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

    3168 Danville Blvd Alamo, CA 94507-1551

    • Super regional malls
    • 9,135 SF
    • 3.49 lot acres
    OFF-MARKET
    Last Sale
    Apr 25, 2024
    Value Estimations
    $2,170,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3095675
    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

    • M D Liquors & Food / Liquor Store
    • Elements Massage Alamo / Massage Therapist / Massage Spa
    • Advanced Laser & Skin Care Center / Skin Care Clinic / Doctor
    • Maguey Mexican Restaurant / Mexican Restaurant
    • Michael J Tomcik, M.D. / Doctor / Dermatologist

    Property Details for 3168 Danville Blvd

    Year built
    1977
    Lot size
    3.49 lot acres
    Property size
    9,135 SF
    Zone code
    R-20
    Property type
    Super regional malls
    APN
    192-081-004-9
    APU
    1920810049

    Description

    This exceptional 1,085-square-foot retail space, located at 3168 Danville Boulevard in Alamo, California, presents a unique investment opportunity. Situated in Contra Costa County, zip code 94507, this single-tenant property is currently vacant and ready for immediate occupancy. The building's total square footage is 1,085 square feet, offering ample space for a variety of retail uses, particularly well-suited for a pharmacy given its previous use. The property's prime location in Alamo offers excellent visibility and accessibility, ensuring high foot traffic and potential for strong business growth. This is a fantastic chance to establish a thriving business in a desirable and affluent community. The property is categorized as retail and specifically as a pharmacy. The address is easily accessible and conveniently located within Alamo's commercial district. Interested parties are encouraged to explore this exceptional opportunity to secure a prominent retail presence in a thriving market. The property is available for lease and offers a blank canvas for a new tenant to customize and develop their business. Detailed property information and lease terms are available upon request. Don't miss this chance to secure this highly desirable retail space in the heart of Alamo.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,720,000
      6.5%
      $2,510,000
      7%
      $2,330,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Alamo
    County
    Contra Costa
    State
    California
    Longitude
    -122.031
    Latitude
    37.8513
    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
    $24,704
    $1,611,012
    $27,200
    $1,638,212
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      8,000 SF

      160 Alamo Plz

      REGIONAL SHOPPING CENTER, MALL • 8,000 SF
      160 Alamo Plz, Alamo, CA 94507-4000
      View Details
    • Value Estimation by Request
      10,000 SF

      170 Alamo Plz

      REGIONAL SHOPPING CENTER, MALL • 10,000 SF
      170 Alamo Plz, Alamo, CA 94507-1507
      View Details
    • Value Estimation by Request
      11,407 SF

      180 Alamo Plz

      REGIONAL SHOPPING CENTER, MALL • 11,407 SF
      180 Alamo Plz, Alamo, CA 94507-1560
      View Details
    • Value Estimation by Request
      16,584 SF

      200 Alamo Plz

      REGIONAL SHOPPING CENTER, MALL • 16,584 SF
      200 Alamo Plz, Alamo, CA 94507-1529
      View Details
    • Value Estimation by Request
      39,216 SF

      200 Alamo Plz

      REGIONAL SHOPPING CENTER, MALL • 39,216 SF
      200 Alamo Plz, Alamo, CA 94507-1529
      View Details
    • Value Estimation
      $8,230,000
      32,482 SF

      3162 Danville Blvd

      REGIONAL SHOPPING CENTER, MALL • 32,482 SF
      3162 Danville Blvd, Alamo, CA 94507-1552
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,085 SF

      Retail Space in Alamo Center

      Retail space in shopping district anchored by CVS Pharmacy.
      3168 Danville Blvd, Alamo, CA 94507
      View Details
    • Contact for pricing
      1,816 SF

      Retail Space in Alamo Plaza

      Retail space for lease in Alamo Plaza shopping center.
      190-230 Alamo Plz, Alamo, CA 94507
      View Details
    • Contact for pricing
      1,322 SF

      Retail Space in Alamo Plaza

      Retail space available in the heart of Alamo's downtown.
      180 Alamo Plz, Alamo, CA 94507
      View Details
    • Contact for pricing
      3,688 SF

      Retail Space in Alamo Plaza

      Retail space available in the heart of Alamo's downtown.
      215-225 Alamo Plz, Alamo, CA 94507
      View Details
    • Contact for pricing
      8,393 SF

      Retail Space in Alamo Plaza

      Retail space for lease in Alamo Plaza shopping center.
      120-140 Alamo Plz, Alamo, CA 94507
      View Details
    • Contact for pricing
      1,777 SF

      Retail Space in Alamo Plaza

      Retail space available in the heart of Alamo's downtown.
      160-170 Alamo Plz, Alamo, CA 94507
      View Details
    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.
    3168 Danville Blvd
    Alamo, CA 94507-1551
    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.