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

    Macdonald Avenue Richmond, CA 94801

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $19,888,000

    Shopping center consisting of seven buildings on Macdonald Avenue.

    Type:Commercial
    Property size:
    74,194 SF
    Lot size:
    5.54 Acres
    Price / SF:
    $268/SF
    Added:
    Jul 11, 2025
    Days on Market:
    288
    Last Refresh:
    Apr 5 at 8:11 pm

    Property Features for Macdonald Avenue

    General Information

    Standard status
    Active
    Size
    74,194 SF
    Lot size
    5.54 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1994

    We can help!

    Listing Contact
    HA MACH

    Listing agent HA MACH

    Listing office HA MINH MACH, BROKER

    Listing date Jul 11, 2025

    Source Corcoran

    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 HA MINH MACH, BROKER

    Overview

    Richmond City Center For Sale

    The Richmond City Center shopping center, located on Macdonald Avenue, comprises seven buildings. The addresses of these buildings are 1100, 1150, 1170, 1190, 1200, 1250, and 1350 Macdonald Ave. The total property size is 74194 square feet. Note that the Burger King is under separate ownership and is not included in this sale. The owner is open to considering reasonable offers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    • Richmond City Center — 1100 Macdonald Ave, Richmond, CA 94801
    • Coinstar Kiosk | Bitcoin ATM — Foodsco, 1250 Macdonald Ave, Richmond, CA 94805

    Map

    City
    Richmond
    County
    Contra Costa
    State
    California
    Longitude
    -122.369
    Latitude
    37.9354

    Nearby Similar for Sale

    • $975,000
      4,535 SF

      Point Richmond Office Investment Opportunity

      Well-maintained office property in Point Richmond with income potential.
      116 Washington Avenue, Richmond, CA 94801
      View Details
    • $1,300,000
      7,425 SF

      Richmond Commercial Warehouse For Sale

      Versatile industrial property in Richmond's Green Zone, ideal for operators.
      10301034 Ohio Avenue, Richmond, CA 94804
      View Details
    • $995,000
      4,488 SF

      Richmond Multifamily Investment Opportunity

      Four units near transit with income and upside potential.
      1401 Bissell Ave, Richmond, CA 94801
      View Details
    • $850,000
      3,462 SF

      Richmond Fourplex with Renovation Potential

      Spacious Richmond fourplex with value-add potential on a 5,000-SF lot.
      1225 Fred Jackson WAY, RICHMOND, CA 94801
      View Details
    • $640,000
      1,476 SF

      Richmond Duplex: Investment Opportunity

      Well-located duplex with immediate income and long-term rental potential.
      2620 Maricopa Ave, Richmond, CA 94804
      View Details
    • $1,050,000
      2,282 SF

      Richmond Multifamily Property with Vacancies

      Four-unit building with three vacant, remodeled units near El Cerrito.
      1114 S 57Th St, Richmond, CA 94804
      View Details
    • $659,000
      1,630 SF

      Richmond Annex Spanish Style Duplex

      Classic 1920s duplex in Richmond Annex, move-in ready and vacant.
      1532 Mariposa St, Richmond, CA 94804
      View Details
    • $790,000
      1,380 SF

      Richmond Duplex: Newly Rebuilt, Vacant

      Rare, fully vacant duplex in Richmond, ideal for investors.
      2019 Potrero Ave, Richmond, CA 94804
      View Details
    • $799,000
      1,358 SF

      Richmond Multifamily Income Property

      Income-producing duplex in desirable Richmond Annex neighborhood.
      6130 Van Fleet Ave, Richmond, CA 94804
      View Details
    • $849,000
      6,312 SF

      Versatile Commercial Building in Richmond

      6,312 Sq ft building with three units and parking.
      2809 Macdonald AVE, RICHMOND, CA 94804
      View Details
    • $830,000
      4,000 SF

      Richmond Flex Industrial Building

      Four-unit flex industrial building near I-580 and I-80.
      641 Juliga Woods St, Richmond, CA 94804
      View Details
    • $699,000
      1,332 SF

      Richmond Duplex: Income and Convenience

      Centrally located Richmond duplex with income potential and easy commute.
      1003-1011 Lassen Street, Richmond, CA 94805
      View Details

    FAQs

    What type of property is this?
    Shopping center - Shopping center consisting of seven buildings on Macdonald Avenue.
    Where is this shopping center located?
    The property is located at Macdonald Avenue Richmond, CA.
    What is the asking price?
    The asking price for this property is $19,888,000.
    What are key features of this property?
    This property features: Richmond City Center shopping center consisting of seven buildings.; Multiple addresses: 1100, 1150, 1170, 1190, 1200, 1250 and 1350 Macdonald Ave.; Year Built: 1994.
    (714) 553-9939
    We can help!
    Listing Contact
    HA MACH
    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!