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Property profile & analytics
FOR LEASE
Retail space
3550 San Pablo Dam Rd El Sobrante, CA 94803
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1795469
For Lease
1 / 36
$5,225,000
3550 San Pablo Dam Rd, El Sobrante, CA 94803
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Property summary
AI-generated overview
This exceptional retail investment opportunity presents a 43,574 square foot shopping center located at 3550 San Pablo Dam Road in El Sobrante, California, 94803. Situated in Contra Costa County's El Sobrante submarket, this multi-tenant property boasts a high-traffic location along San Pablo Dam Road, offering excellent visibility and accessibility. The center currently features two suites, with 2,605 square feet of vacant space available, providing immediate potential for new tenants. The minimum divisible space is 768 square feet, while the maximum contiguous space available is 1,837 square feet, offering flexibility for various business needs. This property benefits from its proximity to Hilltop Mall, currently undergoing renovations, and its surrounding residential neighborhoods, ensuring a strong customer base. The property's strategic location and the potential for increased foot traffic due to the mall renovations make this a compelling investment opportunity in a thriving retail market. The property's address is easily accessible and visible from San Pablo Dam Road. This is an excellent chance to acquire a well-positioned retail center with significant upside potential. The property is conveniently located in El Sobrante, CA, offering easy access to major transportation routes.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Total area
31,862 SF
Lot
2.55 ac (110,947 SF)
APN
420-130-032-6
UPID
US09-1795469
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
by Request
Comparable Approach
Comparable
$5.83M
Blend (final)
Blend
$5.23M
Owner & transaction history
Mary J Sketchley · 1 yrs held
Mary J Sketchley
since 2024
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$8.7M
+13.5%
Auto repair, garage
$8.5M
+10.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs El Sobrante submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs El Sobrante submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$7,665,000
Current use
APARTMENT HOUSE (5+ UNITS)
$8,700,000
Change: +13% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,450,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$5.23M
Range $4.70M – $5.75M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$164 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$71,496
Tax year 2024
Assessed value
$3,633,890
Assessed 2024
Previous assessed
$3,633,890
+0.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$744,453
Assessed improvement
$2,889,437
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1965
Heating
NONE
Stories
1
Units
13
Rooms
13
Total area
31,862 SF
Lot
2.55 ac (110,947 SF)
APN
420-130-032-6
UPID
US09-1795469
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$7.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.7M
AUTO REPAIR, GARAGE
Est. value
$8.5M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1965
Heating
NONE
Stories
1
Units
13
Rooms
13
Lot
2.55 ac
Current owner
From public records · entity-resolved
Mary J Sketchley
Individual
Free & Clear · 1 yrs held
Mailing address
3817 PO BOX 95TH DR, DIABLO, CA 94528-0095
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2024
—
Mary J Sketchley
Mary J Sketchley
Intrafamily Transfer
related
—
Jun 16, 2022
—
Dennis R Hill
—
Deed
related
$1,650,000 · Jpmorgan Chase Bank NA
Dec 20, 2012
—
Hill Trust
Hill Trust
Quit Claim Deed
related
—
—
—
Hill Trust
—
Deed Of Trust
related
$2,750,000 · Standard Insurance Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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