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    1500 1st Street #120, Napa, CA 94559

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    For Lease
    $4 SF/Yr $920/Mo (calc)

    Commercial Lease, Other - Napa, CA

    Type:Retail
    Property size:
    2,244 SF
    Lot size:
    0.44 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 2:06 am

    Property Features for 1500 1st Street #120

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Parking features
    On Street, Open
    EntryLevel
    #120
    Standard status
    Active
    APN
    003198025000
    Lot size
    0.44 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1963
    Flooring type
    Concrete
    Architectural style
    Other

    We can help!

    Listing Contact
    Philippa Ward

    Listing agent Philippa Ward

    Listing office Engel & Völkers St. Helena 1111 Main St., St. Helena, CA

    Listing date Jun 4, 2026

    MLS# 326048137 Listing URL

    Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 2,244 SF Downtown Napa lease space originally conceived as a contemporary art gallery
    • Soaring ceilings with polished white concrete floors and museum‑quality track lighting throughout
    • Open floor plan with a monumental freestanding circular partition creating distinct, flexible zones
    • Floor‑to‑ceiling steel‑framed glass doors open to an outdoor seating area for expanded usable space
    • Custom built‑in curved reception bar plus pristine white walls for adaptable use
    • Adjacent private bathroom and storage area; central heating and central air; open on‑street parking

    Overview

    Available for lease at 1500 1st Street #120 in downtown Napa, this 2,244-square-foot space was originally conceived as a contemporary art gallery. The interior features soaring ceilings, polished white concrete floors, and museum-quality track lighting throughout. A monumental, freestanding circular partition divides the open plan into distinct yet flowing zones designed to support flexible presentations.

    Floor-to-ceiling steel-framed glass doors open to an outdoor seating area, extending the usable footprint and bringing in abundant natural light. A custom, built-in curved reception bar anchors the main room, while pristine white walls create a neutral setting that can adapt to a variety of concepts. The suite also includes an adjacent private bathroom and storage area.

    The layout and finishes make the space well-suited for users that value an elevated, presentation-focused environment, including retail, hospitality, creative offices, private events, or gallery-style uses. With move-in readiness and direct indoor-outdoor flow, it can support both structured exhibits and flexible setups for day-to-day operations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Franklin Florist & Flower Delivery Napa CA — 950 Franklin St, Napa, CA 94559
    • Camino — 1300 1st St Suite 332, Napa, CA 94559
    • Food City — Napa, CA 94559
    • Bellevue Floral Co. — 1300 1st St Suite 332, Napa, CA 94559
    • TESORO FLOWERS — 718 California Blvd, Napa, CA 94559

    Location Insight

    • Map
    • Local Demand
    City
    Napa
    County
    Napa
    State
    California
    Longitude
    -122.289919
    Latitude
    38.297351

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    FAQs

    What type of property is this?
    Storefront property - Move-in-ready venue with soaring ceilings, track lighting, and glass doors to an outdoor seating area.
    Where is this storefront property located?
    The property is located at 1500 1st Street #120 Napa, CA.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: 2,244 SF Downtown Napa lease space originally conceived as a contemporary art gallery; Soaring ceilings with polished white concrete floors and museum‑quality track lighting throughout; Open floor plan with a monumental freestanding circular partition creating distinct, flexible zones
    (707) 302-8133
    We can help!
    Listing Contact
    Philippa Ward
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    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.

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