Leased Retail Storefront with
1823 Springs Road Vallejo, CA 94591
1823 Springs Road, Vallejo, CA, 94591
$359,000
For Sale
$359,000
Leased commercial storefront with dedicated gas and electric metering plus gated rear parking in a high-traffic corridor.
Property Size1,200 SF
Price / SF$299.17
Days on Market82
Property Features for 1823 Springs Road
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1950
Listing agency
Reena Real Estate Inc.
(415) 866-3440
Listed by
Reena Paleja · License #01133785
Source
Xome
Added: May 2 Updated: Jul 22 at 3:54AM Checked: Jul 22 at 3:54AM
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 Reena Real Estate Inc.
Investment Insights
Based on property information with market context.
This leased retail storefront spans approximately 1,200 square feet and is currently occupied by an established tenant, providing immediate income for an owner. The property includes dedicated gas and electric metering and gated rear parking.
Located on one of East Vallejo’s most traveled corridors, the center benefits from heavy daily traffic, with more than 16,900 vehicles passing per day. It is also described as minutes from Highway 80, with surrounding retail and residential demand.
For investors seeking additional scale, 1823 Springs Road is available for purchase together with the adjacent 1825 Springs Road, as a two-property portfolio listing.
Located on one of East Vallejo’s most traveled corridors, the center benefits from heavy daily traffic, with more than 16,900 vehicles passing per day. It is also described as minutes from Highway 80, with surrounding retail and residential demand.
For investors seeking additional scale, 1823 Springs Road is available for purchase together with the adjacent 1825 Springs Road, as a two-property portfolio listing.
Key Highlights
- 1,200 SF leased commercial storefront currently occupied by an established tenant
- Flat roof; Community Commercial (CC) zoning
- Dedicated gas and electric metering
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.2k | $36.00 |
| − Vacancy | −$3.5k | −$2.92 |
| EGI | $39.7k | $33.08 |
| − OpEx | −$11.9k | −$9.93 |
| NOI | $27.8k | $23.16 |
1,200 SF · lease $36.00/SF/yr · vacancy 8.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$397.0K
$347.4K – $463.2K
NOI $27,791 @ 7.0% cap · market cap 7.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$584.0K
$511.0K – $681.4K
NOI $40,882 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Storefront property - Leased commercial storefront with dedicated gas and electric metering plus gated rear parking in a high-traffic corridor.
Where is this storefront property located?
The property is located at 1823 Springs Road Vallejo, CA.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: 1,200 SF leased commercial storefront currently occupied by an established tenant; Flat roof; Community Commercial (CC) zoning; Dedicated gas and electric metering
