Owner-User Bar and
New
For Sale
$1,325,000
125 Couch St, Vallejo, CA 94590
Operating bar and lounge offered with the underlying commercial property and transferable Type 48 liquor license.
Property Size2,880 SF
Lot Size0.36 Acres
Price / SF$460.07
Days on Market2
Property Features for 125 Couch St
General Information
Standard status
Active
Size
2,880 SF
Lot size
0.36 Acres
Property subtype
Vacant-User
Zoning
Central Corridor Commercial
Additional Details
Business Included
Yes
Liquor License
Yes
Amenities
Real estate and operating business offered together — turn-key owner-user acquisition in one transaction.
Central Corridor Commercial zoning allows retail, office, restaurant, entertainment and multifamily uses, subject to city approval. Located in a designated Qualified Opportunity Zone.
Located in a designated Qualified Opportunity Zone
Building Details
Building Size
2,880 SF
Year Built
1983
Year Renovated
2023
Listed By:
Scotty Breslin · License #License(s): CA: 02200688
(650) 391-1737
Source:
Marcusmillichap
Added: Sep 22
Last Checked: Sep 22 at 1:34PM
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 Scotty Breslin
Investment Insights
Based on property information with market context.
Kat’s Lounge is an owner-operated bar and lounge offered with the underlying commercial real estate and operating business. The commercial building contains approximately 2,880 square feet on about 0.36 acres, was built in 1983, and underwent renovation in 2023. The transaction includes a transferable Type 48 liquor license, allowing the real estate and business operation to be acquired together.
The property is located at 125 Couch Street in Vallejo, California, within the Central Corridor Commercial zoning district. Source information describes prominent visibility, ample parking, and access to Vallejo’s retail, entertainment, waterfront, and transit destinations. The site is positioned for an owner-user seeking an established bar and lounge operation with real estate ownership included in the offering.
The property is located at 125 Couch Street in Vallejo, California, within the Central Corridor Commercial zoning district. Source information describes prominent visibility, ample parking, and access to Vallejo’s retail, entertainment, waterfront, and transit destinations. The site is positioned for an owner-user seeking an established bar and lounge operation with real estate ownership included in the offering.
Key Highlights
- Established Kat’s Lounge bar and lounge operation
- Approximately 2,880 square feet on about 0.36 acres
- Transferable Type 48 liquor license included
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
$75,279
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
5.68%
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%
$1,505,580
$1.5M
Cap Rate 7%
$1,075,414
$1.1M
Cap Rate 9%
$836,433
$836.4K
Market Conditions
NOI Build-Up for 2,880 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
$108.9K $37.80/SF
− Vacancy
−$8.5K −$2.95/SF
EGI
$100.4K $34.85/SF
− OpEx
−$25.1K −$8.71/SF
NOI
$75.3K $26.14/SF
Area
Vallejo, CA
Vacancy
7.80%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
25.00%
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%
$1,505,580
Cap Rate 7%
$1,075,414
Cap Rate 9%
$836,433
Alternative Uses
Best Use
Specialty Retail
$1.08M
$941.0K – $1.25M
NOI $75,279 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,116 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,345
Businesses Nearby
145k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 44%
Apparel 8%
Electronics 4%
McDonald's
Dining
23,292 visits/mo
0.3 miles
dd's DISCOUNTS
Shops & Services
21,080 visits/mo
0.4 miles
Wendy's
Dining
14,322 visits/mo
0.4 miles
Bank of America
Shops & Services
11,524 visits/mo
0.4 miles
Jack in the Box
Dining
10,485 visits/mo
0.5 miles
Demographics for 94590, CA
39,981
Population
16,500
Households
2.4
Avg Household Size
38
Median Age
26%
College-Educated
87%
High-School Grad
6.6 sq mi
ZIP Area
6,058
Density / Sq Mi
$66,957
Median Household Income
$43,383
Median Earnings
$1,768
Median Rent
$510,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Operating bar and lounge offered with the underlying commercial property and transferable Type 48 liquor license.
Where is this bar & pub located?
The property is located at 125 Couch St Vallejo, CA.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Established Kat’s Lounge bar and lounge operation; Approximately 2,880 square feet on about 0.36 acres; Transferable Type 48 liquor license included
