Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    124 Florida Ave Richmond, CA 94804-2130
    Back to Search
    Property profile & analytics

    124 Florida Ave, Richmond, CA 94804-2130

    View on Map
    • Manufacturing properties
    • 7,208 SF
    • 0.29 lot acres
    Off-Market
    Last Sale May 11, 2022
    $125,000
    Property ID
    US09-1368025
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 124 Florida Ave

    Year built
    1959
    Construction
    STEEL FRAME
    Lot size
    0.29 lot acres
    Zone code
    M1
    Property type
    Manufacturing properties
    APN
    550-071-022-2
    APU
    5500710222

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 11, 2022 — John E Toopeekoff John E Toopeekoff Intrafamily Transfer · related —
    Sep 2, 2009 — John E Toopeekoff Beck,carol Quit Claim Deed · related —
    Sep 2, 2009 $125,000 John E Toopeekoff Meyer,james H Grant Deed —
    Apr 21, 2008 — John E Toopeekoff Mtm Properties Grant Deed —
    — — John Toopeckoff — Deed Of Trust · related $50k · Meyer Trust
    — — Mtm Properties — Deed Of Trust · related $80k · Owens Financial Group INC
    — — Mtm Properties — Deed Of Trust · related $207k · Mechanics National Bank
    May 7, 1959 — Owner Name Unavailable — Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Contra Costa
    State
    California
    Longitude
    -122.368
    Latitude
    37.9292
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $8,331
    $87,106
    $349,000
    $436,106
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $785,000
      8,238 SF

      437 Ohio Ave

      MANUFACTURING (LIGHT)
      437 Ohio Ave, Richmond, CA 94804-2237
      View Details
    • Value Estimation
      $3,330,000
      48,125 SF

      3110 Regatta Ave

      MANUFACTURING (LIGHT)
      3110 Regatta Ave, Richmond, CA 94804-6427
      View Details
    • Value Estimation
      $17,075,000
      149,502 SF

      731 Cutting Blvd

      MANUFACTURING (LIGHT)
      731 Cutting Blvd, Richmond, CA 94804-2023
      View Details
    • Value Estimation
      $9,920,000
      94,604 SF

      1275 Hall Ave

      MANUFACTURING (LIGHT)
      1275 Hall Ave, Richmond, CA 94804-3712
      View Details
    • Value Estimation
      $7,145,000
      123,850 SF

      1001 Canal Blvd Ste A

      MANUFACTURING (LIGHT)
      1001 Canal Blvd Ste A, Richmond, CA 94804-3524
      View Details
    • Value Estimation by Request
      4,756 SF

      22 Carlson Blvd

      MANUFACTURING (LIGHT)
      22 Carlson Blvd, Richmond, CA 94804-3034
      View Details

    Similar Nearby for Sale

    • 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
    • $995,000
      2,560 SF

      Richmond Warehouse with Office Space

      Warehouse with office space, roll-up doors, and secure yard.
      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
    • Contact for pricing
      2,560 SF

      Richmond Warehouse with Office Space

      Warehouse with office space, three roll-up doors, and secure yard.
      1515 Ohio 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

    Similar Nearby for Lease

    • $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
    • $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
      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
    • Contact for pricing
      20,669 SF

      Richmond Flex / Industrial Space

      Flex / Industrial space available for lease in Richmond, CA.
      880 Harbour Way S, 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
      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
    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.
    124 Florida Ave
    Richmond, CA 94804-2130
    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
    124 Florida 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!