Fairfield Multifamily Property For
For Sale
$1,525,000
1217 Dana Drive, Fairfield, CA 94533
Eight-unit multifamily property in Fairfield, CA, near San Francisco.
Property Size6,536 SF
Lot Size14,941.00 Acres
Days on Market159
Property Features for 1217 Dana Drive
General Information
Standard status
Active
Size
6,536 SF
Total Parking Spaces
14
Lot size
14,941.00 Acres
Property subtype
Multifamily
Building Details
Building Size
6,536 SF
Year Built
1987
Units
8
Listing Agency:
(415) 310-5787
Listed By:
Dan McGue
(415) 310-5787
Source:
Cbcworldwide
Added: Mar 5
Changed: Aug 8
Last Checked: Aug 8 at 6:05AM
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 Dan McGue
Investment Insights
Based on property information with market context.
The property at 1217 Dana Dr. in Fairfield, CA, approximately one hour northeast of San Francisco, is an eight-unit multifamily property. It comprises two buildings situated on a gated, L-shaped lot with landscaped grounds. All eight units feature two bedrooms and one bathroom. Each apartment includes two bedrooms with closet space, eat-in kitchens, and a large living room, complemented by either a deck or a fenced patio. An on-site laundry facility is available, equipped with two coin-operated washers and two dryers, totaling four machines. Parking is provided by fourteen spaces, including one carport space per unit, with additional off-street parking for guests. Each unit is separately metered for gas and electricity and has individual water heaters, with tenants responsible for their heat. The owner covers expenses for trash, water, and sewer services. The property is situated on 14,941 acres.
Key Highlights
- Eight‑unit multifamily property in Fairfield, CA, near San Francisco.
- Gated L‑shaped lot with well‑maintained grounds.
- All units are spacious 2‑bedroom/1‑bathroom apartments with eat‑in kitchens, large living rooms, and private outdoor spaces (deck or patio).
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
$104,831
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
6.87%
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%
$2,096,620
$2.1M
Cap Rate 7%
$1,497,586
$1.5M
Cap Rate 9%
$1,164,789
$1.2M
Market Conditions
NOI Build-Up for 6,536 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
$200.0K $30.60/SF
− Vacancy
−$9.4K −$1.44/SF
EGI
$190.6K $29.16/SF
− OpEx
−$85.8K −$13.12/SF
NOI
$104.8K $16.04/SF
Area
Fairfield, CA
Vacancy
4.70%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
45.00%
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%
$2,096,620
Cap Rate 7%
$1,497,586
Cap Rate 9%
$1,164,789
Alternative Uses
Best Use
Apartment 5plus
$1.50M
$1.31M – $1.75M
NOI $104,831 @ 7.0% cap · market cap 6.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.66M
$2.33M – $3.10M
NOI $186,245 @ 7.0% cap · market cap 12.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,412
Businesses Nearby
Explore this area
Business Placement
Demographics for 94533, CA
77,380
Population
25,539
Households
3
Avg Household Size
36
Median Age
20%
College-Educated
83%
High-School Grad
22.5 sq mi
ZIP Area
3,439
Density / Sq Mi
$85,990
Median Household Income
$41,466
Median Earnings
$1,980
Median Rent
$497,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight-unit multifamily property in Fairfield, CA, near San Francisco.
Where is this apartment building located?
The property is located at 1217 Dana Drive Fairfield, CA.
What is the asking price?
The asking price for this property is $1,525,000.
What are key features of this property?
This property features: Eight‑unit multifamily property in Fairfield, CA, near San Francisco.; Gated L‑shaped lot with well‑maintained grounds.; All units are spacious 2‑bedroom/1‑bathroom apartments with eat‑in kitchens, large living rooms, and private outdoor spaces (deck or patio).
