Mixed-Use Property With
New
For Sale
$1,495,000
1358 Lincoln Ave, Calistoga, CA 94515
Two ground-floor commercial suites are paired with fully equipped residential apartments above.
Property Size3,600 SF
Days on Market2
Property Features for 1358 Lincoln Ave
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Commercial
Additional Details
Multifamily Units
2
Building Details
Building Size
3,600 SF
Stories
2
Tenancy
Multi
Listing Agency:
VINTAGE SOTHEBY'S INTERNATIONAL REALTY
Listed By:
Jeff Veness · License #01486001
(707) 227-2827
Source:
Elliman
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 2 at 5:26PM
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 VINTAGE SOTHEBY'S INTERNATIONAL REALTY
Investment Insights
Based on property information with market context.
This 3,600-square-foot mixed-use property combines commercial and residential components within a two-level configuration. The ground floor contains two separate commercial spaces, currently occupied by a nail salon and a boutique. Two fully equipped apartments are located on the upper level, creating a distinct combination of retail and residential occupancy.
The property is located at 1358 Lincoln in Calistoga, CA 94515. Both commercial occupants have expressed interest in continuing their leases, and one residential tenant has indicated interest in remaining. The existing layout provides two commercial suites and two apartments within a single asset.
The property is located at 1358 Lincoln in Calistoga, CA 94515. Both commercial occupants have expressed interest in continuing their leases, and one residential tenant has indicated interest in remaining. The existing layout provides two commercial suites and two apartments within a single asset.
Key Highlights
- 3,600‑square‑foot mixed‑use property at 1358 Lincoln, Calistoga, CA 94515
- Two ground‑floor commercial spaces currently occupied by a nail salon and boutique
- Two fully equipped residential apartments on the upper level
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
$57,437
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
3.84%
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%
$1,148,740
$1.1M
Cap Rate 7%
$820,529
$820.5K
Cap Rate 9%
$638,189
$638.2K
Market Conditions
NOI Build-Up for 3,600 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
$110.2K $30.60/SF
− Vacancy
−$5.7K −$1.59/SF
EGI
$104.4K $29.01/SF
− OpEx
−$47.0K −$13.05/SF
NOI
$57.4K $15.95/SF
Area
Napa County, CA
Vacancy
5.20%
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%
$1,148,740
Cap Rate 7%
$820,529
Cap Rate 9%
$638,189
Alternative Uses
Best Use
Apartment 5plus
$820.5K
$718.0K – $957.3K
NOI $57,437 @ 7.0% cap · market cap 3.84%
Second Best
Retail
$731.3K
$639.9K – $853.2K
NOI $51,189 @ 7.0% cap · market cap 3.42%
Theoretical Best
Specialty Retail
$7.26M
$6.36M – $8.48M
NOI $508,524 @ 7.0% cap · market cap 34.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
Explore this area
Business Placement
Demographics for 94515, CA
6,834
Population
3,214
Households
2.1
Avg Household Size
48
Median Age
36%
College-Educated
79%
High-School Grad
115.5 sq mi
ZIP Area
59
Density / Sq Mi
$97,202
Median Household Income
$50,189
Median Earnings
$1,830
Median Rent
$830,700
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?
Mixed-use property - Two ground-floor commercial suites are paired with fully equipped residential apartments above.
Where is this mixed-use property located?
The property is located at 1358 Lincoln Ave Calistoga, CA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 3,600‑square‑foot mixed‑use property at 1358 Lincoln, Calistoga, CA 94515; Two ground‑floor commercial spaces currently occupied by a nail salon and boutique; Two fully equipped residential apartments on the upper level
