Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    968-983 Murrieta Blvd Livermore, CA

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in dominant neighborhood shopping center.

    Type:RETAIL
    Property size:
    1,020 SF
    Lot size:
    7.80 Acres
    Added:
    Dec 17, 2024
    Days on Market:
    471
    Last Refresh:
    Mar 29 at 9:03 pm

    Property Features for 968-983 Murrieta Blvd

    General Information

    Standard status
    Active
    Size
    1,020 SF
    Lot size
    7.80 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 968-983 Murrieta Blvd Contact us

    We can help!

    Listing Contact
    Christopher W. Sill

    Listing agent Christopher W. Sill License #01188616

    Listing office Lee & Associates | Stockton

    Listing date Dec 17, 2024

    Source Moodyscre

    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 Lee & Associates | Stockton

    Overview

    Retail Space in Livermore Center

    This retail space is located within a dominant neighborhood shopping center anchored by Nob Hill Foods and Rite Aid. The available space is one of the best shop locations in the shopping center, offering great access, exposure, and visibility. Abundant parking is available. The shopping center has a history of low vacancy and successful retailers. Nearby retailers include Safeway, CVS, Michaels, and Trader Joe’s. The property is within walking distance of Granada High School, which has 2,100 students, and Valley Care Hospital. The space is 1,020 square feet and located at 968-983 Murrieta Blvd, Livermore, CA.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Coinme at Coinstar - Bitcoin Kiosk — safeway, 1554 first st, livermore, ca 94550
    • Livermore Arcade Shopping Center — 1420 First St, Livermore, CA 94550
    • Peppertree Plaza Shopping Center — 968 Murrieta Blvd, Livermore, CA 94550
    • Coinstar Kiosk | Bitcoin ATM — Safeway, 1554 First St, Livermore, CA 94550
    • Coinstar Kiosk - Bitcoin ATM — 919 E Stanley St, Nob Hill, Livermore, CA 94550

    Location Insight

    • Map
    • Local Demand
    City
    Livermore
    County
    Alameda
    State
    California
    Longitude
    -121.783
    Latitude
    37.676

    Nearby Similar for Lease

    • Contact for pricing

      Downtown Livermore Office Space

      Office space in the heart of downtown Livermore.
      379 South Livermore Avenue, Livermore, CA 94550
      View Details
    • $1.65/mo

      Livermore Industrial Space Available

      Light industrial spaces available in a prime Livermore location.
      4374 Contractors Place, Livermore, CA 94551
      View Details
    • $3/mo

      Office Space in Livermore, CA

      Office space for lease in a vibrant Livermore location.
      1366 Concannon Blvd, Livermore, CA 94550
      View Details
    • $2/mo

      Livermore Office Suites For Rent

      Office suites available for rent in Livermore, California.
      3168 Constitution Dr., Livermore, CA 94551
      View Details
    • Contact for pricing

      Retail Condo in Livermore, CA

      Retail condo in a vibrant Livermore community.
      1628 Holmes Street, Livermore, CA 94550
      View Details
    • Contact for pricing

      Move-in Ready Commercial Office Space

      2360+- sf, ADA access, high visibility Livermore location.
      E Stanley Blvd, Livermore, CA 94550
      View Details
    • $1.05/mo

      Industrial Property in Livermore, CA

      Commercial property in a thriving industrial area, close to Hwy 580.
      7041 Las Positas Rd, Livermore, CA 94551
      View Details
    • $2/mo

      Retail Space in Busy Center

      Retail space available in a high-traffic Livermore shopping center.
      2250-2298 Las Positas Rd | Livermore, CA 94551, CA 94551
      View Details
    • $1.50/mo

      Office and Flex Space Available

      Office and flex space featuring private offices and conference room.
      5625 Brisa St, Livermore, CA
      View Details
    • Contact for pricing

      Retail Space in Livermore, CA

      Retail space for lease in the heart of wine country.
      1350 North Vasco Road, Livermore, CA 94551
      View Details
    • $1.15/mo

      Livermore Warehouse Space Available

      Industrial warehouse space for lease in Livermore, California.
      427 Mountain Vista Pkwy, Livermore, CA 94551
      View Details
    • Contact for pricing

      Downtown Livermore Retail Space

      Retail space in a vibrant downtown Livermore shopping district.
      2558 Old First Street, Livermore, CA 94550
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in dominant neighborhood shopping center.
    Where is this shopping center located?
    The property is located at 968-983 Murrieta Blvd Livermore, CA.
    What is the lease rate?
    The lease rate is $2.00 SF/Yr.
    What are key features of this property?
    This property features: Anchored by Nob Hill Foods and Rite Aid, providing consistent customer traffic; Prime shop location within a dominant neighborhood shopping center; Excellent access, exposure, and visibility with abundant parking
    (209) 598-2804 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Christopher W. Sill
    Real Estate License ID: 01188616
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!