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Property profile & analytics
OFF-MARKET
Retail space

609 San Pablo Ave Albany, CA 94706-1128

1,000 SF 0.06 ac lot Built 1948
Trust Owned 11-yr Hold Free & Clear
Property ID
US09-8433961
Property summary
AI-generated overview

This exceptional business opportunity presents a well-established dry cleaning, wash-and-fold, and alterations service located at 609 San Pablo Ave, Albany, CA. Currently operating successfully for 23 years, the owners are planning retirement, making this a rare chance to acquire a turnkey operation. The business boasts a strong track record and loyal clientele, built over two decades of dedicated service. Importantly, note that the dry cleaning process itself is not performed on-site, streamlining operations and potentially reducing overhead. The current monthly rent is $1,650, with lease terms open to negotiation with the landlord. The asking price of $10,000 represents a compelling value for a business with this history and established customer base. The owners are highly motivated to sell quickly, making this an ideal opportunity for a prospective buyer seeking a profitable venture with immediate income potential. The 0.06-acre lot provides ample space for the current operations. Serious inquiries are encouraged

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1948
Construction TILT-UP CONCRETE
Total area 1,000 SF
Lot 0.06 ac (2,426 SF)
APN 67-2813-23
UPID US09-8433961
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
by Request
Blend (final) Blend
by Request
Owner & transaction history
Shiu Family Trust · 11 yrs held
Shiu Family Trust
since 2014
5 recorded transactions
2014
Price N/A
2000
Price N/A
1999
Price N/A
1969
Price N/A
1964
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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