Historic Benicia Commercial
106 W J St, Benicia, CA 94510
Call to check price and availability
Versatile mixed-use building in downtown Benicia with established tenants.
Type:Mixed Use
Property size:
8,820 SFPrice / SF:
$192/SF- Added:
- Jul 16, 2024
- Days on Market:
- 671
- Last Refresh:
- Mar 16 at 1:03 pm
Property Features for 106 W J St
General Information
- Standard status
- Active
- Size
- 8,820 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1895
Listing agent Helen Yong License #01772827
Listing office eXp Commercial of California Inc. (650) 271-2308
Listing date Jul 16, 2024
Source Crexi
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 eXp Commercial of California Inc.
HighLights
- Prime downtown location at the corner of 1st & W J Streets with established long‑term tenants.
- Unique, semi‑remodeled second story space blending historic charm with modern updates, including a new industrial‑style kitchen, climate‑controlled office, and ADA‑compliant bathrooms.
- Large, versatile Main Hall (approx. 50ft x 50ft) with 18ft ceilings, wood floors, and large windows, suitable for various uses.
- Potential for owner‑occupiers or investors with opportunities for live/work space or exclusive event venue.
- Upgraded with new energy‑efficient and sound‑mitigating windows.
- Currently utilized as a fully equipped digital media studio, demonstrating its adaptability.
Overview
Located in the heart of downtown Benicia, this historic commercial building at the corner of 1st and W J Streets presents a rare opportunity for both owner-occupiers and investors. The property features three separate retail/office storefronts on 1st Street, currently occupied by long-term tenants at 929, 931, and 935 1st St. The second story, with a separate entrance at 106 W J Street, was formerly a Masonic Lodge. A refinished wide staircase leads to a semi-remodeled space that combines historic charm with modern updates. The upper level includes a new industrial-style kitchen with a large stainless sink and an 8-foot prep island, suitable for cooking classes or catering services. It also features a climate-controlled, sound-mitigated, and insulated office, two remodeled ADA-compliant bathrooms (one with a full shower), and new energy-efficient and sound-mitigating windows. The main hall offers an approximately 50-foot by 50-foot open space with wood floors, large 9-foot windows, and an 18-foot ceiling, ideal for live events, meetings, presentations, assembly, dance or yoga studio, or arts and crafts studio or gallery. The upstairs space is currently used as a fully equipped digital media studio and has hosted successful private events. The 8,820 square foot property offers potential for a live-work space or an exclusive event venue.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.64M
NOI $147,567 @ 9.00% cap · cautious / downside scenario
Moderate
$2.11M
NOI $147,567 @ 7.00% cap · market / base-case scenario
Aggressive
$2.95M
NOI $147,567 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $232.8k | $26.40 |
| − Vacancy | −$36.1k | −$4.09 |
| EGI | $196.8k | $22.31 |
| − OpEx | −$49.2k | −$5.58 |
| NOI | $147.6k | $16.73 |
8,820 SF · lease $26.40/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$2.11M
$1.84M – $2.46M
NOI $147,567 @ 7.0% cap · market cap 8.68%
Second Best
Retail
$1.56M
$1.37M – $1.82M
NOI $109,295 @ 7.0% cap · market cap 6.43%
Theoretical Best
Office A
$2.94M
$2.58M – $3.43M
NOI $206,024 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Strange Media
Film Production
Location Insight
- Map
- Local Demand
- City
- Benicia
- County
- Solano
- State
- California
- Longitude
- -122.1571479
- Latitude
- 38.0522116
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Versatile mixed-use building in downtown Benicia with established tenants.
Where is this mixed-use property located?
The property is located at 106 W J St Benicia, CA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Prime downtown location at the corner of 1st & W J Streets with established long‑term tenants.; Unique, semi‑remodeled second story space blending historic charm with modern updates, including a **new industrial‑style kitchen, climate‑controlled office, and ADA‑compliant bathrooms.**; **Large, versatile Main Hall (approx. 50ft x 50ft) with 18ft ceilings, wood floors, and large windows**, suitable for various uses.
