Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4909 Central Ave Richmond, CA 94804
    Back to Search
    Property profile & analytics

    4909 Central Ave, Richmond, CA 94804

    View on Map
    • Warehouses
    • 119,945 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hopsy, Inc / Corporate Office
    • ReadySpaces / Storage Facility
    • SimplyInsured / Insurance Agency
    • G away / (Bike/Boat/Book/etc) Store
    • Mineral Market / Big Box & Wholesale Store

    Property Details for 4909 Central Ave

    Year built
    1984
    Property type
    Warehouses
    Property subtype
    Retail properties & Spaces

    Description

    This 119,945-square-foot industrial property in Richmond, CA, offers 13 available spaces ranging from 300 to 3,250 square feet. Located on a 4.51-acre lot at 4909 Central Ave, 94804, this Class B building boasts a 25-foot ceiling height, 11 loading docks, 5 dock-high doors, and 6 drive-ins. Built in 1984, it features 400 amp/277-480v 3-phase power and is zoned M2. Amenities include 24/7 access, flexible lease terms, grade-level and dock-high door access from each space, video surveillance, a shared forklift (with training available), modern office suites, conference rooms, common areas, air-conditioned warehouse units, pallet jacks, loading carts, and secured yard/parking. Conveniently situated near I-580 and I-80, this multi-tenant property is ideal for various uses, including manufacturing, distribution, warehousing, and retail, excluding indoor vehicle storage. The property is in Contra Costa County and offers a diverse range of space options to suit various business needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Contra Costa
    State
    California
    Longitude
    -122.318
    Latitude
    37.8993

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      Ohio Ave

      R&D FACILITY, LABS, PHARMA
      Ohio Ave, Richmond, CA 94804
      View Details
    • Value Estimation by Request
      0.06 Acres

      101 Ohio Ave

      R&D FACILITY, LABS, PHARMA
      101 Ohio Ave, Richmond, CA 94804-2140
      View Details
    • Value Estimation by Request
      0.06 Acres

      437 Ohio Ave

      R&D FACILITY, LABS, PHARMA
      437 Ohio Ave, Richmond, CA 94804-2237
      View Details
    • Value Estimation
      $1,805,000
      28,266 SF

      1007 Canal Blvd

      R&D FACILITY, LABS, PHARMA
      1007 Canal Blvd, Richmond, CA 94804-3549
      View Details
    • Value Estimation
      $1,010,000
      20,000 SF

      400 Ohio Ave

      R&D FACILITY, LABS, PHARMA
      400 Ohio Ave, Richmond, CA 94804-2038
      View Details
    • Value Estimation
      $1,710,000
      19,086 SF

      230 Cutting Blvd

      R&D FACILITY, LABS, PHARMA
      230 Cutting Blvd, Richmond, CA 94804-2016
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,390 SF

      Richmond Automotive Industrial Property

      Industrial automotive property with secured parking and income potential.
      2323 Nevin Ave, Richmond, CA 94804
      View Details
    • Contact for pricing
      7,425 SF

      Richmond Commercial Warehouse in Green Zone

      Versatile industrial property in Richmond's Green Zone, ideal for various uses.
      10301034 Ohio Ave, Richmond, CA 94804
      View Details
    • $1,300,000

      Richmond Warehouse in Green Zone

      Versatile warehouse in Richmond's Green Zone, ideal for various uses.
      10301034 Ohio Ave, Richmond, CA 94804
      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 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
    • Contact for pricing
      4,000 SF

      Richmond Flex Industrial Building For Sale

      Four-unit flex industrial building near I-580 and I-80.
      641 Juliga Woods St, Richmond, CA 94804
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      18,550 SF

      Richmond Industrial Building with Cranes

      18,550±SF industrial building with freeway access and cranes.
      1420-1430 Potrero Ave, Richmond, CA 94804
      View Details
    • Contact for pricing
      142,708 SF

      Richmond Warehouse Space Available

      142,708 SF warehouse space with rail access.
      211-213 W Cutting Blvd, Richmond, CA 94804
      View Details
    • $1.00 SF/Yr

      Renovated Office in Gated Park

      Renovated office space in a secure, multi-tenant business park.
      1961 Meeker Ave, Richmond, CA 94804
      View Details
    • Contact for pricing
      13,916 SF

      Richmond Warehouse with Bow Truss

      13,916 SF warehouse featuring bow truss ceiling and skylights.
      1275 Hall Ave, Richmond, CA 94804
      View Details
    • Contact for pricing
      5,482 SF

      Richmond Warehouse Space Available

      Industrial warehouse space available for lease in Richmond, California.
      1050-1121 South 1430 Regatta Blvd, Richmond, CA 94804
      View Details
    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.
    4909 Central Ave
    Richmond, CA 94804
    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

    Thank You for Inquiry
    4909 Central Ave, Richmond, CA, 94804
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!