Versatile Fairfield Flex
For Sale
$495,000
1735 Enterprise DR, Fairfield, CA 94533
Modern office condo in desirable Fairfield business park.
Property Size3,380 SF
Price / SF$146.45
Days on Market209
Property Features for 1735 Enterprise DR
General Information
Standard status
Active
Size
3,380 SF
Property subtype
Industrial
Amenities
3
Shared Driveway.
Industrial Area.
Building Details
Year Built
1990
Listing Agency:
KW Advisors East Bay
(510) 775-1079
Listed By:
Nathaniel Reinke
Source:
Xome
Added: Jan 27
Changed: Aug 23
Last Checked: Aug 24 at 4:14AM
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 KW Advisors East Bay
Investment Insights
Based on property information with market context.
This two-floor modern office condo features 2.5 bathrooms and both front and rear stairwells. The space is user-friendly and fully sprinklered on both floors. It includes an HVAC system with multiple zones, copper plumbing, and Romex wiring with three sub-panels. Access to the upstairs is available via both a front and rear stairwell. Currently, both the upstairs and downstairs are divided into multiple offices, storage rooms, and large conference rooms. Constructed with masonry, the interior walls can be removed (buyer to verify). Located in an established and highly desirable business park in Fairfield, CA, the unit offers approximately 3,380 square feet of versatile light industrial and flex space. Constructed in 1990, the property features durable concrete tilt-up construction. The functionality could be enhanced with the potential of one rear drive-in door. The current parking ratio is 4.00/1,000 SF, with 190 surface spaces for the complex. The bike score is 47, indicating it is somewhat bikeable. The walk score is 34, indicating it is car-dependent. The transit score is 36, indicating some transit options are available.
Key Highlights
- ±3,380 square feet of versatile light industrial and flex space.
- Located in an established and highly desirable business park in Fairfield, CA.
- Potential for one (1) rear drive‑in door.
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
$38,623
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
7.80%
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%
$772,460
$772.5K
Cap Rate 7%
$551,757
$551.8K
Cap Rate 9%
$429,144
$429.1K
Market Conditions
NOI Build-Up for 3,380 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
$57.6K $17.04/SF
− Vacancy
−$2.4K −$0.72/SF
EGI
$55.2K $16.32/SF
− OpEx
−$16.6K −$4.90/SF
NOI
$38.6K $11.43/SF
Area
Fairfield, CA
Vacancy
4.20%
Lease Rate
$17.04 /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%
$772,460
Cap Rate 7%
$551,757
Cap Rate 9%
$429,144
Alternative Uses
Best Use
Flex RnD
$768.2K
$672.2K – $896.3K
NOI $53,777 @ 7.0% cap · market cap 10.86%
Second Best
Industrial
$551.8K
$482.8K – $643.7K
NOI $38,623 @ 7.0% cap · market cap 7.80%
Theoretical Best
Office A
$1.38M
$1.20M – $1.61M
NOI $96,314 @ 7.0% cap · market cap 19.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
885
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 94533, CA
77,380
Population
25,539
Households
3
Avg Household Size
36
Median Age
20%
College-Educated
83%
High-School Grad
22.5 sq mi
ZIP Area
3,439
Density / Sq Mi
$85,990
Median Household Income
$41,466
Median Earnings
$1,980
Median Rent
$497,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Delivered by Grace — 1901 Enterprise Ct, Fairfield, CA 94533
- Fresh Fruit CA — 2121 Cadenasso Dr, Fairfield, CA 94533
- JoJos Munchies — 835 W Texas St, Fairfield, CA 94533
Frequently Asked Questions
What type of property is this?
Flex space - Modern office condo in desirable Fairfield business park.
Where is this flex space located?
The property is located at 1735 Enterprise DR Fairfield, CA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: ±3,380 square feet of versatile light industrial and flex space.; Located in an established and highly desirable business park in Fairfield, CA.; Potential for one (1) rear drive‑in door.
