Two-Suite Retail
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 Market246
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 · License #02121181
(925) 818-9649
Added: Jan 28
Changed: Oct 1
Last Checked: Oct 1 at 6:06PM
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.
This 2,490-square-foot retail building dates to 1950 and is divided into two suites. Its zoning supports retail, office, or residential use, offering several use options within the existing configuration.
The property is in downtown Martinez, about half a block from Main Street. A Sunday farmers market brings a reported 3,500 people to downtown each week, and Amtrak’s Capitol Corridor runs through the city.
The property is in downtown Martinez, about half a block from Main Street. A Sunday farmers market brings a reported 3,500 people to downtown each week, and Amtrak’s Capitol Corridor runs through the city.
Key Highlights
- 2,490‑square‑foot building divided into two suites
- Zoning allows retail, office, or residential use
- Built in 1950
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
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Retail space - The property’s two-suite configuration is zoned for retail, office, or residential use.
Where is this retail space 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 divided into two suites; Zoning allows retail, office, or residential use; Built in 1950
