Freestanding Corner Storefront
New
For Sale
$1,695,000
3790 Sonoma Blvd, Vallejo, CA 94589
Freestanding commercial building with on-site parking and an existing church tenancy through October 1, 2027.
Property Size5,063 SF
Lot Size0.48 Acres
Price / SF$334.78
Days on Market4
Property Features for 3790 Sonoma Blvd
General Information
Standard status
Active
Size
5,063 SF
Lot size
0.48 Acres
Property subtype
Commercial
Additional Details
Gross Income
$75,263
Corner Location
Yes
Building Details
Year Built
1979
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
(408) 561-0468
Listed By:
Annie Youn
(408) 561-0468
Source:
Elliman
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 22 at 10:27AM
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 Annie Youn
Investment Insights
Based on property information with market context.
This freestanding storefront property contains approximately 5,063 square feet on approximately 0.48 acres. Built in 1979, the building occupies a corner position along Sonoma Boulevard and includes on-site parking. The property is currently leased to a church through October 1, 2027; it originally operated as a Sizzler restaurant.
The front windows are covered or boarded and may be restored to a larger glass storefront configuration, subject to applicable approvals. The site is surrounded by retailers, restaurants, and other established commercial uses, with access toward American Canyon, Napa, and the greater North Bay. WalkScore, BikeScore, and TransitScore are 57, 44, and 32, respectively.
The front windows are covered or boarded and may be restored to a larger glass storefront configuration, subject to applicable approvals. The site is surrounded by retailers, restaurants, and other established commercial uses, with access toward American Canyon, Napa, and the greater North Bay. WalkScore, BikeScore, and TransitScore are 57, 44, and 32, respectively.
Key Highlights
- Approximately 5,063 SF commercial building on approximately 0.48 acres
- Corner location along Sonoma Boulevard in Vallejo
- Currently leased to a church through October 1, 2027
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
$117,253
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
6.92%
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%
$2,345,060
$2.3M
Cap Rate 7%
$1,675,043
$1.7M
Cap Rate 9%
$1,302,811
$1.3M
Market Conditions
NOI Build-Up for 5,063 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
$182.3K $36.00/SF
− Vacancy
−$14.8K −$2.92/SF
EGI
$167.5K $33.08/SF
− OpEx
−$50.3K −$9.93/SF
NOI
$117.3K $23.16/SF
Area
Vallejo, CA
Vacancy
8.10%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,345,060
Cap Rate 7%
$1,675,043
Cap Rate 9%
$1,302,811
Alternative Uses
Best Use
Retail
$1.68M
$1.47M – $1.95M
NOI $117,253 @ 7.0% cap · market cap 6.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.46M
$2.16M – $2.87M
NOI $172,486 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,630
Businesses Nearby
325k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 38%
Dining 28%
Shops & Services 28%
Apparel 4%
Seafood City
Groceries
51,104 visits/mo
0.3 miles
Walmart Neighborhood Market
Groceries
47,857 visits/mo
0.1 miles
Smart & Final
Groceries
23,427 visits/mo
0.2 miles
McDonald's
Dining
23,292 visits/mo
0.5 miles
dd's DISCOUNTS
Shops & Services
21,080 visits/mo
0.4 miles
Demographics for 94589, CA
32,290
Population
9,826
Households
3.3
Avg Household Size
39
Median Age
23%
College-Educated
83%
High-School Grad
5.7 sq mi
ZIP Area
5,665
Density / Sq Mi
$91,313
Median Household Income
$45,106
Median Earnings
$2,127
Median Rent
$478,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding commercial building with on-site parking and an existing church tenancy through October 1, 2027.
Where is this storefront property located?
The property is located at 3790 Sonoma Blvd Vallejo, CA.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Approximately 5,063 SF commercial building on approximately 0.48 acres; Corner location along Sonoma Boulevard in Vallejo; Currently leased to a church through October 1, 2027
