Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    251 24th St Richmond, CA 94804-1831

    • Auto shops
    • 4,000 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    $345,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2546714
    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

    • 523Rods / Auto Repair Shop / Auto Body Shop

    Property Details for 251 24th St

    Year built
    1947
    Lot size
    0.11 lot acres
    Property size
    4,000 SF
    Property type
    Auto shops
    APN
    515-281-004-9
    APU
    5152810049

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $345,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Contra Costa
    State
    California
    Longitude
    -122.347
    Latitude
    37.9352
    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
    $14,267
    $191,386
    $628,845
    $820,231
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,205,000
      7,458 SF

      201 24th St

      AUTO REPAIR, GARAGE • 7,458 SF
      201 24th St, Richmond, CA 94804-1803
      View Details
    • Value Estimation
      $385,000
      1,200 SF

      626 23rd St

      AUTO REPAIR, GARAGE • 1,200 SF
      626 23rd St, Richmond, CA 94804-1447
      View Details
    • Value Estimation
      $295,000
      3,500 SF

      418 23rd St

      AUTO REPAIR, GARAGE • 3,500 SF
      418 23rd St, Richmond, CA 94804-1625
      View Details
    • Value Estimation
      $265,000
      600 SF

      457 23rd St

      AUTO REPAIR, GARAGE • 600 SF
      457 23rd St, Richmond, CA 94804-1624
      View Details
    • Value Estimation
      $325,000
      2,016 SF

      5110 Huntington Ave

      AUTO REPAIR, GARAGE • 2,016 SF
      5110 Huntington Ave, Richmond, CA 94804-5416
      View Details
    • Value Estimation
      $340,000
      4,000 SF

      245 24th St

      AUTO REPAIR, GARAGE • 4,000 SF
      245 24th St, Richmond, CA 94804
      View Details

    Similar Nearby for Sale

    • $250,000

      Turn-Key Restaurant in Pacific East Mall

      Restaurant business opportunity in high-traffic Richmond location.
      3288 Pierce St, Richmond, CA 94804
      View Details
    • $1,050,000

      Mixed-Use Investment Property For Sale

      Mixed-use property with retail and residential units, income potential.
      2901 Cutting Blvd, Richmond, CA 94804
      View Details
    • $999,950

      Four-Plex Near El Cerrito City Hall

      Four one-bed, one-bath units near shops and transportation.
      5801 Madison Ave, Richmond, CA 94804
      View Details
    • $959,000

      Richmond Fourplex with Upside Potential

      Well-maintained four-unit complex with below-market rents and development potential.
      501 S 30Th St, Richmond, CA 94804
      View Details
    • $999,000

      Vacant Land Near Transportation Hub

      Large, flat, commercially zoned land near Kaiser, BART, and parks.
      Harbour Way, Richmond, CA 94804
      View Details
    • $1,810,000

      Richmond Industrial Property for Sale

      Industrial property available for purchase in Richmond, California.
      1033 Ohio Ave, Richmond, CA 94804
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      119,945 SF

      Richmond Industrial Portfolio

      Flex Space, Warehouse, Manufacturing
      4909 Central Ave, Richmond, CA 94804
      View Details
    • $1.25 SF/Yr
      18,550 SF

      Richmond Warehouse Space Available Now

      Two connected metal buildings available for lease in Richmond.
      1430 Potrero 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

      Prime Commercial Land for Lease

      High-traffic commercial land near major Northern California interstates.
      3251 Jacuzzi St, 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
    • $1.25 SF/Yr
      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

    Property Visit Statistics

    • Visits by month
      2.4k
    • Visitors by month
      1.9k
    • Avg Time on site
      19 min
    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.
    251 24th St
    Richmond, CA 94804-1831
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.