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    1241 Main St Oakley, CA 94561-2922
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    Property profile & analytics

    1241 Main St, Oakley, CA 94561-2922

    View on Map
    • Manufacturing properties
    • 12,800 SF
    • 2.61 lot acres
    Off-Market
    Last Sale Nov 23, 2020
    Property ID
    US09-2782967
    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
    $1,220,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Delta Storage / Storage Facility
    • Nini Motors Smog Check Test Only Station / Sustainability Organization
    • Nini Motors Test Only Smog Station / Auto Repair Shop

    Property Details for 1241 Main St

    Year built
    1985
    Lot size
    2.61 lot acres
    Zone code
    LI
    Property type
    Manufacturing properties
    APN
    037-080-017-9
    APU
    370800179

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 23, 2020 — Mello,michael Trust Michael A Mello Quit Claim Deed · related —
    Jul 3, 2019 — Robert M Mello Mello Family Marital Trust Quit Claim Deed · related —
    Jan 31, 1996 — Mello Trust Mello,tony Quit Claim Deed · related —
    Nov 14, 1980 $70,000 Tony Mello Wood,james C JR Grant Deed · related $15k

    Description

    This exceptional 12,800-square-foot warehouse, located at 1241 Main Street in Contra Costa County, is currently available for lease. The property boasts a single-tenant occupancy, offering a significant opportunity for businesses seeking ample space and convenient access. Situated on a generous 2.62-acre lot, the warehouse features five convenient drive-in bays, streamlining loading and unloading operations. The building's total square footage is 12,800 square feet, all of which is currently vacant and ready for immediate occupancy. The property's address is 1241 Main Street, with a cross street of Neroly Rd, providing excellent visibility and accessibility. This industrial property is perfect for a variety of uses, offering a substantial footprint and strategic location within Contra Costa County. The entire space is available for lease, presenting a unique chance to secure a significant warehouse facility in a desirable area. Interested parties are encouraged to inquire for further details and leasing information. The property is classified as an industrial warehouse and is ready for immediate occupancy. Its size and features make it an attractive option for businesses requiring substantial storage and operational space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,293,000
      Market price range: $1.29M - $3.59M

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakley
    County
    Contra Costa
    State
    California
    Longitude
    -121.746
    Latitude
    38.0043
    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
    $10,068
    $416,205
    $370,104
    $786,309
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $48,730,000
      449,174 SF

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      MANUFACTURING (LIGHT)
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    • Value Estimation
      $2,000,000
      7,560 SF

      6001 Bridgehead Rd

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    • Value Estimation
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      8,244 SF

      5301 Live Oak Ave

      MANUFACTURING (LIGHT)
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    • Value Estimation
      $855,000
      8,248 SF

      5300 Live Oak Ave

      MANUFACTURING (LIGHT)
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    • Value Estimation
      $39,710,000
      443,591 SF

      Logistics Ctr Dr

      MANUFACTURING (LIGHT)
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    • Value Estimation
      $1,830,000
      19,750 SF

      3780 Main St

      MANUFACTURING (LIGHT)
      3780 Main St, Oakley, CA 94561-5762
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
      103,049 SF

      Oakley Warehouse Space Available

      103,049 square foot warehouse space for lease in Oakley.
      4300 Wilbur Ave, Oakley, CA 94561
      View Details
    • Contact for pricing
      3,000 SF

      Retail Flex/Warehouse Space Available

      Retail flex/warehouse space for rent in Oakley, CA.
      1625 Main St, Oakley, CA 94561
      View Details
    • $42 SF/Yr
      10,542 SF

      Oakley Retail Space Available

      Prime Oakley location, 10,542 sq ft.
      Retail 1 & 2 Nec Cypress Rd & Sellers Ave, Oakley, CA 94561
      View Details
    • $1,000 /Mo
      2,450 SF

      Small Commercial Office Space

      Corner office space in Oakley, approximately 180 square feet.
      3739 Main St, Oakley, CA 94561
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    • $2,350 /Mo
      4,550 SF

      Retail Space Available for Rent

      Retail space available for lease, 4550 square feet.
      3780 Main St, Oakley, CA 94561
      View Details
    • $36 SF/Yr
      27,524 SF

      Oakley Retail Anchor Opportunity

      Prime East Oakley Retail Space
      Retail Anchor Nec Cypress Rd & Sellers Ave, Oakley, CA 94561
      View Details
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    Oakley, CA 94561-2922
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    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
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