Vallejo Commercial Building For
For Sale
$624,925
2224 Sonoma Boulevard, Vallejo, CA 94590
Commercial building suitable for auto shops, retail, and restaurants.
Property Size1,500 SF
Price / SF$416.62
Days on Market464
Property Features for 2224 Sonoma Boulevard
General Information
Standard status
Active
Size
1,500 SF
Building Details
Year Built
1961
Listing Agency:
BAY AREA REAL ESTATE SERVICES
(415) 683-3281
Listed By:
ALEX MALTEZ
Source:
Corcoran
Added: May 20, 2025
Changed: Mar 16
Last Checked: Aug 25 at 8:20AM
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 BAY AREA REAL ESTATE SERVICES
Investment Insights
Based on property information with market context.
The property is a commercial building currently used by a body shop. A taco truck occupies the other half of the lot. The building's size is 1500 square feet. It is located in Vallejo, CA.
Key Highlights
- Building is currently in use.
- Property is used by a body shop.
- Property is used by a taco truck.
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
$39,208
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
6.27%
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%
$784,160
$784.2K
Cap Rate 7%
$560,114
$560.1K
Cap Rate 9%
$435,644
$435.6K
Market Conditions
NOI Build-Up for 1,500 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
$56.7K $37.80/SF
− Vacancy
−$4.4K −$2.95/SF
EGI
$52.3K $34.85/SF
− OpEx
−$13.1K −$8.71/SF
NOI
$39.2K $26.14/SF
Area
Vallejo, CA
Vacancy
7.80%
Lease Rate
$37.80 /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%
$784,160
Cap Rate 7%
$560,114
Cap Rate 9%
$435,644
Alternative Uses
Best Use
Specialty Retail
$560.1K
$490.1K – $653.5K
NOI $39,208 @ 7.0% cap · market cap 6.27%
Second Best
Retail
$496.3K
$434.2K – $579.0K
NOI $34,738 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$730.0K
$638.8K – $851.7K
NOI $51,102 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,838
Businesses Nearby
23k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 47%
Jack in the Box
Dining
10,485 visits/mo
0.4 miles
Chase Bank
Shops & Services
7,376 visits/mo
0.4 miles
Marathon
Shops & Services
3,488 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
1,184 visits/mo
0.5 miles
Demographics for 94590, CA
39,981
Population
16,500
Households
2.4
Avg Household Size
38
Median Age
26%
College-Educated
87%
High-School Grad
6.6 sq mi
ZIP Area
6,058
Density / Sq Mi
$66,957
Median Household Income
$43,383
Median Earnings
$1,768
Median Rent
$510,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- George Beavis Machine Shop — 405 Sutter St, Vallejo, CA 94590
- Norcal Tire and Auto Services — 7 Alameda St, Vallejo, CA 94590
- Manuel Auto Body & Custom Collision — 11 Cypress Ave, Vallejo, CA 94590
- Ride-On-Motorcycles — 1416 Sonoma Blvd, Vallejo, CA 94590
- LGM AutoSpa — 1412 sonoma blvd, vallejo, ca 94590
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial building suitable for auto shops, retail, and restaurants.
Where is this auto shop located?
The property is located at 2224 Sonoma Boulevard Vallejo, CA.
What is the asking price?
The asking price for this property is $624,925.
What are key features of this property?
This property features: Building is currently in use.; Property is used by a body shop.; Property is used by a taco truck.
