Standalone Warehouse with Secured
For Sale
$2,450,000
1889 Walters Ct, Fairfield, CA 94533
Standalone warehouse with office space, multiple grade-level loading doors, and a fenced yard for operational use.
Property Size13,066 SF
Lot Size1.63 Acres
Price / SF$187.51
Days on Market117
Property Features for 1889 Walters Ct
General Information
Standard status
Active
Size
13,066 SF
Class
C
Lot size
1.63 Acres
Property subtype
industrial
Warehouse & Industrial
Clear Height
20 ft
Office Build-Out
1,584 SF
Drive-In Doors
6
Power
400 amps
Voltage
208 V
Additional Details
Asking Price
$2,450,000
Fenced Yard
Yes
Building Details
Buildings
1
Building Size
13,066 SF
Listing Agency:
Walnut Creek
(925) 389-0292
Listed By:
Christopher Burns · License #01880060
(925) 389-0292
Source:
Property.jll
Added: May 7
Changed: Aug 30
Last Checked: Aug 30 at 9:28PM
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 Walnut Creek
Investment Insights
Based on property information with market context.
This standalone warehouse in Fairfield includes approximately 13,066 square feet of building area, with approximately 1,584 square feet configured as office space. The facility offers six grade-level doors measuring 12 feet by 14 feet, clear heights ranging from 18 to 20 feet, and 400-amp, 120v/208 power, subject to buyer confirmation. Roofing consists of a hot mop system with a granulated cap sheet finish.
The building occupies a 1.63-acre parcel at 1889 Walters Ct and includes a fenced, secured yard. Approximately 35,000 square feet of excess land is also part of the property; this area was previously entitled and has utilities stubbed to the street. The combination of warehouse improvements, yard space, and additional land provides a substantial operating footprint for an owner-user.
The building occupies a 1.63-acre parcel at 1889 Walters Ct and includes a fenced, secured yard. Approximately 35,000 square feet of excess land is also part of the property; this area was previously entitled and has utilities stubbed to the street. The combination of warehouse improvements, yard space, and additional land provides a substantial operating footprint for an owner-user.
Key Highlights
- Approximately 13,066 SF standalone warehouse on a 1.63‑acre parcel
- Approximately 1,584 SF of office space within the building
- 6 grade‑level doors measuring 12’ x 14’
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
$189,749
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
7.74%
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%
$3,794,980
$3.8M
Cap Rate 7%
$2,710,700
$2.7M
Cap Rate 9%
$2,108,322
$2.1M
Market Conditions
NOI Build-Up for 13,066 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
$232.1K $17.76/SF
− Vacancy
−$8.8K −$0.67/SF
EGI
$223.2K $17.09/SF
− OpEx
−$33.5K −$2.56/SF
NOI
$189.7K $14.52/SF
Area
Fairfield, CA
Vacancy
3.80%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
15.00%
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%
$3,794,980
Cap Rate 7%
$2,710,700
Cap Rate 9%
$2,108,322
Alternative Uses
Best Use
Warehouse
$2.71M
$2.37M – $3.16M
NOI $189,749 @ 7.0% cap · market cap 7.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.32M
$4.65M – $6.21M
NOI $372,318 @ 7.0% cap · market cap 15.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
6
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
143
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
- Almond Tree Storage — 725 Railroad Ave, Fairfield, CA 94533
- Almond Acres RV & Storage — 4535 Olive Ave, Fairfield, CA 94533
- StorageMart — 2277 Walters Rd, Fairfield, CA 94533
- The Storage Guy's — 1910 Walters Ct, Fairfield, CA 94533
Frequently Asked Questions
What type of property is this?
Warehouse - Standalone warehouse with office space, multiple grade-level loading doors, and a fenced yard for operational use.
Where is this warehouse located?
The property is located at 1889 Walters Ct Fairfield, CA.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Approximately 13,066 SF standalone warehouse on a 1.63‑acre parcel; Approximately 1,584 SF of office space within the building; 6 grade‑level doors measuring 12’ x 14’
