3726 Barrett AveRichmond, CA 94805

Property Details for 3726 Barrett Ave

Year built

1963

Lot size

0.46 AC

Property size (Sq ft)

9,818 SF

Property type

Office properties

Property subtype

Office buildings

APN

517-190-023-5

APU

5171900235

Description

This exceptional 850-square-foot single-tenant office space is ideally situated at the corner of Barrett Avenue and 38th Street in the heart of Richmond, Contra Costa County. Built in 1963, this one-story building offers a convenient and accessible location, just three blocks from the County Courthouse. The property boasts a generous 20,000-square-foot lot spanning 0.46 acres, providing ample space and potential for future development. The building's single-tenant occupancy ensures privacy and control. Its strategic location offers easy access to major transportation arteries, including Interstate 80 and BART, as well as convenient access to public transportation. The area is experiencing significant growth, with a recently constructed Target store nearby, further enhancing the property's appeal and investment potential. This is a rare opportunity to acquire a well-located, single-tenant office building in a thriving commercial area. The property's convenient location and proximity to key amenities make it an attractive option for businesses seeking a functional and accessible workspace. The building's single-story design offers ease of access and efficient use of space. This property presents a compelling investment opportunity in a dynamic and growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,693,568

  6.5%

  $2,486,371

  7%

  $2,308,773

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,801,567

  Geo Method

  $2,738,338

• Alternative Use

  Use

  Valuation

  Residential

  $3,083,100

  Hospitality

  $2,824,103

  Educational

  $2,349,620

  Medical

  $2,430,428

  Retail

  $3,654,965

Location Insight

City

Richmond

County

Contra Costa

State

California

Latitude

37.9362

Longitude

-122.333

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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