Industrial Condominium with
For Sale
$2,325,000
2210 Cordelia Rd, Fairfield, CA 94534
Class A industrial condo with dock-high loading, a grade-level door, and a glass-lined office with 19-foot clear height.
Property Size11,238 SF
Price / SF$206.89
Days on Market108
Property Features for 2210 Cordelia Rd
General Information
Standard status
Active
Size
11,238 SF
Class
A
Total Parking Spaces
17
Property subtype
Vacant-User
Warehouse & Industrial
Clear Height
19 ft
Dock-High Doors
2
Drive-In Doors
1
Heavy Power
Yes
Sprinkler System
Yes
Amenities
NEWER 11,238-SF CLASS-A INDUSTRIAL CONDOMINIUM IDEAL FOR OWNER-USER
DEMISABLE INTO TWO UNITS FOR ADDITIONAL INCOME POTENTIAL
HIGH-IMAGE, GLASS-LINED OFFICE BUILDOUT WITH FRONTAGE ON CORDELIA ROAD
19 FOOT CLEAR HEIGHTS, FULLY-INSULATED
800 AMP, 3-PHASE POWER
TWO DOCK-HIGH POSITIONS AND ONE 12x14 GRADE-LEVEL DOOR
MODERN CONCRETE TILT-UP CONSTRUCTION (2006) AT THE ENTRANCE OF THE SOLANO COMMERCE CENTER
Building Details
Building Size
11,238 SF
Year Built
2006
Construction
concrete tilt-up
Listing Agency:
Marcus & Millichap - Sacramento
(916) 724-1331
Listed By:
James Beeghly · License #License(s): CA: 02216588
(916) 724-1331
Source:
Marcusmillichap
Added: May 8
Changed: Aug 23
Last Checked: Aug 23 at 2:24AM
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 Marcus & Millichap - Sacramento
Investment Insights
Based on property information with market context.
2210 Cordelia Road is a Class A industrial condominium offering warehouse space with two dock-high loading positions, a large grade-level door, and 19-foot clear heights. The building is constructed with concrete tilt-up and includes a fire sprinkler system. Power is supported by an 800-amp, 3-phase service.
An exceptionally well-built, glass-lined office provides a client-facing presence integrated with the industrial building. The property also includes 17 dedicated parking spaces.
Located within the Solano Commerce Center in Fairfield, California, the condo was previously occupied by two tenants, creating a configuration that can support an owner-user seeking space for operations while generating supplemental rental income, or an investor looking to maximize cash flow.
An exceptionally well-built, glass-lined office provides a client-facing presence integrated with the industrial building. The property also includes 17 dedicated parking spaces.
Located within the Solano Commerce Center in Fairfield, California, the condo was previously occupied by two tenants, creating a configuration that can support an owner-user seeking space for operations while generating supplemental rental income, or an investor looking to maximize cash flow.
Key Highlights
- Class A industrial condominium built in 2006 in Solano Commerce Center (Fairfield, CA)
- Warehouse features 19‑foot clear height plus 2 dock‑high loading positions and a large grade‑level door
- 800‑amp, 3‑phase power and concrete tilt‑up construction with a fire sprinkler system
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
$178,802
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
7.69%
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%
$3,576,040
$3.6M
Cap Rate 7%
$2,554,314
$2.6M
Cap Rate 9%
$1,986,689
$2.0M
Market Conditions
NOI Build-Up for 11,238 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
$292.6K $26.04/SF
− Vacancy
−$17.6K −$1.56/SF
EGI
$275.1K $24.48/SF
− OpEx
−$96.3K −$8.57/SF
NOI
$178.8K $15.91/SF
Area
Fairfield, CA
Vacancy
6.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
35.00%
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%
$3,576,040
Cap Rate 7%
$2,554,314
Cap Rate 9%
$1,986,689
Alternative Uses
Best Use
Office B
$3.21M
$2.81M – $3.74M
NOI $224,454 @ 7.0% cap · market cap 9.65%
Second Best
Flex RnD
$2.55M
$2.24M – $2.98M
NOI $178,802 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$4.57M
$4.00M – $5.34M
NOI $320,229 @ 7.0% cap · market cap 13.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
19 ft
Clear height
2
Dock-high doors
1
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94534, CA
42,296
Population
14,249
Households
3
Avg Household Size
41
Median Age
40%
College-Educated
94%
High-School Grad
77.5 sq mi
ZIP Area
546
Density / Sq Mi
$139,349
Median Household Income
$64,052
Median Earnings
$2,699
Median Rent
$700,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Class A industrial condo with dock-high loading, a grade-level door, and a glass-lined office with 19-foot clear height.
Where is this flex space located?
The property is located at 2210 Cordelia Rd Fairfield, CA.
What is the asking price?
The asking price for this property is $2,325,000.
What are key features of this property?
This property features: Class A industrial condominium built in 2006 in Solano Commerce Center (Fairfield, CA); Warehouse features 19‑foot clear height plus 2 dock‑high loading positions and a large grade‑level door; 800‑amp, 3‑phase power and concrete tilt‑up construction with a fire sprinkler system
