2170 Main St, Oakley, CA 94561-3350
- Retail space
- 10,734 SF
- 1.07 lot acres
Current Use by Public Records
- Center for implant Dentistry / Dental Office
- Taquiza Limon / Restaurant
- Kurt Voorhies - Agentry Real Estate / Real Estate Agency
- Wells Fargo ATM / Atm
- Willy’s Bagels & Blends / (Bike/Boat/Book/etc) Store / Bakery
Property Details for 2170 Main St
- Year built
- 2006
- Lot size
- 1.07 lot acres
- Property type
- Retail space
- APN
- 037-142-008-4
- APU
- 371420084
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 16, 2024 | $4,640,000 | Main Street Oakley LLC | Hph Properties LP | Grant Deed | $2.5M · Us Bank Trust Company National Asso |
| Oct 12, 2020 | — | Hph Properties LP | — | Deed · related | $900k · Vennard J Children's Tr (pt) |
| May 23, 2017 | — | Hph Properties LP | — | Deed · related | $1M · Fremont Bank |
| Aug 2, 2016 | — | Hph Properties LP | — | Deed · related | $1M · Vennard John Trust (pt) |
| Dec 23, 2015 | — | Hph Properties LP | Hph Brentwood Towncentre Shops | Quit Claim Deed | — |
| Dec 30, 2014 | $200,000 | Hph Brentwood Towncentre Shops | Romarco No 4 LP | Grant Deed | $1.4M · Romarco No 4 LP |
| Dec 30, 2013 | — | Romarco No 4 LP | Elstob M Living Trust | Quit Claim Deed | — |
| Dec 30, 2013 | $350,000 | Elstob,mark Living Trust | Hph Properties LP | Grant Deed | — |
| May 13, 2005 | — | Hph Properties | Condon Trust | Grant Deed | — |
| — | — | Hph Properties LP | — | Deed Of Trust · related | $1.2M · Vennard Trust (pt) |
| — | — | Hph Properties LP | — | Deed Of Trust · related | $1M · Vennard John Trust (pt) |
| — | — | Hph Properties LP | — | Deed Of Trust · related | $900k · Vennard J Children's Tr (pt) |
Description
This exceptional seven-unit retail shopping center, totaling 10,867 square feet, is ideally situated on Main Street in Oakley, California, within the East San Francisco Bay Area. Built in 2007, this fee-simple property boasts 100% occupancy with a diverse tenant mix including Willy's Bagels & Blends, Little Caesars Pizza, Ridgewater Real Estate Services, Oakley Orthodontics, Picante Mexican Grill, Pristine Dental Care, and a nail salon. The property generates a strong net operating income (NOI) of $301,971, with a pro-forma NOI of $309,801, representing a 6.25% cap rate and a pro-forma cap rate of 6.41%. The asking price is $4,830,000, translating to a price per square foot of $444.46. Conveniently located on a 1.07-acre parcel, the center benefits from high visibility and ample parking (59 spaces), accessed via double-wide curbcuts on Main Street and Carol Lane. Prominent monument signage showcases all tenants. The property's location is less than one mile from Big Break Regional Shoreline and across the street from a shopping center anchored by Raley's and Dollar Tree, ensuring consistent foot traffic. Rent bumps are included in the lease agreements, providing future income growth potential. This investment opportunity presents a seasoned, stable, and high-performing retail asset with significant upside. The property offers a compelling combination of strong cash flow, desirable location, and a diverse tenant base, making it an attractive investment in the thriving Northern California market.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,575,000
- 6.5%
- $4,225,000
- 7%
- $3,920,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,248,000
Market price range: $1.18M - $4.10M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,585,000 Current use
- RESTAURANT
- $4,695,000 Change: +82% Conversion: Easy
- MEDICAL BUILDING
- $3,900,000 Change: +51% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $3,735,000 Change: +45% Conversion: Easy
- OFFICE BUILDING
- $3,690,000 Change: +43% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $2,930,000 Change: +13% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $2,845,000 Change: +10% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Oakley
- County
- Contra Costa
- State
- California
- Longitude
- -121.732
- Latitude
- 38.003
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
