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Property profile & analytics
OFF-MARKET Estimated value $2,365,000
Commercial land

3101 Garrity Way Richmond, CA 94806-5700

8,050 SF 1.69 ac lot Built 1990
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US09-2761128
Property summary
AI-generated overview

This exceptional 1.69-acre commercial land parcel presents a unique development opportunity in Richmond, California. Located at 3101 Garrity Way, this single-tenant site boasts a substantial 73,616 square feet of potential buildable area. The property is conveniently situated in Contra Costa County, near the intersection of Garrity Way and Blume Dr, offering excellent access and visibility. The site is part of a larger, exciting redevelopment plan for the Hilltop area, promising significant future growth and potential for high returns. This prime location within the Hilltop Priority Development Area (PDA) places it south of Richmond Parkway, between San Pablo Avenue and Interstate 80, providing easy access to major transportation arteries. The property's size and location make it ideal for a variety of commercial developments, catering to the needs of a thriving community. This is a rare chance to acquire a significant piece of land in a rapidly evolving area, poised for substantial future appreciation. The existing zoning and development plans for the Hilltop area should be reviewed independently to fully understand the potential uses and development parameters for this property. Detailed site plans and further information are available upon request. Don't miss this exceptional opportunity to secure a prime commercial development site in a dynamic and growing market.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1990
Total area 8,050 SF
Lot 1.69 ac (73,616 SF)
Zoning code C2CD
APN 405-290-054-7
UPID US09-2761128
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.61M
Comparable Approach Comparable
$2.66M
Blend (final) Blend
$2.37M
Owner & transaction history
510 Hospitality LLC · 4 yrs held
510 Hospitality LLC
since 2021
3 recorded transactions
2021
Price N/A
2020
$2.3M
1984
Price N/A
Zoning & alternative use
C2CD · Richmond, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $3.5M +54.7%
Medical building $2.9M +28.5%
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