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Owner-User / Investor Office in El Cerrito 1600 Kearney St 9,392 SF Vacant Office Building El Cerrito, CA 94530 $2,766,780 CAD ($294.59 CAD/SF) 4.97% Cap Rate
INVESTMENT HIGHLIGHTS
- Owner-User or Investor Opportunity - Owner-user can occupy part or all of the space, or an investor could acquire bring rents to market.
- Near Bart + Shopping - Walk to Bart and outstanding neighborhood area shops, markets, restaurants, and bars.
- Potential Development - TOHIMU zoning. 45 units/acre but could likely capitalize on various state laws allowing additional bonus density.
- Flexible office AND industrial zoning
EXECUTIVE SUMMARY
Cap Rate - 4.97% (Current)
GRM - 12.15(Current)
Cap Rate - 7.63% (Proforma)
GRM - 8.86 (Proforma)
Davide F. Pio proudly presents 1600 Kearney St in El Cerrito, CA for sale. The building was home to Cerrito Printing and had the power to support the workload. An additional suite was added, and currently, the building is divided into four (4) separate suites of varying sizes with long-term tenants.
The property is a perfect fit for a variety of buyers. An owner-user could occupy all or some of the space while retaining some rental income, or an investor could acquire the building and bring rents to market rates. Additionally, TOHIMU zoning allows 45+ units/acre.
Being in the heart of the East Bay, the building is within a two (2) mile distance to both El Cerrito Del Norte and El Cerrito Plaza Bart stations, and Highway 80. Oakland and San Francisco including their respective airports are all within a 10-to-25 mile distance.
GRM - 12.15(Current)
Cap Rate - 7.63% (Proforma)
GRM - 8.86 (Proforma)
Davide F. Pio proudly presents 1600 Kearney St in El Cerrito, CA for sale. The building was home to Cerrito Printing and had the power to support the workload. An additional suite was added, and currently, the building is divided into four (4) separate suites of varying sizes with long-term tenants.
The property is a perfect fit for a variety of buyers. An owner-user could occupy all or some of the space while retaining some rental income, or an investor could acquire the building and bring rents to market rates. Additionally, TOHIMU zoning allows 45+ units/acre.
Being in the heart of the East Bay, the building is within a two (2) mile distance to both El Cerrito Del Norte and El Cerrito Plaza Bart stations, and Highway 80. Oakland and San Francisco including their respective airports are all within a 10-to-25 mile distance.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$311,827
|
$33.20
|
| Other Income |
$623
|
$0.07
|
| Vacancy Loss |
$26,506
|
$2.82
|
| Effective Gross Income |
$285,944
|
$30.45
|
| Taxes |
$39,623
|
$4.22
|
| Operating Expenses |
$35,151
|
$3.74
|
| Total Expenses |
$74,774
|
$7.96
|
| Net Operating Income |
$211,170
|
$22.48
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $311,827 |
| Annual Per SF | $33.20 |
| Other Income (CAD) | |
|---|---|
| Annual | $623 |
| Annual Per SF | $0.07 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $26,506 |
| Annual Per SF | $2.82 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $285,944 |
| Annual Per SF | $30.45 |
| Taxes (CAD) | |
|---|---|
| Annual | $39,623 |
| Annual Per SF | $4.22 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $35,151 |
| Annual Per SF | $3.74 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $74,774 |
| Annual Per SF | $7.96 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $211,170 |
| Annual Per SF | $22.48 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
9,392 SF
Building Class
C
Year Built
1949
Price
$2,766,780 CAD
Price Per SF
$294.59 CAD
Cap Rate
4.97%
NOI
$137,599 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,392 SF
Building FAR
0.48
Lot Size
0.45 AC
Opportunity Zone
Yes
Zoning
TOHIMU - Transit Oriented High-Intensity Mixed Use
Parking
17 Spaces (1.81 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 502-232-013-8 | Total Assessment | $1,465,739 CAD |
| Land Assessment | $669,354 CAD | Annual Taxes | $39,623 CAD ($4.22 CAD/SF) |
| Improvements Assessment | $796,385 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
502-232-013-8
Land Assessment
$669,354 CAD
Improvements Assessment
$796,385 CAD
Total Assessment
$1,465,739 CAD
Annual Taxes
$39,623 CAD ($4.22 CAD/SF)
Tax Year
2025
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Owner-User / Investor Office in El Cerrito | 1600 Kearney St
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