Mixed-Use Property with Beer
For Sale
$800,000
809 W 2Nd St, Antioch, CA 94509
Two updated residential units complement leased ground-floor commercial space in a flexible income-producing configuration.
Property Size2,773 SF
Price / SF$288.50
Days on Market152
Property Features for 809 W 2Nd St
General Information
Standard status
Active
Size
2,773 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1906
Listing Agency:
Keller Williams Realty
(925) 586-0963
Listed By:
Istvan Sonkoly · License #01119158
(925) 586-0963
Source:
Exitrealty
Added: Apr 1
Changed: Aug 30
Last Checked: Aug 30 at 2:29PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This mixed-use property at 809 W 2nd St combines two residential apartments with ground-floor commercial space occupied by a beer garden. The residential component includes one 2-bedroom, 1-bath unit and one 1-bedroom, 1-bath unit. Both apartments feature fresh paint, hardwood flooring, and modern appliances. The property was built in 1906 and contains 2,773 square feet.
The commercial space is leased under a 5-year contract that began in May 2024, with the business responsible for its own utilities. On-site and street parking serve the property, which occupies a double lot in Downtown Antioch. The City of Antioch has approved mixed-use development, and the source information identifies potential for an 11-22 unit condominium project.
The commercial space is leased under a 5-year contract that began in May 2024, with the business responsible for its own utilities. On-site and street parking serve the property, which occupies a double lot in Downtown Antioch. The City of Antioch has approved mixed-use development, and the source information identifies potential for an 11-22 unit condominium project.
Key Highlights
- 2,773‑square‑foot mixed‑use property built in 1906
- Two residential units: one 2‑bed/1‑bath and one 1‑bed/1‑bath
- Ground‑floor beer garden commercial space with a 5‑year lease starting May 2024
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
$48,860
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
6.11%
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%
$977,200
$977.2K
Cap Rate 7%
$698,000
$698.0K
Cap Rate 9%
$542,889
$542.9K
Market Conditions
NOI Build-Up for 2,773 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
$68.2K $24.60/SF
− Vacancy
−$3.1K −$1.11/SF
EGI
$65.1K $23.49/SF
− OpEx
−$16.3K −$5.87/SF
NOI
$48.9K $17.62/SF
Area
Antioch, CA
Vacancy
4.50%
Lease Rate
$24.60 /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%
$977,200
Cap Rate 7%
$698,000
Cap Rate 9%
$542,889
Alternative Uses
Best Use
Specialty Retail
$698.0K
$610.8K – $814.3K
NOI $48,860 @ 7.0% cap · market cap 6.11%
Second Best
Multifamily LT 5
$678.2K
$593.5K – $791.3K
NOI $47,476 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$840.0K
$735.0K – $980.0K
NOI $58,799 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
683
Businesses Nearby
Explore this area
Business Placement
Demographics for 94509, CA
69,931
Population
24,048
Households
2.9
Avg Household Size
36
Median Age
19%
College-Educated
82%
High-School Grad
17.4 sq mi
ZIP Area
4,019
Density / Sq Mi
$81,512
Median Household Income
$42,401
Median Earnings
$2,052
Median Rent
$565,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two updated residential units complement leased ground-floor commercial space in a flexible income-producing configuration.
Where is this mixed-use property located?
The property is located at 809 W 2Nd St Antioch, CA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 2,773‑square‑foot mixed‑use property built in 1906; Two residential units: one 2‑bed/1‑bath and one 1‑bed/1‑bath; Ground‑floor beer garden commercial space with a 5‑year lease starting May 2024
