1333 Grand AvePiedmont, CA 94610

Property Details for 1333 Grand Ave

Year built

1961

Construction

TILT-UP CONCRETE

Lot size

0.14 AC

Property size (Sq ft)

5,836 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

50-4557-2

APU

5045572

Description

This exceptional mixed-use investment opportunity presents a 5,606 square foot building situated on Grand Avenue in the affluent city of Piedmont, California. Boasting a 6.20% cap rate and a strong NOI of $217,172, this stabilized property is currently 100% occupied by four tenants under net leases. The building features two stories and benefits from annual rent increases. Located on a highly trafficked thoroughfare (approximately 15,800 vehicles daily), this property offers excellent visibility and accessibility. The tenants include a diverse mix of businesses, including dental practices, a ballet studio, and a Brazilian Jiu Jitsu academy. This is a rare chance to acquire a high-quality mixed-use asset in one of the Bay Area's most desirable communities, with an average household income exceeding $250,000. The property is one of only 19 commercially zoned buildings within Piedmont's city limits, making it a truly unique investment opportunity. The asking price is $3,500,000, translating to a price per square foot of $624.33. This property offers stable income and significant long-term value potential. The address is 1333 Grand Ave, Piedmont, CA 94610.

• CAP approach

  CAP return

  Valuation

  6%

  $1,616,450

  6.5%

  $1,492,108

  7%

  $1,385,528

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,489,244

  Geo Method

  $1,627,719

• Alternative Use

  Use

  Valuation

  Residential

  $1,850,213

  Hospitality

  $1,694,786

  Educational

  $1,410,042

  Medical

  $1,458,535

  Retail

  $2,193,398

Location Insight

City

Piedmont

County

Alameda

State

California

Latitude

37.8207

Longitude

-122.244

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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