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    Property profile & analytics

    840 Morton Ave Richmond, CA 94806

    • Manufacturing properties
    • 5,513 SF
    • 3.19 lot acres
    For Sale
    View listing
    $3,000,000
    Value Estimation
    Location Intelligence
    Property ID
    US09-3099044
    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

    • Manufacturing properties

    Property Details for 840 Morton Ave

    Year built
    1962
    Lot size
    3.19 lot acres
    Property size
    5,513 SF
    Property type
    Manufacturing properties
    APN
    408-060-009-3
    APU
    4080600093

    Description

    This exceptional 3.19-acre industrial/commercial development site presents a unique investment opportunity in North Richmond, CA, at 840 Morton Ave. The property boasts a strategic location, bordered to the west by the Union Pacific Railroad, offering convenient freight access, and beyond that, the scenic Point Pinole Regional Park and San Pablo Bay. To the east and south, the site is surrounded by established light industrial properties, including a significant distribution center. The northern boundary abuts a residential community, Parchester Village, providing a blend of commercial and residential proximity. Currently on the site is a 5,513 square foot warehouse equipped with robust 200 amp, 440v, 3-phase electrical service, providing immediate utility. While this existing structure offers potential for immediate use or redevelopment, the expansive acreage allows for significant future development. It's important to note two easements: a 60-foot wide easement along the northern boundary for PG&E, restricting permanent structures in that area, and a 16.5-foot wide easement along the western boundary for Kinder Morgan's underground pipeline. All measurements are sourced from public records

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $385,000
      6.5%
      $405,000
      7%
      $375,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $360,000
      Geo Method
      $405,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $420,000
      Retail
      $350,000
      Mixed-Use
      $460,000
      Hospitality
      $460,000
      Educational
      $465,000
      Residential Income
      $390,000
      Energy
      $375,000
      Income-Based Land
      $360,000
      Food Service
      $380,000

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Contra Costa
    State
    California
    Longitude
    -122.357
    Latitude
    37.9819
    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
    $5,879
    $134,205
    $78,297
    $212,502
    -
    $0.00
    $0.00
    $0.00

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    • Value Estimation
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      Richmond Industrial Development Site

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    840 Morton Ave
    Richmond, CA 94806
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    Realmo Value Estimation

    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.

    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.

    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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