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    2593 Goodrick Ave Richmond, CA 94801-1105
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    2593 Goodrick Ave Richmond, CA 94801-1105

    View on Map
    • Manufacturing properties
    • 171,846 SF
    • 10.11 lot acres
    Off-Market
    Last Sale Dec 22, 2021
    $50,032,500
    Property ID
    US09-5449027
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • DHL RICHMOND / Warehouse & Storage

    Property Details for 2593 Goodrick Ave

    Year built
    2018
    Lot size
    10.11 lot acres
    Property size
    171,846 SF
    Property type
    Manufacturing properties
    APN
    408-090-049-3
    APU
    4080900493

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      Off market

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $55,633,000
      Market price range: $9.50M - $55.6M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $75,145,000
      MEDICAL BUILDING
      $62,415,000
      COMMERCIAL (GENERAL)
      $48,595,000
      AUTO REPAIR, GARAGE
      $44,370,000
      OFFICE BUILDING
      $42,505,000
      APARTMENT HOUSE (5+ UNITS)
      $39,630,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Contra Costa
    State
    California
    Longitude
    -122.368
    Latitude
    37.9704
    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
    $638,996
    $17,348,670
    $34,824,789
    $52,173,459
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $11,705,000
      229,565 SF

      601 Parr Blvd

      MANUFACTURING (LIGHT) • 229,565 SF
      601 Parr Blvd, Richmond, CA 94801-1316
      View Details
    • Value Estimation
      $520,000
      6,500 SF

      561 Gertrude Ave

      MANUFACTURING (LIGHT) • 6,500 SF
      561 Gertrude Ave, Richmond, CA 94801-1713
      View Details
    • Value Estimation by Request
      6,810 SF

      2601 Goodrick Ave

      MANUFACTURING (LIGHT) • 6,810 SF
      2601 Goodrick Ave, Richmond, CA 94801-1107
      View Details
    • Value Estimation by Request
      20,908 SF

      225 Parr Blvd, Unit 255

      MANUFACTURING (LIGHT) • 20,908 SF
      225 Parr Blvd, Richmond, CA 94801-1119
      View Details
    • Value Estimation by Request
      481,487 SF

      500 Pittsburg Ave

      MANUFACTURING (LIGHT) • 481,487 SF
      500 Pittsburg Ave, Richmond, CA 94801
      View Details
    • Value Estimation by Request
      5,000 SF

      445 2nd St

      MANUFACTURING (LIGHT) • 5,000 SF
      445 2nd St, Richmond, CA 94801-2955
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      121,733 SF

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      Richmond Flex Space Available Now

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      12,000 SF

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      Income-producing mixed-use property with renovated residential and commercial spaces.
      147 W Richmond Ave, Richmond, CA 94801
      View Details
    • $1,525,000
      0.39 Acres

      Richmond Industrial Warehouse - Prime Location

      Spacious warehouse, large yard, flexible zoning.
      2 17Th St, Richmond, CA 94801
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Richmond Warehouse Space Available

      Warehouse space available for lease in Richmond, California.
      401 Parr Blvd, Richmond, CA 94801
      View Details
    • $0.75 SF/Yr
      222,606 SF

      Richmond Warehouse Space Available

      Warehouse space available for sublease in Richmond industrial park.
      770 Market Ave, Richmond, CA 94801
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    • $3,196 /Mo
      18,944 SF

      North Richmond Commercial Space Available

      Commercial space for rent in North Richmond, California.
      2266 Central St, North Richmond, CA 94801
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    • Contact for pricing
      109,594 SF

      Richmond Warehouse Space Available

      Industrial warehouse space available for lease in Richmond, California.
      2041 Factory St, Richmond, CA 94801
      View Details
    • $595 /Mo
      6,700 SF

      Point Richmond Office Space

      Restored 1905 building in historic Point Richmond.
      Richmond Ave, Richmond, CA 94801
      View Details
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    2593 Goodrick Ave
    Richmond, CA 94801-1105
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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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