Fairfield Automotive Property For
For Sale
Contact for pricing
Pending
1950 Walters Ct, Fairfield, CA 94533
21,013 SF automotive property in an affluent area.
Property Size21,013 SF
Days on Market208
Property Features for 1950 Walters Ct
General Information
Standard status
Pending
Size
21,013 SF
Class
B
Property subtype
Industrial, Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Building Details
Year Built
2002
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Alex DeSoto · License #SA705467000
Source:
Crexi
Added: Jan 29
Changed: Aug 8
Last Checked: Jul 24 at 4:25PM
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 Matthews
Investment Insights
Based on property information with market context.
This commercial real estate offering features an automotive property with 21,013 square feet of space. The property is located in Fairfield, California, within an affluent trade area. It is suitable for auto shops, other automotive properties, retail spaces, industrial properties, and other industrial uses. The property is currently occupied by Crash Champions.
Key Highlights
- 21,013 SF Building
- Located in an affluent trade area
- Property is a Crash Champions location
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
$358,128
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
8.51%
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%
$7,162,560
$7.2M
Cap Rate 7%
$5,116,114
$5.1M
Cap Rate 9%
$3,979,200
$4.0M
Market Conditions
NOI Build-Up for 21,013 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
$547.2K $26.04/SF
− Vacancy
−$35.6K −$1.69/SF
EGI
$511.6K $24.35/SF
− OpEx
−$153.5K −$7.30/SF
NOI
$358.1K $17.04/SF
Area
Fairfield, CA
Vacancy
6.50%
Lease Rate
$26.04 /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%
$7,162,560
Cap Rate 7%
$5,116,114
Cap Rate 9%
$3,979,200
Alternative Uses
Best Use
Retail
$5.12M
$4.48M – $5.97M
NOI $358,128 @ 7.0% cap · market cap 8.51%
Second Best
Industrial
$3.43M
$3.00M – $4.00M
NOI $240,116 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$8.55M
$7.48M – $9.98M
NOI $598,770 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
8k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 91%
Shops & Services 9%
Burger King
Dining
7,044 visits/mo
0.3 miles
StorageMart
Shops & Services
728 visits/mo
0.2 miles
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 Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- German Car Service and Repairs — 1881 Walters Ct Suite B, Fairfield, CA 94533
- Smith Auto Services — 1881 Walters Ct # C, Fairfield, CA 94533
- Underground Performance Auto Shop — 1881 Walters Ct Suite F, Fairfield, CA 94533
- Fairfield Mobile Mechanics — 1860 Walters Ct, Fairfield, CA 94533
- Crash Champions Collision Repair Cole Road — 1950 Walters Ct, Fairfield, CA 94533
Frequently Asked Questions
What type of property is this?
Auto shop - 21,013 SF automotive property in an affluent area.
Where is this auto shop located?
The property is located at 1950 Walters Ct Fairfield, CA.
What is the asking price?
The asking price for this property is $4,206,000.
What are key features of this property?
This property features: 21,013 SF Building; Located in an affluent trade area; Property is a Crash Champions location
