Spacious Fairfield Warehouse with New
For Sale
$6,800,000
1801 Woolner Ave, Fairfield, CA 94533
54,000 SF warehouse on 2.38 acres, divisible, for sale.
Property Size51,000 SF
Lot Size2.38 Acres
Price / SF$125.93
Days on Market177
Property Features for 1801 Woolner Ave
General Information
Standard status
Active
Size
51,000 SF
Lot size
2.38 Acres
Property subtype
Industrial
Building Details
Building Size
51,000 SF
Year Built
1973
Listing Agency:
Lee & Associates - Oakland
Listed By:
Jesse Lucas · License #CalDRE #01264756
(925) 352-6171
Source:
Lee-associates
Added: Mar 26
Changed: Sep 17
Last Checked: Sep 18 at 5:56AM
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 Lee & Associates - Oakland
Investment Insights
Based on property information with market context.
This expansive warehouse building, located in Fairfield, CA, offers a spacious 54,000 square feet area with a 48,000 square feet footprint situated on approximately 2.38 acres of land. The property features ten docks, one grade-level door, and 600 Amps of power. It also includes a 24-foot clear height, sprinklers, and a fenced yard. A new roof was installed in 2024. This versatile property is divisible, offering flexibility for various business sizes. It is available for lease or sale.
Key Highlights
- Expansive 54,000± SF warehouse space on 2.38± acres.
- Features ten (10) docks for efficient loading and unloading.
- New roof installed in 2024.
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
$617,059
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
9.07%
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%
$12,341,180
$12.3M
Cap Rate 7%
$8,815,129
$8.8M
Cap Rate 9%
$6,856,211
$6.9M
Market Conditions
NOI Build-Up for 54,000 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
$920.2K $17.04/SF
− Vacancy
−$38.6K −$0.72/SF
EGI
$881.5K $16.32/SF
− OpEx
−$264.5K −$4.90/SF
NOI
$617.1K $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%
$12,341,180
Cap Rate 7%
$8,815,129
Cap Rate 9%
$6,856,211
Alternative Uses
Best Use
Warehouse
$11.20M
$9.80M – $13.07M
NOI $784,207 @ 7.0% cap · market cap 11.53%
Second Best
Industrial
$8.82M
$7.71M – $10.28M
NOI $617,059 @ 7.0% cap · market cap 9.07%
Theoretical Best
Office A
$21.98M
$19.23M – $25.65M
NOI $1,538,741 @ 7.0% cap · market cap 22.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
903
Businesses Nearby
Well-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - 54,000 SF warehouse on 2.38 acres, divisible, for sale.
Where is this warehouse located?
The property is located at 1801 Woolner Ave Fairfield, CA.
What is the asking price?
The asking price for this property is $6,800,000.
What are key features of this property?
This property features: Expansive 54,000± SF warehouse space on 2.38± acres.; Features ten (10) docks for efficient loading and unloading.; New roof installed in 2024.
