Light-Filled Office Building For
For Sale
$1,350,000
Railroad Ave, Richmond, CA 94801
Charming office building with private garden access in Richmond.
Property Size3,361 SF
Lot Size0.09 Acres
Price / SF$401.67
Days on Market550
Property Features for Railroad Ave
General Information
Standard status
Active
Size
3,361 SF
Lot size
0.09 Acres
Property subtype
Commercial
Building Details
Year Built
1961
Listing Agency:
ROHNER REAL ESTATE
(510) 450-1424
Listed By:
ANDY ROHNER
Source:
Corcoran
Added: Apr 26, 2025
Changed: Oct 27
Last Checked: Oct 26 at 4:54PM
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 ROHNER REAL ESTATE
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Investment Insights
Based on property information with market context.
This charming, light-filled office building features private offices with direct access to the front garden or rear decks. The property is suitable for single-tenant occupancy or can easily accommodate two separate spaces. Both floors include bathrooms, reception areas, and dedicated rooms for kitchenettes. The private offices are spacious and offer natural light. Convenient off-street parking is available across the street. The building is located a short walk through the neighboring breezeway to the businesses and eateries in the heart of Point Richmond. The property size is 3361 square feet.
Key Highlights
- Flexible layout suitable for single or dual occupancy.
- Convenient off‑street parking available.
- Prime location: walking distance to Point Richmond's businesses and restaurants.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,676
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,520
$833.5K
Cap Rate 7%
$595,371
$595.4K
Cap Rate 9%
$463,067
$463.1K
Market Conditions
NOI Build-Up for 3,361 SF
Gross rent
$66.5K $19.80/SF
− Vacancy
−$11.0K −$3.27/SF
EGI
$55.6K $16.53/SF
− OpEx
−$13.9K −$4.13/SF
NOI
$41.7K $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%
$833,520
Cap Rate 7%
$595,371
Cap Rate 9%
$463,067
Alternative Uses
Best Use
Office B
$595.4K
$521.0K – $694.6K
NOI $41,676 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$802.9K
$702.6K – $936.8K
NOI $56,205 @ 7.0% cap · market cap 4.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
547
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 building - Charming office building with private garden access in Richmond.
Where is this office building located?
The property is located at Railroad Ave Richmond, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Flexible layout suitable for single or dual occupancy.; Convenient off‑street parking available.; Prime location: walking distance to Point Richmond's businesses and restaurants.
