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    605 Parker Ave Rodeo, CA 94572-1434
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    Property profile & analytics

    605 Parker Ave, Rodeo, CA 94572-1434

    View on Map
    • Super regional malls
    • 42,244 SF
    • 3.28 lot acres
    Off-Market
    Property ID
    US09-3818966
    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
    $9,920,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cardtronics ATM / Atm
    • Coinstar Exchange / Bank / Credit Union
    • Coinme at Coinstar - Bitcoin Kiosk / Atm / Currency Exchange Service
    • Safeway Bakery / Bakery / Specialty Food Shop

    Property Details for 605 Parker Ave

    Year built
    1980
    Lot size
    3.28 lot acres
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    357-132-017-9
    APU
    3571320179

    Description

    This exceptional retail property, located at 605 Parker Avenue in Rodeo, California, presents a compelling investment opportunity. The property boasts a total of 47,894 square feet of commercial space, currently divided into two suites within a well-established neighborhood center. A significant portion of the space, totaling 9,743 square feet, is currently vacant, offering immediate potential for new tenants. The minimum divisible space is 2,043 square feet, ideal for smaller businesses, while larger tenants can occupy up to 7,700 contiguous square feet. This flexibility makes the property suitable for a diverse range of retail uses. The property is situated in Contra Costa County, with the convenient zip code of 94572. Ample parking is available for customers and employees, ensuring a positive shopping experience. This prime location in Rodeo, California offers excellent visibility and accessibility, making it an attractive destination for both businesses and shoppers. The property's existing infrastructure and established neighborhood presence provide a solid foundation for future growth and profitability. This is a rare opportunity to acquire a well-positioned retail center in a thriving community. Contact us today to learn more about this exceptional investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $12,580,000
      6.5%
      $11,615,000
      7%
      $10,785,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Rodeo
    County
    Contra Costa
    State
    California
    Longitude
    -122.266
    Latitude
    38.0294
    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
    $89,346
    $3,214,905
    $4,454,354
    $7,669,259
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $725,000
      5,632 SF

      683 Parker Ave

      REGIONAL SHOPPING CENTER, MALL
      683 Parker Ave, Rodeo, CA 94572-1434
      View Details
    • Value Estimation
      $2,545,000
      10,174 SF

      667 Parker Ave

      REGIONAL SHOPPING CENTER, MALL
      667 Parker Ave, Rodeo, CA 94572-1434
      View Details
    • Value Estimation by Request
      3,182 SF

      201 Parker Ave

      RETAIL STORES (PERSONAL SERVICES)
      201 Parker Ave, Rodeo, CA 94572-1122
      View Details
    • Value Estimation by Request
      1,604 SF

      706 San Pablo Ave

      AUTO REPAIR, GARAGE
      706 San Pablo Ave, Rodeo, CA 94572
      View Details
    • Value Estimation
      $765,000
      3,234 SF

      456 1st St

      RETAIL STORES (PERSONAL SERVICES)
      456 1st St, Rodeo, CA 94572-1006
      View Details
    • Value Estimation
      $770,000
      4,380 SF

      226 Pacific Ave

      RETAIL STORES (PERSONAL SERVICES)
      226 Pacific Ave, Rodeo, CA 94572-1118
      View Details

    Similar Nearby for Sale

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      6,352 SF

      Mixed-Use Income Property in Rodeo

      Mixed-use property with diverse tenants in downtown Rodeo.
      205 Pacific Ave, Rodeo, CA 94572
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    • $1,150,000
      5,982 SF

      Medical Office Investment Opportunity

      Leased medical building with high ceilings and recent renovations.
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    • $225,000

      Commercial Land in Rodeo, CA

      Commercial land available in Rodeo, California.
      343 Rodeo Ave, Rodeo, CA 94572
      View Details
    • $2,495,000
      0.17 Acres

      Rodeo Commercial Building - Huge Potential

      Historic building, 8,472 sqft, residential unit.
      511 3Rd St, Rodeo, CA 94572
      View Details
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    Rodeo, CA 94572-1434
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    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
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