Property profile

610 Ct St Martinez, CA 94553

OFF-MARKET
Office buildings
Property ID
US09-2272373
7,134 SF 0.08 ac lot Built 1955
Entity Owned 14-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1955
Total area 7,134 SF
Lot 0.08 ac (3,690 SF)
APN 373-265-001-9
UPID US09-2272373

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

610 Ct St Martinez, CA 94553-1205
Martinez metro Census 316000 SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.26M
Blend (final) Blend
$370k

Owner & transaction history

since 2012
3 recorded transactions
2012
$378,000
2012
Price N/A
1973
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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