Historic Downtown
For Sale
$1,799,000
Pending
721 Main Street, Martinez, CA 94553
Street-facing retail property in Martinez’s historic downtown with CC zoning and on-street parking.
Property Size5,671 SF
Days on Market78
Property Features for 721 Main Street
General Information
Standard status
Pending
Size
5,671 SF
Zoning
CC
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
On Street
Building Details
Building Size
5,671 SF
Year Built
1911
Stories
3
Listing Agency:
BHG RE Reliance Partners
(510) 282-9898
Listed By:
Ting Yu Zhu · License #01461761
(510) 282-9898
Source:
Evrealestate
Added: Jun 15
Changed: Aug 30
Last Checked: Aug 30 at 5:06PM
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 BHG RE Reliance Partners
Investment Insights
Based on property information with market context.
This 5,671-square-foot storefront property was built in 1911 and is positioned on Main Street in Historic Downtown Martinez. The building’s storefront configuration supports retail-oriented commercial use, while CC zoning provides the stated land-use designation for the property.
Access is available from I-680 via Marina Vista Ave and Main Street. On-street parking is provided along the property frontage, adding a practical convenience for customers and visitors. The property is located in Contra Costa County.
Access is available from I-680 via Marina Vista Ave and Main Street. On-street parking is provided along the property frontage, adding a practical convenience for customers and visitors. The property is located in Contra Costa County.
Key Highlights
- 5,671‑square‑foot storefront property
- Built in 1911
- Located on Main Street in Historic Downtown Martinez
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
$145,018
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
8.06%
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%
$2,900,360
$2.9M
Cap Rate 7%
$2,071,686
$2.1M
Cap Rate 9%
$1,611,311
$1.6M
Market Conditions
NOI Build-Up for 5,671 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
$221.2K $39.00/SF
− Vacancy
−$14.0K −$2.47/SF
EGI
$207.2K $36.53/SF
− OpEx
−$62.2K −$10.96/SF
NOI
$145.0K $25.57/SF
Area
Contra Costa County, CA
Vacancy
6.33%
Lease Rate
$39.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,900,360
Cap Rate 7%
$2,071,686
Cap Rate 9%
$1,611,311
Alternative Uses
Best Use
Retail
$2.07M
$1.81M – $2.42M
NOI $145,018 @ 7.0% cap · market cap 8.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.14M
$1.88M – $2.50M
NOI $150,055 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,109
Businesses Nearby
3k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
U.S. Bank
Shops & Services
2,833 visits/mo
0.1 miles
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 Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- One Stop Flower Shop — 2110 Valente Ct, Martinez, CA 94553
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Frequently Asked Questions
What type of property is this?
Storefront property - Street-facing retail property in Martinez’s historic downtown with CC zoning and on-street parking.
Where is this storefront property located?
The property is located at 721 Main Street Martinez, CA.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: 5,671‑square‑foot storefront property; Built in 1911; Located on Main Street in Historic Downtown Martinez
