 Acres
Building Details
Year built
1950
Listing Agency:
RE/MAX Accord · RE/MAX International
(925) 947-1777
Listed By:
Courtney Ayers
(925) 818-9649
Added: Jan 28
Changed: Aug 19
Last Checked: Aug 21 at 10:06PM
MLS# 41122346
Copyright © 2026 Contra Costa Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 710 Ferry St in Martinez, this 2,490-square-foot commercial building contains two separate suites. Constructed in 1950, the property is zoned cc and supports office, retail, or residential use under the stated zoning framework.
The building sits approximately half a block from Main St in downtown Martinez. The location is served by Amtrak’s Capitol Corridor, while the nearby year-round Sunday farmers market draws 3,500 people to downtown each week. The property is also within a city described as undergoing business growth and revitalization, with redevelopment initiatives discussed for the marina area.
The building sits approximately half a block from Main St in downtown Martinez. The location is served by Amtrak’s Capitol Corridor, while the nearby year-round Sunday farmers market draws 3,500 people to downtown each week. The property is also within a city described as undergoing business growth and revitalization, with redevelopment initiatives discussed for the marina area.
Key Highlights
- 2,490‑square‑foot building with two separate suites
- Zoned cc for office, retail, or residential use
- Approximately half a block from Main St
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
$45,022
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
6.93%
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%
$900,440
$900.4K
Cap Rate 7%
$643,171
$643.2K
Cap Rate 9%
$500,244
$500.2K
Market Conditions
NOI Build-Up for 2,490 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
$73.2K $29.40/SF
− Vacancy
−$13.2K −$5.29/SF
EGI
$60.0K $24.11/SF
− OpEx
−$15.0K −$6.03/SF
NOI
$45.0K $18.08/SF
Area
Contra Costa County, CA
Vacancy
18.00%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
25.00%
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%
$900,440
Cap Rate 7%
$643,171
Cap Rate 9%
$500,244
Alternative Uses
Best Use
Retail
$909.6K
$795.9K – $1.06M
NOI $63,674 @ 7.0% cap · market cap 9.80%
Second Best
Office B
$643.2K
$562.8K – $750.4K
NOI $45,022 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$941.2K
$823.6K – $1.10M
NOI $65,885 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,109
Businesses Nearby
Explore this area
Business Placement
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two suites support office, retail, or residential use within a flexible commercial layout.
Where is this office units located?
The property is located at 710 Ferry St Martinez, CA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,490‑square‑foot building with two separate suites; Zoned cc for office, retail, or residential use; Approximately half a block from Main St
