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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    609 San Pablo Ave Albany, CA 94706-1128

    • Retail space
    • 1,000 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimations
    $360,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8433961
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 609 San Pablo Ave

    Year built
    1948
    Construction
    TILT-UP CONCRETE
    Lot size
    0.06 lot acres
    Property size
    1,000 SF
    Property type
    Retail space
    APN
    67-2813-23
    APU
    67281323

    Description

    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

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $419,000
      Market price range: $140k - $420k
      AI Estimate
      $199,000
      Market price range: $69.5k - $200k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $285,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $425,000
      Change: +50% Conversion: Moderate
      MEDICAL BUILDING
      $395,000
      Change: +39% Conversion: Difficult
      OFFICE BUILDING
      $340,000
      Change: +20% Conversion: Easy
      AUTO REPAIR, GARAGE
      $320,000
      Change: +13% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $280,000
      Change: -1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Alameda
    State
    California
    Longitude
    -122.3
    Latitude
    37.8948
    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
    2023
    $8,807
    $135,608
    $316,390
    $451,998
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $300,000
      4,500 SF

      813 San Pablo Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,500 SF
      813 San Pablo Ave, Albany, CA 94706-1602
      View Details
    • Value Estimation
      $430,000
      9,000 SF

      619 San Pablo Ave

      RETAIL STORES (PERSONAL SERVICES) • 9,000 SF
      619 San Pablo Ave, Albany, CA 94706-1128
      View Details
    • Value Estimation
      $355,000
      1,186 SF

      1492 Solano Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,186 SF
      1492 Solano Ave, Albany, CA 94706-2148
      View Details
    • Value Estimation
      $310,000
      1,155 SF

      1015 San Pablo Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,155 SF
      1015 San Pablo Ave, Albany, CA 94706-2225
      View Details
    • Value Estimation
      $1,945,000
      5,000 SF

      990 San Pablo Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      990 San Pablo Ave, Albany, CA 94706-2010
      View Details
    • Value Estimation
      $255,000
      1,600 SF

      816 San Pablo Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,600 SF
      816 San Pablo Ave, Albany, CA 94706-1603
      View Details

    Similar Nearby for Sale

    • $888,000
      2,157 SF

      Solano Ave Retail Investment Opportunity

      Albany, CA Retail Space - $888,000
      1019 Solano Ave, Albany, CA 94706
      View Details
    • Contact for pricing
      704 SF

      Retail Space in Berkeley

      Retail property with 704 square feet in Berkeley, CA.
      1955 San Pablo Ave, Berkeley, CA 94706
      View Details
    • $790,000
      2,350 SF

      Retail Property on San Pablo Avenue

      Retail property in a high-traffic location near Gilman.
      San Pablo Ave, Berkeley, CA 94706
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    • $2,480,000

      Albany Development Opportunity Near BART

      40-unit residential development opportunity near El Cerrito Plaza BART Station.
      525 San Pablo Ave, Albany, CA 94706
      View Details
    • $800,000
      0.09 Acres

      Prime Albany Commercial Building

      High-visibility San Pablo Ave location.
      928 San Pablo Ave, Albany, CA 94706
      View Details
    • $2,480,000
      1,134 SF

      Albany Development Opportunity Near BART

      Prime 40-unit residential development opportunity in Albany's business district.
      545 San Pablo Ave, Albany, CA 94706
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,702 SF

      Retail Space in Berkeley Available

      High-visibility Berkeley retail space with ample parking and tenant improvements.
      3015 San Pablo Ave, Berkeley, CA 94706
      View Details
    • Contact for pricing
      1,222 SF

      Retail Space in Berkeley

      Retail space available in high-traffic Berkeley location.
      3006 San Pablo Ave, Berkeley, CA 94706
      View Details
    • $4 SF/Yr
      466 SF

      Prime Berkeley Retail/Office Space

      Versatile space suitable for retail, dining, or office use.
      1762 Solano Ave, Berkeley, CA 94706
      View Details
    • Contact for pricing
      1,320 SF

      Retail Space in West Berkeley

      Retail space for lease or ground lease in Berkeley.
      1200 San Pablo Ave, Berkeley, CA 94706
      View Details
    • $2 SF/Yr
      780 SF

      Retail Space on Solano Avenue

      780 SF retail space with mezzanine in North Berkeley.
      1749-1757 Solano Ave, Berkeley, CA 94706
      View Details
    • Contact for pricing
      9,432 SF

      Berkeley Office Space Available

      Flexible office space with excellent natural light and convenient amenities.
      3100 San Pablo Ave, Berkeley, CA 94706
      View Details
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    609 San Pablo Ave
    Albany, CA 94706-1128
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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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