12488-12492 San Pablo Ave
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12488-12492 San Pablo Ave
3,482 SF 100% Leased Retail Building Richmond, CA 94805 $1,195,000 ($343/SF) 6.32% Cap Rate
Executive Summary
Prime 2-Story Mixed-Use Property in an Excellent Location
Built in 1946, this versatile property offers a unique layout featuring two office units and two retail units on the ground floor, with a spacious 3-bedroom, 1.5-bathroom apartment on the second floor.
The property includes a fenced and gated parking area, divided into a retail section with five surface spaces and a yard accommodating approximately 11 surface spaces and a 2-car garage. Additionally, there are two surface parking spaces outside the gated area along Clinton Avenue, one of which is assigned to the residential unit.
This property is an exceptional investment opportunity in a prime location.
Built in 1946, this versatile property offers a unique layout featuring two office units and two retail units on the ground floor, with a spacious 3-bedroom, 1.5-bathroom apartment on the second floor.
The property includes a fenced and gated parking area, divided into a retail section with five surface spaces and a yard accommodating approximately 11 surface spaces and a 2-car garage. Additionally, there are two surface parking spaces outside the gated area along Clinton Avenue, one of which is assigned to the residential unit.
This property is an exceptional investment opportunity in a prime location.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,482 SF
Building Class
C
Year Built
1946
Price
$1,195,000
Price Per SF
$343
Cap Rate
6.32%
NOI
$75,562
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.29
Lot Size
0.28 AC
Zoning
C-2, Richmond - Commercial/ retail usage.
Parking
18 Spaces (5.17 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Fenced Lot
- Signalized Intersection
Walk Score ®
Very Walkable (80)
Bike Score ®
Very Bikeable (71)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 519-010-023-9 | Total Assessment | $1,050,595 |
| Land Assessment | $382,034 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $668,561 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
519-010-023-9
Land Assessment
$382,034
Improvements Assessment
$668,561
Total Assessment
$1,050,595
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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12488-12492 San Pablo Ave
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