2160 Railroad Ave, Livermore, CA 94550
- Retail space
- 1,560 SF
- 0.06 lot acres
Current Use by Public Records
- Range Life / Restaurant
- Bike Rack - Range Life / Bicycle Rack
Property Details for 2160 Railroad Ave
- Year built
- 1930
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.06 lot acres
- Property type
- Retail space
- APN
- 98-281-6
- APU
- 982816
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 14, 2020 | — | House Of Green Jacket LLC | Meyer Family Living Trust | Quit Claim Deed | — |
| Jun 25, 2019 | — | Meyer Family Living Trust | Meyer,rene | Affidavit Of Death · related | — |
| Jan 8, 2016 | $600,000 | Meyer Family Living Trust | Stahl C J Living Trust | Grant Deed | — |
| May 7, 2004 | — | Stahl,tr | Stahl,charlotte J | Quit Claim Deed · related | — |
| Mar 31, 1995 | $73,500 | Charlotte J Stahl | Calonico,glenn P | Grant Deed | $46k · Individual |
| May 5, 1989 | $77,500 | Glenn Calconico | Alpha Title Comp | Grant Deed | $48k · Individual |
| — | — | Stahl Charlotte J Living Trust | — | Deed Of Trust · related | $310k · Greenpoint Mortgage Funding |
| — | — | Charlotte J Stahl | — | Deed Of Trust · related | $160k · M Lewis INC |
| — | — | Charlottej Stahl | — | Deed Of Trust · related | $242k · Leonard & Sally Detrick |
| — | — | Charlotte J Stahl | — | Deed Of Trust · related | $52k · Capitol Thrift & Loan |
Description
This exceptional investment opportunity presents a 2,125 square foot free-standing restaurant building located at 2160 Railroad Ave, Livermore, CA 94550. The property, originally constructed in 1800 as a carriage house and extensively renovated in 2017, boasts a charming rustic space with large arched windows and a 700 square foot patio featuring a century-old pink peppercorn tree. Currently 100% occupied by a highly acclaimed Michelin Guide Bib Gourmand restaurant with a 6.5-year lease remaining (expiring 04/29/2031), this single-tenant, net-net lease property offers a strong, stable income stream. The building sits on a 0.06-acre lot and includes a mezzanine level. The property's impressive design and prime location in Livermore's thriving downtown, within the Tri-Valley area and near wine country, contribute to its exceptional appeal. The current Net Operating Income (NOI) is $47,881.60, resulting in a 2.45% cap rate. The asking price is $2,250,000. This presents a rare chance to acquire a high-quality, income-producing asset with significant upside potential due to below-market rent and the tenant's strong reputation and following. The property benefits from a high level of foot traffic in a desirable location with an average daily traffic count of 16,000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $700,000
- ML approach
- $640,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $655,000
Market price range: $219k - $655k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $445,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $665,000 Change: +50% Conversion: Moderate
- MEDICAL BUILDING
- $615,000 Change: +39% Conversion: Difficult
- OFFICE BUILDING
- $530,000 Change: +20% Conversion: Easy
- AUTO REPAIR, GARAGE
- $500,000 Change: +13% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $435,000 Change: -1% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Livermore
- County
- Alameda
- State
- California
- Longitude
- -121.77
- Latitude
- 37.6835
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
