4325 Macdonald Ave Richmond, CA 94801
- Auto shops
- 1,575 SF
- 0.23 lot acres
Current Use by Public Records
- Yes Auto Center / Auto Repair Shop
- Take 5 Oil Change / Auto Repair Shop
Property Details for 4325 Macdonald Ave
- Year built
- 1988
- Construction
- WOOD FRAME
- Lot size
- 0.23 lot acres
- Property size
- 1,575 SF
- Zone code
- C2
- Property type
- Auto shops
- APN
- 517-231-009-5
- APU
- 5172310095
Description
This exceptional investment opportunity presents the chance to acquire a fee-simple interest in a 1,575 square foot, fully occupied Take 5 Oil Change located at 4325 Macdonald Ave, Richmond, CA 94805. The property, built in 1988 and extensively renovated in 2023, sits on a 0.23-acre lot with six parking spaces and benefits from a prime location in a high-traffic area. The property is zoned CM-3 (Commercial Mixed-Use) and boasts excellent visibility due to its position on a signalized, hard corner intersection of Macdonald Ave and 44th St, with combined daily traffic exceeding 15,700 vehicles. Further enhancing its accessibility, the property enjoys convenient access to Interstate 80, a major thoroughfare averaging over 217,000 vehicles per day. The strong tenant, Take 5 Oil Change, recently signed a new 15-year absolute NNN lease with three 5-year renewal options, ensuring long-term income stability. The lease includes 10% rental increases every five years, providing built-in protection against inflation. The property's Net Operating Income (NOI) is $100,000, resulting in a 5.25% cap rate. The asking price is $1,905,000, or $1,209.52 per square foot. The property's strategic location across from the 200,000 square foot Macdonald 80 Shopping Center, anchored by Target, and surrounded by numerous national retailers, including Home Depot, Safeway, and Ross, ensures high consumer traffic and strong tenant synergy. The 5-mile trade area boasts over 282,000 residents and 74,000 employees, with an average household income exceeding $140,977. This presents a compelling investment opportunity with significant upside potential. APN: 517-231-009-5.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $470,000
- ML approach
- $545,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $615,000
Market price range: $258k - $616k -
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $405,000 Current use
- MEDICAL BUILDING
- $570,000 Change: +41% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $445,000 Change: +10% Conversion: Moderate
- OFFICE BUILDING
- $390,000 Change: -4% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Contra Costa
- State
- California
- Longitude
- -122.328
- Latitude
- 37.9332
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
