Napa Valley Industrial/Office/Showroom
For Sale
$6,200,000
1821 Monticello, Napa, CA 94558
High-quality industrial, office, and showroom building in Napa Valley.
Property Size11,500 SF
Lot Size1.16 Acres
Price / SF$539.13
Days on Market260
Property Features for 1821 Monticello
General Information
Standard status
Active
Size
11,500 SF
Lot size
1.16 Acres
Property subtype
Commercial
Building Details
Year Built
1979
Listing Agency:
W REAL ESTATE
2262661
Listed By:
MICHAEL HOLCOMB
Source:
Corcoran
Added: Nov 21, 2025
Changed: Aug 8
Last Checked: Aug 8 at 6:10AM
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 W REAL ESTATE
Investment Insights
Based on property information with market context.
Located at 1821 Monticello Road in the heart of Napa Valley, this property is a one-of-a-kind industrial, office, and showroom building. The property blends contemporary design with creative functionality, offering a versatile environment ideal for production, studio, or hospitality-oriented users. Set on a 1.16-acre parcel, the building features a steel-clad exterior with crisp architectural lines, dramatic vertical elements, and custom up lighting that accentuate its modern profile. Expansive glass roll-up doors and clerestory windows flood the interior with natural light, creating a seamless connection between indoor and outdoor spaces. The property includes approximately 1,000 square feet of second-story administrative office space, complete with a conference room, showroom, kitchenette, and three bathrooms. The balance of the building offers flexible, open floor areas suitable for production, warehousing, light manufacturing, or creative industrial uses. The 11,500 square foot site also includes plentiful parking and a paved, fenced yard, supporting both functionality and convenience.
Key Highlights
- Versatile industrial, office, and showroom building suitable for production, studio, or hospitality uses.
- Located in the heart of Napa Valley on a 1.16‑acre parcel.
- Strikingly reimagined property with a contemporary design and crisp architectural lines.
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
$235,748
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
3.80%
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%
$4,714,960
$4.7M
Cap Rate 7%
$3,367,829
$3.4M
Cap Rate 9%
$2,619,422
$2.6M
Market Conditions
NOI Build-Up for 11,500 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
$441.6K $38.40/SF
− Vacancy
−$127.3K −$11.07/SF
EGI
$314.3K $27.33/SF
− OpEx
−$78.6K −$6.83/SF
NOI
$235.7K $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 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%
$4,714,960
Cap Rate 7%
$3,367,829
Cap Rate 9%
$2,619,422
Alternative Uses
Best Use
Office B
$3.37M
$2.95M – $3.93M
NOI $235,748 @ 7.0% cap · market cap 3.80%
Second Best
Retail
$2.34M
$2.04M – $2.73M
NOI $163,520 @ 7.0% cap · market cap 2.64%
Theoretical Best
Specialty Retail
$23.21M
$20.31M – $27.07M
NOI $1,624,452 @ 7.0% cap · market cap 26.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Explore this area
Business Placement
Demographics for 94558, CA
65,473
Population
27,402
Households
2.4
Avg Household Size
44
Median Age
38%
College-Educated
85%
High-School Grad
399.9 sq mi
ZIP Area
164
Density / Sq Mi
$109,444
Median Household Income
$51,955
Median Earnings
$2,248
Median Rent
$855,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - High-quality industrial, office, and showroom building in Napa Valley.
Where is this mixed-use property located?
The property is located at 1821 Monticello Napa, CA.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: Versatile industrial, office, and showroom building suitable for production, studio, or hospitality uses.; Located in the heart of Napa Valley on a 1.16‑acre parcel.; Strikingly reimagined property with a contemporary design and crisp architectural lines.
