Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    402 Wright Ave Richmond, CA 94804-3532
    Property profile & analytics

    402 Wright Ave, Richmond, CA 94804-3532

    View on Map
    • Industrial properties
    • 22.84 lot acres
    Off-Market
    Property ID
    US09-2798626
    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
    $555,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Levin-Richmond Terminal Corporation / Freight Service / Logistics Company
    • Richmond Pacific Railroad Corporation / Freight Service / Logistics Company
    • CEMEX Richmond Cement Terminal / Building Supply / Industrial Manufacturer

    Property Details for 402 Wright Ave

    Lot size
    22.84 lot acres
    Property type
    Industrial properties
    APN
    560-380-008-6
    APU
    5603800086

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 26, 2019 — Levin Ents INC Levin Ents INC Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $555,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Contra Costa
    State
    California
    Longitude
    -122.367
    Latitude
    37.921
    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
    $335,420
    $4,364,998
    $17,963,908
    $22,328,906
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $540,000
      14.93 Acres

      1140 Canal Blvd

      HEAVY INDUSTRIAL
      1140 Canal Blvd, Richmond, CA 94804-3552
      View Details
    • Value Estimation
      $625,000
      5.88 Acres

      1689 Regatta Blvd

      INDUSTRIAL PARK
      1689 Regatta Blvd, Richmond, CA 94804-7438
      View Details
    • Value Estimation by Request
      22.06 Acres

      100 Cutting Blvd, Unit 102

      HEAVY INDUSTRIAL
      100 Cutting Blvd, Richmond, CA 94804-2126
      View Details
    • Value Estimation
      $9,895,000
      103,680 SF

      1100 Marina S Way

      INDUSTRIAL PARK
      1100 Marina S Way, Richmond, CA 94804-3727
      View Details
    • Value Estimation
      $2,950,000
      41,555 SF

      941 Marina S Way, Unit 951

      INDUSTRIAL PARK
      941 Marina S Way, Richmond, CA 94804-3764
      View Details
    • Value Estimation
      $4,740,000
      69,529 SF

      250 Canal Blvd

      HEAVY INDUSTRIAL
      250 Canal Blvd, Richmond, CA 94804-2002
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,740 SF

      Light Industrial Building For Sale

      Leased light industrial building with additional parcel included.
      744 13Th St, Richmond, CA 94804
      View Details
    • $1,990,000
      10,124 SF

      1356 50Th St, Richmond, CA 94804

      Industrial properties
      1356 50Th St, Richmond, CA 94804
      View Details
    • Contact for pricing
      12,390 SF

      Richmond Automotive Industrial Property

      Industrial automotive property with secured parking and income potential.
      2323 Nevin Ave, Richmond, CA 94804
      View Details
    • Contact for pricing
      7,425 SF

      Richmond Commercial Warehouse in Green Zone

      Versatile industrial property in Richmond's Green Zone, ideal for various uses.
      10301034 Ohio Ave, Richmond, CA 94804
      View Details
    • $849,000

      Versatile Commercial Building in Richmond

      6,312 SF commercial building with three units and parking.
      2809 Macdonald Ave, Richmond, CA 94804
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr

      Renovated Office in Gated Park

      Renovated office space in a secure, multi-tenant business park.
      1961 Meeker Ave, 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
    • Contact for pricing
      13,916 SF

      Richmond Warehouse with Bow Truss

      13,916 SF warehouse featuring bow truss ceiling and skylights.
      1275 Hall Ave, Richmond, CA 94804
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      5,482 SF

      Richmond Warehouse Space Available

      Industrial warehouse space available for lease in Richmond, California.
      1050-1121 South 1430 Regatta Blvd, Richmond, CA 94804
      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.
    402 Wright Ave
    Richmond, CA 94804-3532
    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

    Thank You for Inquiry
    402 Wright Ave, Richmond, CA, 94804
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!