Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    721 Castro St, Unit 737 Martinez, CA 94553-1609

    • Retail space
    • 7,020 SF
    • 0.19 lot acres
    OFF-MARKET
    Last Sale
    Mar 30, 2022
    Value Estimations
    $1,205,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-2591162
    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 721 Castro St

    Year built
    1927
    Lot size
    0.19 lot acres
    Property size
    7,020 SF
    Property type
    Retail space
    APN
    373-193-014-9
    APU
    3731930149

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,229,000
      Market price range: $826k - $1.78M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,420,000
      Current use
      AUTO REPAIR, GARAGE
      $1,860,000
      Change: +31% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,780,000
      Change: +26% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Martinez
    County
    Contra Costa
    State
    California
    Longitude
    -122.137
    Latitude
    38.0165
    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
    $13,534
    $142,227
    $876,126
    $1,018,353
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,072 SF

      707 Marina Vis Ave, Unit 709

      RETAIL STORES (PERSONAL SERVICES) • 3,072 SF
      707 Marina Vis Ave, Martinez, CA 94553-1134
      View Details
    • Value Estimation
      $665,000
      8,544 SF

      1424 Shell Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,544 SF
      1424 Shell Ave, Martinez, CA 94553-2051
      View Details
    • Value Estimation
      $2,025,000
      9,784 SF

      6635 Alhambra Ave Ste, Unit 300

      RETAIL STORES (PERSONAL SERVICES) • 9,784 SF
      6635 Alhambra Ave Ste, Martinez, CA 94553-6100
      View Details
    • Value Estimation
      $1,405,000
      6,552 SF

      4041 Alhambra Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,552 SF
      4041 Alhambra Ave, Martinez, CA 94553-3827
      View Details
    • Value Estimation
      $890,000
      13,489 SF

      701 Escobar St

      RETAIL STORES (PERSONAL SERVICES) • 13,489 SF
      701 Escobar St, Martinez, CA 94553-1150
      View Details
    • Value Estimation by Request
      1,600 SF

      500 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,600 SF
      500 Main St, Martinez, CA 94553-1140
      View Details

    Similar Nearby for Sale

    • $1,400,000

      Updated Retail/Office Building For Sale

      Retail and office suites in blossoming Downtown Martinez.
      411 Ferry St, Martinez, CA 94553
      View Details
    • $2,500,000

      Versatile Retail Complex For Sale

      Two-building retail complex on nearly one acre with ample parking.
      4966 Pacheco Blvd, Martinez, CA 94553
      View Details
    • Contact for pricing

      Mixed-Use Building in Downtown Martinez

      Two-story mixed-use building with retail and office space.
      702-712 Main St, Martinez, CA 94553
      View Details
    • Contact for pricing
      4,767 SF

      Martinez Retail Business Opportunity

      Retail property with showroom, office, and storage space for sale.
      5050 Pacheco Blvd, Martinez, CA 94553
      View Details
    • Contact for pricing
      15,246 SF

      Martinez Office Building For Sale

      Office building with recent upgrades and convenient highway access.
      2870 Howe Rd, Martinez, CA 94553
      View Details
    • $699,000

      Martinez Specialty Property For Sale

      Specialty property available for purchase in Martinez, California.
      300 Lakehurst Dr, Martinez, CA 94553
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      7,850 SF

      Retail Space in Martinez Center

      Retail space available in established Martinez shopping center.
      6648 Alhambra Ave, Martinez, CA 94553
      View Details
    • $4 SF/Yr
      10,126 SF

      Main St, Martinez, CA 94553

      Prime corner retail space in historic downtown Martinez building.
      Main St, Martinez, CA 94553
      View Details
    • $4,725 /Mo
      7,930 SF

      Versatile Retail Space For Lease

      1,350 sq ft retail space near major retailers.
      Arnold Dr #102B, Martinez, CA 94553
      View Details
    • $4,725 /Mo

      Versatile Retail Space For Lease

      1350 sq ft retail space near major retailers.
      1124 Arnold Dr, Martinez, CA 94553
      View Details
    • Contact for pricing
      1,960 SF

      Retail Space in Martinez, CA

      Retail space available for lease in Martinez, California.
      1150 Arnold Dr, Martinez, CA 94553
      View Details
    • Contact for pricing
      1,563 SF

      Retail Space in Martinez, CA

      Retail space available for lease in Martinez, California.
      1160 Arnold Dr, Martinez, CA 94553
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    721 Castro St, Unit 737
    Martinez, CA 94553-1609
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!