Richmond, CA
Commercial Real Estate Market Trends & Data

$365 Avg asking sale price
$360 Avg asking lease rate
13,367 SF Avg unit lease size
16,425 SF Avg building size for sale
6.63% Average cap rate

Richmond's Demographic Profile

Richmond has 37,550 households and a median income of $81,521, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 112,921
# Households 37,550
Median age 39
Median household income $81,521
Avg household size 3.0
Renter-occupied housing units 18,501
5-year population change -1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Richmond, CA

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Richmond $379 10,397 SF 8.57%
El Cerrito $352 8,132 SF 6.00%
Pinole $470 13,437 SF 8.57%
Albany $333 16,486 SF 6.73%
Nearby Retail Markets Avg Cost/SF Typical Size
Richmond $416 11,051 SF
San Pablo $345 3,444 SF
El Sobrante $341 7,021 SF
El Cerrito $420 15,465 SF
Point Richmond $321 12,000 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Richmond $311 8,886 SF 9.56%
San Pablo $301 9,050 SF 7.81%
El Cerrito $390 4,997 SF 5.41%
Albany $390 5,588 SF 5.41%
Bay Area $452 12,027 SF 13.07%

Commercial Properties For Sale in Richmond

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Office Space For Sale/Lease 1st Floor

San Pablo, CA 94806

  • 20,803 SF Office Building
  • $275,000
For Sale

147 W Richmond Ave

Richmond, CA 94801

  • 12,000 SF Multifamily
  • 6.89% Cap Rate
  • $3,850,000
For Sale

Just Listed | 6.39% CAP | 4 Units | Richmond

Richmond, CA 94804

  • 3,338 SF Multifamily
  • $1,050,000
For Sale

Plaza One

Richmond, CA 94806

  • 45,010 SF Office Building
  • 8.57% Cap Rate
  • $7,750,000
For Sale

Priced To Sell - 5 Unit Building

Richmond, CA 94801

  • 4,000 SF Multifamily
  • 7.57% Cap Rate
  • $1,050,000
For Sale

DaVita Anchored Retail Center 100% Leased-NNN

Richmond, CA 94805

  • 12,255 SF Retail Building
  • 7.25% Cap Rate
  • $5,195,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Richmond pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Richmond $365 16,425 SF
San Pablo $301 7,753 SF
El Sobrante $356 12,312 SF
El Cerrito $405 12,314 SF
Point Richmond $356 11,531 SF

Multifamily Properties For Sale in Richmond

For Sale

12477 San Pablo Ave

Richmond, CA 94805

  • 3,034 SF Multifamily
  • 4.82% Cap Rate
  • $995,000

Regional Demographic Comparison

This comparison places Richmond alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Richmond or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Richmond 112,921 37,550 39 $81,521 3 18,501 -1%
San Pablo 31,390 9,315 37 $67,269 3 5,289 -1%
El Sobrante 13,724 4,865 43 $103,015 3 1,745 -1%
El Cerrito 25,744 10,379 44 $122,148 2 4,392 -1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Richmond, CA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Richmond

View All Commercial Real Estate For Sale in Richmond
Is Richmond a good market for a first-time commercial real estate investor?

Richmond offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Richmond?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Richmond. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Richmond?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Richmond. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Richmond compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Richmond. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Richmond acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Richmond, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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