610 Ct St Martinez, CA 94553-1205
- Office buildings
- 7,134 SF
- 0.08 lot acres
Current Use by Public Records
- Office buildings
Property Details for 610 Ct St
- Year built
- 1955
- Lot size
- 0.08 lot acres
- Property size
- 7,134 SF
- Property type
- Office buildings
- APN
- 373-265-001-9
- APU
- 3732650019
Description
This exceptional two-story, 6,233-square-foot executive office building in vibrant downtown Martinez, California, presents a compelling investment opportunity. Located at 610 Court Street, this property boasts a desirable 6.00% cap rate and an asking price of $1,440,000. Built in 1955, the building features high-quality finishes and is situated directly across from the County Buildings, ensuring excellent pedestrian traffic and visibility. The property is zoned CC and sits on a 0.09-acre lot. Currently, 73% occupied, the building offers immediate occupancy for retail spaces, including two vacant suites (Suite 102: 784 square feet and Suite 103: 871 square feet). The entire second floor is occupied as executive office space. A recorded condo map allows for the potential sale of individual condo units. This prime location in the heart of Martinez offers unparalleled accessibility and benefits from a thriving downtown environment. The property's strong financials, combined with its strategic location and flexible space options, make it an ideal investment for owner-users or investors seeking a high-return asset in a desirable California market. The building's mix of retail and office space provides diverse income streams and potential for future growth. Don't miss this chance to acquire a well-maintained, high-performing commercial property in a flourishing downtown area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $370,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $350,000
- 6.5%
- $365,000
- 7%
- $370,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $350,000
- Geo Method
- $350,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $350,000
- Retail
- $395,000
- Mixed-Use
- $415,000
- Hospitality
- $335,000
- Educational
- $390,000
- Residential Income
- $410,000
- Energy
- $360,000
- Income-Based Land
- $320,000
- Food Service
- $375,000
Location Insight
- Map
- Local Demand
- City
- Martinez
- County
- Contra Costa
- State
- California
- Longitude
- -122.135
- Latitude
- 38.0187
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA