Two-Story Professional Office
New
For Sale
$1,050,000
1030 Seminary #C, Napa, CA 94559
Flexible workspace includes private offices, meeting rooms, open areas, and direct exterior entry.
Property Size2,366 SF
Price / SF$443.79
Days on Market4
Property Features for 1030 Seminary #C
General Information
Standard status
Active
Size
2,366 SF
Elevators
Yes
Property subtype
Commercial
Zoning
Downtown Mixed Use
Additional Details
Asking Price
$1,050,000
Amenities
kitchenette
built-in cabinetry
accessible restrooms
interior stairs
direct exterior entry
conference room
Building Details
Year Built
2006
Listing Agency:
W REAL ESTATE
2262661
Listed By:
MICHAEL HOLCOMB
Source:
Corcoran
Added: Aug 11
Changed: Aug 14
Last Checked: Aug 14 at 4:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of W REAL ESTATE
Investment Insights
Based on property information with market context.
This 2,366-square-foot office condominium occupies two levels in a building constructed in 2006. The interior includes three private offices, conference and meeting rooms, open work areas, and additional upper-floor rooms that can accommodate workstations, training, creative production, conference functions, or private offices. Vaulted ceilings, curved accent walls, frosted-glass doors, pendant lighting, expansive windows, and hardwood flooring add architectural definition to much of the lower level. A kitchenette, built-in cabinetry, accessible restrooms, elevator access, interior stairs, and direct exterior entry complete the suite.
Key Highlights
- 2,366‑square‑foot office condominium with a two‑level layout
- Constructed in 2006 with three private offices, meeting rooms, and open work areas
- Downtown Mixed Use zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,503
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$970,060
$970.1K
Cap Rate 7%
$692,900
$692.9K
Cap Rate 9%
$538,922
$538.9K
Market Conditions
NOI Build-Up for 2,366 SF
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.
Gross rent
$90.9K $38.40/SF
− Vacancy
−$26.2K −$11.07/SF
EGI
$64.7K $27.33/SF
− OpEx
−$16.2K −$6.83/SF
NOI
$48.5K $20.50/SF
Area
Napa County, CA
Vacancy
28.82%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$970,060
Cap Rate 7%
$692,900
Cap Rate 9%
$538,922
Alternative Uses
Best Use
Office B
$692.9K
$606.3K – $808.4K
NOI $48,503 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.77M
$4.18M – $5.57M
NOI $334,213 @ 7.0% cap · market cap 31.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,881
Businesses Nearby
Explore this area
Business Placement
Demographics for 94559, CA
28,137
Population
11,599
Households
2.4
Avg Household Size
40
Median Age
37%
College-Educated
84%
High-School Grad
41.4 sq mi
ZIP Area
680
Density / Sq Mi
$100,559
Median Household Income
$52,247
Median Earnings
$2,044
Median Rent
$877,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Flexible workspace includes private offices, meeting rooms, open areas, and direct exterior entry.
Where is this office units located?
The property is located at 1030 Seminary #C Napa, CA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 2,366‑square‑foot office condominium with a two‑level layout; Constructed in 2006 with three private offices, meeting rooms, and open work areas; Downtown Mixed Use zoning
