1778 2nd St, Napa, CA 94559

Building Details

Year Built 1885 More

Buildings 1 More

Stories 2 More

Building Size 3,390 SF More

Tenancy Multi More

Owner Occupied Yes More

Listing Agency: San Rafael Show Phone

Listed By: Laura Duffy · License CA #01922792 Show Phone

Source: Property.jll

Added: Nov 8 Changed: Nov 9 Last Checked: Nov 10 at 5:21AM

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Investment Insights

Based on property information with market context.

This 3,390-square-foot Victorian office building dates to 1885 and received extensive renovations within the last 10 years. Its two-floor layout includes 11 private offices, a conference room, two kitchens, IT, printer and storage rooms, and ADA-compliant restrooms. An elevator and multiple entrances serve the building, with separate rear access to the ground-floor space.

At Second and Jefferson Streets in downtown Napa, the property occupies a corner site near restaurants, shops, and services. Two ground-floor tenants currently hold month-to-month agreements; Golden State Lumber Company is to vacate at closing.

Key Highlights

• 3,390 SF office building constructed in 1885
• Extensive renovations completed within the last 10 years
• Two floors with 11 private offices and a conference room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$69,494

Cap Rate

3.39%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,389,880 $1.4M

Cap Rate 7%

$992,771 $992.8K

Cap Rate 9%

$772,156 $772.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,390 SF

Gross rent

$130.2K $38.40/SF

− Vacancy

−$37.5K −$11.07/SF

EGI

$92.7K $27.33/SF

− OpEx

−$23.2K −$6.83/SF

NOI

$69.5K $20.50/SF

Area

Napa County, CA

Vacancy

28.82%

Lease Rate

$38.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,389,880

Cap Rate 7%

$992,771

Cap Rate 9%

$772,156

Alternative Uses

Best Use

Office B

$992.8K

$868.7K – $1.16M (±1% cap)

NOI $69,494 @ 7.0% cap · market cap 3.39%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.66M

$1.46M – $1.94M (±1% cap)

NOI $116,519 @ 7.0% cap · market cap 5.68%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Veterinary Clinic (Bike/Boat/Book/etc) Store Butcher Fish Market Locksmith Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

2,789

Businesses Nearby

Explore this area Business Placement

Demographics for 94559, CA

28,137

Population

11,599

Households

2.4

Avg Household Size

40

Median Age

37%

College-Educated

84%

High-School Grad

41.4 sq mi

ZIP Area

680

Density / Sq Mi

$100,559

Median Household Income

$52,247

Median Earnings

$2,044

Median Rent

$877,100

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Elevator access, separate entrances, and office suites across two floors support flexible occupancy.

Where is this office building located?

The property is located at 1778 2nd St Napa, CA.

What is the asking price?

The asking price for this property is $2,050,000.

What are key features of this property?

This property features: 3,390 SF office building constructed in 1885; Extensive renovations completed within the last 10 years; Two floors with 11 private offices and a conference room