25 Visitaction Ave
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25 Visitaction Ave
2,300 SF Retail Building Brisbane, CA 94005 $1,131,101 CAD ($492 CAD/SF) 4.89% Cap Rate
Investment Highlights
- Shovel ready development approved
- No parking required for Commercial Restaurant or other uses
- Very Flexible Zoning
Executive Summary
25 Visitacion Ave. is located in the highly desirable town of Brisbane which is known for its natural setting, scenic views and sunshine. This property is centrally located and is approximately 2300sf of commercial space (was used as restaurant. Now vacant). Wonderful location, warm community. Open business easily. No parking required for restaurant and many other uses. Option 2: build new. Owner has shovel ready plans for 4000sf single family home. Opportunity to develop: Residential allowed: single family homes, apartments, condos. Very flexible zoning. Walking distance to Public Transportation, shopping, schools and more.
Financial Summary (Pro forma - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$44,224
|
$19.23
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$44,224
|
$19.23
|
| Taxes |
$12,757
|
$5.55
|
| Operating Expenses |
$4,252
|
$1.85
|
| Total Expenses |
$17,009
|
$7.40
|
| Net Operating Income |
$27,214
|
$11.83
|
Financial Summary (Pro forma - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $44,224 |
| Annual Per SF | $19.23 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $44,224 |
| Annual Per SF | $19.23 |
| Taxes (CAD) | |
|---|---|
| Annual | $12,757 |
| Annual Per SF | $5.55 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $4,252 |
| Annual Per SF | $1.85 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $17,009 |
| Annual Per SF | $7.40 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $27,214 |
| Annual Per SF | $11.83 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,300 SF
Building Class
C
Year Built
1956
Price
$1,131,101 CAD
Price Per SF
$492 CAD
Cap Rate
4.89%
NOI
$55,364 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.86
Land Acres
0.06 AC
Zoning
C20000 - Residential and or commercial
Frontage
21 ft on Visitacion Avenue
Amenities
- Restaurant
Walk Score ®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 007-222-090 | Total Assessment | $1,075,896 CAD |
| Land Assessment | $1,075,896 CAD | Annual Taxes | $12,757 CAD ($5.55 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
007-222-090
Land Assessment
$1,075,896 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,075,896 CAD
Annual Taxes
$12,757 CAD ($5.55 CAD/SF)
Tax Year
2023
-
Joel Diaz -
eXp Commercial
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25 Visitaction Ave
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