Office Suite with Exposed
For Sale
Contact for pricing
914 Macdonald Ave, Richmond, CA 94801
Second-floor workspace includes private offices, a conference room, and a kitchen/break room.
Property Size2,059 SF
Price / SF$1.97
Days on Market90
Property Features for 914 Macdonald Ave
General Information
Standard status
Active
Size
2,059 SF
Elevators
Yes
Property subtype
Comm Ind For Lease
Space & Availability
Floor
2
Condition
Move-in Ready
Furnished
Yes
Additional Details
Road Access
Yes
Property Use
Office
Amenities
exterior signage area
telecom room
conference room
breakout rooms
kitchen/break room
Building Details
Year Built
1913
Year Renovated
2019
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Winkler Real Estate Group
Listed By:
Luther Martin · License #01300553
(510) 367-8048
Source:
Jpnrealty
Added: Aug 4
Changed: Oct 28
Last Checked: Nov 1 at 2:56AM
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 Winkler Real Estate Group
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Investment Insights
Based on property information with market context.
The 2,059-square-foot office occupies the second floor of a two-story brick building. Its 2019 interior build-out features exposed brick and reclaimed wood, an open ceiling with exposed ductwork, and HVAC with air-conditioning. The layout includes three private offices, breakout and open work areas, a conference room, reception desk, kitchen/break room, file area, telecom room, and an ADA-compliant restroom with storage. Furniture is available, including conference room furnishings.
The building underwent seismic upgrades in 2015. Access is from Macdonald Avenue, with street parking. The elevator is not working.
The building underwent seismic upgrades in 2015. Access is from Macdonald Avenue, with street parking. The elevator is not working.
Key Highlights
- 2,059‑square‑foot second‑floor office suite
- 2019 interior build‑out with exposed brick and reclaimed wood
- Three private offices, breakout areas, and additional open space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,531
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,620
$510.6K
Cap Rate 7%
$364,729
$364.7K
Cap Rate 9%
$283,678
$283.7K
Market Conditions
NOI Build-Up for 2,059 SF
Gross rent
$40.8K $19.80/SF
− Vacancy
−$6.7K −$3.27/SF
EGI
$34.0K $16.53/SF
− OpEx
−$8.5K −$4.13/SF
NOI
$25.5K $12.40/SF
Area
Richmond, CA
Vacancy
16.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,620
Cap Rate 7%
$364,729
Cap Rate 9%
$283,678
Alternative Uses
Best Use
Office B
$364.7K
$319.1K – $425.5K
NOI $25,531 @ 7.0% cap · market cap 629.31%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$491.9K
$430.4K – $573.9K
NOI $34,432 @ 7.0% cap · market cap 848.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,687
Businesses Nearby
Explore this area
Business Placement
Demographics for 94801, CA
33,486
Population
11,012
Households
3
Avg Household Size
34
Median Age
19%
College-Educated
69%
High-School Grad
11.5 sq mi
ZIP Area
2,912
Density / Sq Mi
$75,786
Median Household Income
$40,435
Median Earnings
$1,608
Median Rent
$593,500
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor workspace includes private offices, a conference room, and a kitchen/break room.
Where is this office unit located?
The property is located at 914 Macdonald Ave Richmond, CA.
What are key features of this property?
This property features: 2,059‑square‑foot second‑floor office suite; 2019 interior build‑out with exposed brick and reclaimed wood; Three private offices, breakout areas, and additional open space
