Medical/Dental Office with Water
For Sale
Contact for pricing
300-308 Military W, Benicia, CA
845 SF medical/dental office with water views for sale.
Property Size845 SF
Lot Size0.30 Acres
Price / SF$639.05
Days on Market1149
Property Features for 300-308 Military W
General Information
Standard status
Active
Size
845 SF
Lot size
0.30 Acres
Property subtype
OFFICE
Listing Agency:
TRI Commercial | Walnut Creek
(925) 296-3300
Listed By:
Matt Hatfield · License #01937755
(925) 383-2379
Source:
Moodyscre
Added: Sep 6, 2023
Changed: Oct 25
Last Checked: Oct 28 at 4:55AM
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 TRI Commercial | Walnut Creek
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Investment Insights
Based on property information with market context.
This 845 square foot condo unit, available January 1, 2023, is currently configured as a dental office, featuring three private offices and a large open area. The property includes extensive plumbing throughout, an X-ray room, and storage/lab space. It benefits from ample parking and a serene setting. The property has a 360-degree walk-around balcony and offers water views with a panoramic horizon view. The property consists of two legal units (APNs: 0087-612-010, 0087-612-020) out of a four-unit complex; the condos can be purchased separately.
Key Highlights
- Panoramic horizon water views
- Two legal units in a 4‑unit complex (can be purchased separately)
- Enjoy the 360° walk‑around balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,247
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,940
$304.9K
Cap Rate 7%
$217,814
$217.8K
Cap Rate 9%
$169,411
$169.4K
Market Conditions
NOI Build-Up for 845 SF
Gross rent
$28.4K $33.60/SF
− Vacancy
−$3.0K −$3.53/SF
EGI
$25.4K $30.07/SF
− OpEx
−$10.2K −$12.03/SF
NOI
$15.2K $18.04/SF
Area
Solano County, CA
Vacancy
10.50%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,940
Cap Rate 7%
$217,814
Cap Rate 9%
$169,411
Alternative Uses
Best Use
Healthcare Medical
$217.8K
$190.6K – $254.1K
NOI $15,247 @ 7.0% cap · market cap 2.82%
Second Best
Office B
$202.0K
$176.7K – $235.6K
NOI $14,138 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$282.0K
$246.7K – $329.0K
NOI $19,738 @ 7.0% cap · market cap 3.66%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
961
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Southampton Pet Hospital: Olm Dale DVM — 490 E L St, Benicia, CA 94510
- Riddle Shelby DVM, Southampton Pet Hospital — 490 E L St, Benicia, CA 94510
- Southampton Pet Hospital — 490 E L St, Benicia, CA 94510
- Compassionate Care Cat Hospice — 290 E L St Box 944, Benicia, CA 94510
- Animal Clinic of Benicia — 402 Military E, Benicia, CA 94510
Frequently Asked Questions
What type of property is this?
Medical Office Space - 845 SF medical/dental office with water views for sale.
Where is this medical office space located?
The property is located at 300-308 Military W Benicia, CA.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Panoramic horizon water views; Two legal units in a 4‑unit complex (can be purchased separately); Enjoy the 360° walk‑around balcony
