Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1209 Tennessee St Vallejo, CA 94590

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Adaptable office or residential space in a central location.

    Property size:
    1,678 SF
    Lot size:
    0.11 Acres

    Property Features for 1209 Tennessee St

    General Information

    Standard status
    Active
    Size
    1,678 SF
    Lot size
    0.11 Acres

    Building Details

    Year built
    1932

    We can help!

    Listing Contact
    Michael R Olsen
    Source: Corcoran

    Listing Agency: UTOPIA REAL ESTATE Listing Agent: Michael R Olsen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Versatile Office/Residential Space For Sale

    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.
    Location Intelligence

    Current Use by Public Records

    Utopia Property Management ... Property Management Company

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Vallejo
    County
    Solano
    State
    California
    Longitude
    -122.2424431
    Latitude
    38.1095767

    Nearby Similar for Sale

    • $990,000
      2,378 SF

      Versatile Commercial Property in Vallejo

      Adaptable commercial space suitable for office, events, or religious purposes.
      707 Tuolumne St, Vallejo, CA 94590
      View Details
    • $850,000
      5,250 SF

      Multi-Tenant Retail Building in Vallejo

      Fully occupied retail building in Downtown Vallejo's Arts & Entertainment District.
      700 Marin St, Vallejo, CA 94590
      View Details
    • $925,000
      10,608 SF

      Vallejo Light Industrial Property

      Light industrial property with yard, multiple bays, and long-term tenant.
      21 Cypress Ave, Vallejo, CA 94590
      View Details
    • $385,000
      1,291 SF

      Vallejo Mixed-Use Property For Sale

      Mix-Use property on Broadway St, suited for residential/commercial use.
      1966 Broadway St, Vallejo, CA 94589
      View Details
    • New
      $1,400,000
      5,584 SF

      Vallejo Special-Use Property on 1.9 Acres

      Special-use property with development potential for various organizations.
      201 Doyle Dr, Vallejo, CA 94591
      View Details
    • $809,000
      2,716 SF

      Vallejo Triplex Investment Opportunity

      Triplex in Vallejo with immediate rental income and additional unit.
      2008 Marin St, Vallejo, CA 94590
      View Details
    • $998,000
      4,110 SF

      539-543 Georgia St

      5 Unit Mixed-Use Property in Vallejo
      539-543 Georgia St, Vallejo, CA 94590
      View Details
    • $850,000
      5,250 SF

      Multi-Tenant Retail Building Investment

      Fully occupied retail building in Vallejo's Arts & Entertainment District.
      700 Marin St, Vallejo, CA 94590
      View Details
    • $650,000
      2,241 SF

      High-Traffic Location Office Building

      Well-positioned office building with high visibility and ample parking.
      2100 Tennessee St, Vallejo, CA 94590
      View Details
    • $404,500
      6,090 SF

      Downtown Vallejo Event Space Building

      Single-story building in downtown Vallejo, currently leased as event space.
      331 Georgia St, Vallejo, CA 94590
      View Details
    • $635,500
      5,080 SF

      Vallejo Commercial Retail and Office

      Three-unit commercial building in high-traffic Vallejo location.
      1212 Georgia St, Vallejo, CA 94590
      View Details
    • $1,200,000
      7,012 SF

      Vallejo Retail Investment Opportunity

      Retail property in Vallejo with strong value-add potential.
      630 Tennessee St, Vallejo, CA 94590
      View Details

    FAQs

    What type of property is this?
    Office units - Adaptable office or residential space in a central location.
    Where is this office units located?
    The property is located at 1209 Tennessee St Vallejo, CA.
    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
    5321111
    Request Owner's contact information
    1209 Tennessee St Vallejo, CA 94590
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1209 Tennessee St
    Vallejo, CA 94590
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1209 Tennessee St Vallejo, CA 94590
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Michael R Olsen
    5321111
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!