Building Details

Year Built 1963

Listing Agency: The Agency Show Phone

Listed By: Kevin Tannahill · License #01194662 Show Phone

Source: Exitrealty

Added: Jan 23 Changed: Oct 26 Last Checked: Oct 20 at 6:50PM

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Investment Insights

Based on property information with market context.

Located in the heart of the San Pablo Commercial District between Solano Avenue and Marin Avenue, this single-story commercial property offers a level-in floor plan with approximately 1,778 square feet of interior space on an approximately 3,750 square foot lot. The building is currently configured with five spacious rooms, two bathrooms, and a central hallway, providing a functional and flexible layout. Two rear rooms feature sliding glass doors that open directly to a large backyard garden area, creating an indoor-outdoor connection. Dual front entrances at 928 and 930 San Pablo Avenue allow for multiple access points. Street parking is available. The property has been long used as an owner-occupied chiropractic office. The bike score is 98, the walk score is 95, and the transit score is 58.

Key Highlights

• Prime location in the heart of the San Pablo Commercial District
• Versatile single‑story commercial property with a functional and flexible layout
• Approximately 1,778 square feet of interior space on an approximately 3,750 square foot lot

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$32,148

Cap Rate

4.95%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$642,960 $643.0K

Cap Rate 7%

$459,257 $459.3K

Cap Rate 9%

$357,200 $357.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,778 SF

Gross rent

$52.3K $29.40/SF

− Vacancy

−$9.4K −$5.29/SF

EGI

$42.9K $24.11/SF

− OpEx

−$10.7K −$6.03/SF

NOI

$32.1K $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 Rate 5%

$642,960

Cap Rate 7%

$459,257

Cap Rate 9%

$357,200

Alternative Uses

Best Use

Office B

$459.3K

$401.9K – $535.8K (±1% cap)

NOI $32,148 @ 7.0% cap · market cap 4.95%

Second Best

Healthcare Medical

$376.5K

$329.4K – $439.3K (±1% cap)

NOI $26,355 @ 7.0% cap · market cap 4.06%

Theoretical Best

Office A

$672.1K

$588.1K – $784.1K (±1% cap)

NOI $47,046 @ 7.0% cap · market cap 7.25%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Parking Lot & Garage Barber Shop Travel Agency Electrical Service (Bike/Boat/Book/etc) Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,967

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 94706, CA

21,134

Population

8,386

Households

2.5

Avg Household Size

37

Median Age

77%

College-Educated

97%

High-School Grad

1.5 sq mi

ZIP Area

14,089

Density / Sq Mi

$136,961

Median Household Income

$75,849

Median Earnings

$2,394

Median Rent

$1,188,100

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Single-story commercial property in San Pablo Commercial District.

Where is this medical office space located?

The property is located at 928 San Pablo Ave Albany, CA.

What is the asking price?

The asking price for this property is $649,000.

What are key features of this property?

This property features: Prime location in the heart of the San Pablo Commercial District; Versatile single‑story commercial property with a functional and flexible layout; Approximately 1,778 square feet of interior space on an approximately 3,750 square foot lot