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    Versatile Historic Building in Downtown Benicia Title is generated by Realmo AI

    106 W J Street, Benicia, CA 94510

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    For Sale
    $1,700,000

    Mixed Use - Benicia, CA

    Type:Mixed Use
    Property size:
    8,820 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $192/SF
    Added:
    Mar 6, 2026
    Days on Market:
    72
    Last Refresh:
    May 17 at 8:06 am

    Property Features for 106 W J Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    EntryLevel
    Varies by Unit
    Standard status
    Active
    APN
    0089-043-090
    Size
    8,820 SF
    Lot size
    0.15 Acres

    Building Details

    Year built
    1895
    Floors in Building
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Helen Yong
    Helen Yong

    Listing agent Helen Yong License #01772827

    Listing office eXp Realty of California, Inc 425 Virginia St Ste B, Vallejo, CA

    Listing date Mar 6, 2026

    MLS# 326018256 Listing URL

    Copyright © 2026 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime downtown location at the corner of 1st & W J Streets with high foot traffic.
    • Three separate retail storefronts on 1st St with long‑term tenants.
    • 50x50 ft Main Hall with 18 ft ceiling, wood floors, and large windows, suitable for events, studios, or galleries.
    • Semi‑remodeled second story with new industrial kitchen featuring stainless sink and 8 ft prep island.
    • Climate‑controlled, sound mitigated, and insulated office space with energy‑efficient windows.
    • Two ADA‑compliant bathrooms, one with a full shower.

    Overview

    Located in the heart of downtown Benicia, this historic commercial building offers a versatile space with a blend of retail and customizable areas. The property features three separate retail storefronts on 1st Street, currently occupied by long-term tenants. The second story, accessible via a discreet entrance at 106 W J St, has been semi-remodeled, combining historic charm with modern updates. The upper level includes a new industrial kitchen equipped with a large stainless sink and an 8 ft prep island, suitable for cooking classes or catering services. It also features a climate-controlled, sound mitigated, and insulated office, along with two ADA-compliant bathrooms, one of which includes a full shower, and energy-efficient windows. The Main Hall provides a 50x50 ft open space with wood floors, large windows, and an 18 ft ceiling, making it suitable for events, studios, or galleries. Currently used as a digital media studio, this space offers further customization potential, including use as a live-work space or an exclusive event venue. The building is situated on a 0.1495-acre lot and has a total size of 8820 square feet.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $1.64M
    NOI $147,567 @ 9.00% cap · cautious / downside scenario
    Moderate
    $2.11M
    NOI $147,567 @ 7.00% cap · market / base-case scenario
    Aggressive
    $2.95M
    NOI $147,567 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Office B

    Component $ $/SF
    Gross rent $232.8k $26.40
    − Vacancy −$36.1k −$4.09
    EGI $196.8k $22.31
    − OpEx −$49.2k −$5.58
    NOI $147.6k $16.73
    8,820 SF · lease $26.40/SF/yr · vacancy 15.50% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $2.11M
    $1.84M – $2.46M (±1% cap)
    NOI $147,567 @ 7.0% cap · market cap 8.68%
    Second Best
    Retail
    $1.56M
    $1.37M – $1.82M (±1% cap)
    NOI $109,295 @ 7.0% cap · market cap 6.43%
    Theoretical Best
    Office A
    $2.94M
    $2.58M – $3.43M (±1% cap)
    NOI $206,024 @ 7.0% cap · market cap 12.12%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strange Media Film Production

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Benicia
    County
    Solano
    State
    California
    Longitude
    -122.1571479
    Latitude
    38.0522116

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with retail storefronts and customizable upper level.
    Where is this mixed-use property located?
    The property is located at 106 W J Street Benicia, CA.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: Prime downtown location at the corner of 1st & W J Streets with high foot traffic.; Three separate retail storefronts on 1st St with long‑term tenants.; 50x50 ft Main Hall with 18 ft ceiling, wood floors, and large windows, suitable for events, studios, or galleries.
    (650) 271-2308
    We can help!
    Listing Contact
    Helen Yong
    Helen Yong
    Real Estate License ID: 01772827
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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