Versatile Office/Residential Space For
1209 Tennessee, Vallejo, CA 94590
For Sale
$499,000
Adaptable office or residential space in a central location.
Property Size1,678 SF
Lot Size0.11 Acres
Price / SF$297.38
Days on Market726
Property Features for 1209 Tennessee
General Information
Standard status
Size
Lot size
Property subtype
Amenities
Central air
Central Cooling
Central Heating
Building Details
Year Built
Listing Agency:
UTOPIA REAL ESTATE
5321111
Listed By:
MICHAEL R OLSEN
(707) 696-7158
Source:
Corcoran
Added: Nov 12, 2024
Changed: Nov 6
Last Checked: Nov 6 at 9:00AM
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 UTOPIA REAL ESTATE
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,678 square foot property offers versatile space suitable for either office or residential use. Currently configured as an office, it can be converted back to a living space. The property includes a one-car garage and ample parking. Its location provides convenient access to various amenities. This property is suitable for investment or owner-occupancy.
Key Highlights
- Prime location in the heart of the city
- Flexible use: adaptable for office or residential purposes
- One‑car garage and ample parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,913
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$778,260
$778.3K
Cap Rate 7%
$555,900
$555.9K
Cap Rate 9%
$432,367
$432.4K
Market Conditions
NOI Build-Up for 1,678 SF
Gross rent
$63.4K $37.80/SF
− Vacancy
−$11.5K −$6.88/SF
EGI
$51.9K $30.92/SF
− OpEx
−$13.0K −$7.73/SF
NOI
$38.9K $23.19/SF
Area
Vallejo, CA
Vacancy
18.20%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$778,260
Cap Rate 7%
$555,900
Cap Rate 9%
$432,367
Alternative Uses
Best Use
Office B
$555.9K
$486.4K – $648.6K
NOI $38,913 @ 7.0% cap · market cap 7.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$816.7K
$714.6K – $952.8K
NOI $57,166 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,303
Businesses Nearby
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Business Placement
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
$510,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Solano County, CA
Properties on Market for Office Units in Solano County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Adaptable office or residential space in a central location.
Where is this office unit located?
The property is located at 1209 Tennessee Vallejo, CA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Prime location in the heart of the city; Flexible use: adaptable for office or residential purposes; One‑car garage and ample parking
