Fairfield Industrial Building For
For Sale
Contact for pricing
2220 Cordelia Rd, Fairfield, CA 94534
Stand-alone industrial building with loading docks and ample parking.
Property Size18,430 SF
Lot Size1.43 Acres
Price / SF$199
Days on Market178
Property Features for 2220 Cordelia Rd
General Information
Standard status
Active
Size
18,430 SF
Lot size
1.43 Acres
Property subtype
Industrial
Lease Type
NNN
Building Details
Tenancy
Single
Listing Agency:
Lee & Associates - Pleasanton
Listed By:
Sean Offers · License #CA 01858116
Source:
Crexi
Added: Feb 13
Changed: Aug 8
Last Checked: Aug 9 at 10:31AM
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 Lee & Associates - Pleasanton
Investment Insights
Based on property information with market context.
This stand-alone industrial building offers between 9,215 and 18,430 square feet of space on approximately 1.43 acres. It features one 12’x14’ grade-level door and two 9’x10’ dock-high loading doors. The building has a clear height of 24 feet and is zoned IL - Limited Industrial. It has 600 Amps of power at 277/480 Volts, and a sprinkler density of .287 GPM/2,000. There are 40 dedicated parking stalls. The column spacing is 69’6” wide x 44’ 3” wide.
Key Highlights
- Stand‑alone building with ±9,215‑18,430 SF on ±1.43 AC
- 24’ Clear Height**
- 600 Amp, 277/480 Volt Power
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
$267,647
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
7.30%
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%
$5,352,940
$5.4M
Cap Rate 7%
$3,823,529
$3.8M
Cap Rate 9%
$2,973,856
$3.0M
Market Conditions
NOI Build-Up for 18,430 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
$327.3K $17.76/SF
− Vacancy
−$12.4K −$0.67/SF
EGI
$314.9K $17.09/SF
− OpEx
−$47.2K −$2.56/SF
NOI
$267.6K $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%
$5,352,940
Cap Rate 7%
$3,823,529
Cap Rate 9%
$2,973,856
Alternative Uses
Best Use
Warehouse
$3.82M
$3.35M – $4.46M
NOI $267,647 @ 7.0% cap · market cap 7.30%
Second Best
Industrial
$3.01M
$2.63M – $3.51M
NOI $210,600 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$7.50M
$6.56M – $8.75M
NOI $525,167 @ 7.0% cap · market cap 14.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
275
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Lee Display — 2220 Cordelia Rd, Fairfield, CA 94534
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Frequently Asked Questions
What type of property is this?
Warehouse - Stand-alone industrial building with loading docks and ample parking.
Where is this warehouse located?
The property is located at 2220 Cordelia Rd Fairfield, CA.
What is the asking price?
The asking price for this property is $3,667,570.
What are key features of this property?
This property features: Stand‑alone building with **±9,215‑18,430 SF on ±1.43 AC**; 24’ Clear Height**; 600 Amp, 277/480 Volt Power
