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    Property profile & analytics

    2 17Th St Richmond, CA 94801

    • Manufacturing properties
    • 8,332 SF
    • 0.39 lot acres
    For Sale
    View listing
    $1,525,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0344608
    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.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 2 17Th St

    Year built
    1920
    Lot size
    0.39 lot acres
    Property size
    8,332 SF
    Property type
    Manufacturing properties
    APN
    540-370-023-9
    APU
    5403700239

    Description

    This exceptional commercial property, located at 2 17th Street in Richmond, California, presents a unique investment opportunity. The property encompasses a 0.39-acre lot and features a wood-framed industrial warehouse with a durable metal exterior. The warehouse boasts two convenient grade-level roll-up doors, providing easy access for loading and unloading. Power is robust, with 800-amp 3-phase service available. Adding significant versatility, the property includes two mezzanine levels, totaling approximately 2148 square feet (per appraisal). One mezzanine level offers a substantial build-out, complete with a fully equipped kitchen, a bathroom, and a dedicated recreational area, ideal for employee use or potential conversion to office space. The property also benefits from a large, fenced yard, offering ample secure outdoor space for storage or operations. Currently zoned RM2, the property enjoys grandfathered light industrial use status per the City of Richmond. This allows for flexible industrial uses, although buyers are advised to independently verify permitted uses with the city. Various equipment and fixtures may be included in the sale, providing a potential cost savings for the new owner. The asking price for this well-maintained and versatile property is $1,525,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $335,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $466,000
      Market price range: $461k - $2.70M
      AI Estimate
      $232,000
      Market price range: $233k - $682k

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Contra Costa
    State
    California
    Longitude
    -122.353
    Latitude
    37.9317
    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
    $5,787
    $144,242
    $109,192
    $253,434
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      525 B St

      MANUFACTURING (LIGHT) • 19,398 SF
      525 B St, Richmond, CA 94801-2687
      View Details
    • Value Estimation
      $995,000
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      755 Brookside Dr

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      25 18th St

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      25 18th St, Richmond, CA 94801-3613
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    • Value Estimation
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      531 A St

      MANUFACTURING (LIGHT) • 2,978 SF
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      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Spacious Flex Space with Roll-Up Doors

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      Richmond Industrial Warehouse - Prime Location

      Spacious warehouse, large yard, flexible zoning.
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    Similar Nearby for Lease

    • $7 SF/Yr

      Richmond Industrial Space Available

      Industrial and manufacturing space available for lease in Richmond, CA.
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      View Details
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      Richmond Flex Space Available Now

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      View Details
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      Richmond Warehouse Space Available

      12,500 SF warehouse unit available for lease.
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      View Details
    • $0.75 SF/Yr
      222,606 SF

      Richmond Warehouse Space Available

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    • $1.25 SF/Yr
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      Richmond Warehouse Space Available

      Warehouse space available for lease in Richmond, California.
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      View Details
    • $13,460,040

      Richmond Industrial Land For Lease

      19.5 acre industrial land available for lease in Richmond.
      Radiant Ave, Richmond, CA 94801
      View Details
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    2 17Th St
    Richmond, CA 94801
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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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