Turn-Key Martinez Multifamily
For Sale
Contact for pricing
811 Brown St, Martinez, CA 94553
Fully renovated apartment community with immediate cash flow potential.
Property Size11,468 SF
Price / SF$337.90
Days on Market150
Property Features for 811 Brown St
General Information
Standard status
Active
Size
11,468 SF
Property subtype
Multifamily
Occupancy
100%
Net Operating Income
$218,734
Building Details
Year Built
1964
Buildings
1
Stories
3
Units
12
Listing Agency:
ALIVE Commercial Real Estate
(530) 401-1885
Listed By:
Spencer Moyer · License #CA 01940191
Source:
Crexi
Added: Mar 17
Changed: Aug 10
Last Checked: Aug 13 at 4:13AM
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 ALIVE Commercial Real Estate
Investment Insights
Based on property information with market context.
The Colonial Apartments, located at 811 Brown Street in Martinez, CA, is a multifamily community constructed in 1964. The property features a unit mix of six two-bedroom/one-bath townhomes, three two-bedroom/one-bath flats, and three one-bedroom/one-bath units. Each unit offers functional layouts, modern finishes, and covered carport parking. Ten of the twelve units have undergone extensive renovations, including upgraded kitchen cabinetry, new appliances, and durable laminate plank flooring. The property also features spacious floorplans and onsite laundry. The Martinez multifamily market is characterized by limited inventory, low vacancy, and steady tenant demand. The property is professionally managed with no current vacancy, offering immediate cash flow and long-term upside potential. The building has a property size of 11468 square feet.
Key Highlights
- Fully turn‑key multifamily community with no current vacancy, offering immediate cash flow.
- Desirable unit mix including (6) two‑bedroom townhomes, (3) two‑bedroom flats, and (3) one‑bedroom units.
- Ten of twelve units have undergone extensive renovations with upgraded kitchens, new appliances, and laminate plank flooring.
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
$182,301
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
4.70%
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%
$3,646,020
$3.6M
Cap Rate 7%
$2,604,300
$2.6M
Cap Rate 9%
$2,025,567
$2.0M
Market Conditions
NOI Build-Up for 11,468 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
$348.2K $30.36/SF
− Vacancy
−$16.7K −$1.46/SF
EGI
$331.5K $28.90/SF
− OpEx
−$149.2K −$13.01/SF
NOI
$182.3K $15.90/SF
Area
Contra Costa County, CA
Vacancy
4.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
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%
$3,646,020
Cap Rate 7%
$2,604,300
Cap Rate 9%
$2,025,567
Alternative Uses
Best Use
Apartment 5plus
$2.60M
$2.28M – $3.04M
NOI $182,301 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.33M
$3.79M – $5.06M
NOI $303,443 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
869
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 Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully renovated apartment community with immediate cash flow potential.
Where is this apartment building located?
The property is located at 811 Brown St Martinez, CA.
What is the asking price?
The asking price for this property is $3,875,000.
What are key features of this property?
This property features: Fully turn‑key multifamily community with no current vacancy, offering immediate cash flow.; Desirable unit mix including (6) two‑bedroom townhomes, (3) two‑bedroom flats, and (3) one‑bedroom units.; Ten of twelve units have undergone extensive renovations with upgraded kitchens, new appliances, and laminate plank flooring.
