Downtown Commercial Land with
For Sale
$995,000
2440 N Texas Street, Fairfield, CA 94553
Downtown commercial land with a circular driveway, on-site parking, and an existing cell tower.
Property Size3,456 SF
Price / SF$287.91
Days on Market21
Property Features for 2440 N Texas Street
General Information
Standard status
Active
Size
3,456 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
1975
Listing Agency:
Mary McNeill, Broker
Listed By:
Mary McNeill · License #01886009
(925) 285-7397
Source:
Exitrealty
Added: Aug 19
Changed: Sep 8
Last Checked: Sep 8 at 4:44AM
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 Mary McNeill, Broker
Investment Insights
Based on property information with market context.
This 1-acre commercial land parcel is located in downtown Fairfield and includes a circular driveway, 20 parking spaces, and an existing cell tower at the rear of the property. The site is positioned in an area described as receiving both vehicle and pedestrian traffic, with visibility from Texas Street.
Key Highlights
- 1‑acre commercial land parcel in downtown Fairfield
- 20 parking spaces included
- Existing cell tower positioned at the rear of the property
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
$69,026
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
6.94%
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%
$1,380,520
$1.4M
Cap Rate 7%
$986,086
$986.1K
Cap Rate 9%
$766,956
$767.0K
Market Conditions
NOI Build-Up for 3,456 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
$121.1K $35.04/SF
− Vacancy
−$29.1K −$8.41/SF
EGI
$92.0K $26.63/SF
− OpEx
−$23.0K −$6.66/SF
NOI
$69.0K $19.97/SF
Area
Fairfield, CA
Vacancy
24.00%
Lease Rate
$35.04 /SF/Yr
Expense Ratio
25.00%
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%
$1,380,520
Cap Rate 7%
$986,086
Cap Rate 9%
$766,956
Alternative Uses
Best Use
Office B
$986.1K
$862.8K – $1.15M
NOI $69,026 @ 7.0% cap · market cap 6.94%
Second Best
Healthcare Medical
$849.5K
$743.3K – $991.0K
NOI $59,462 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,479 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
462
Businesses Nearby
Explore this area
Business Placement
Demographics for 94553, CA
49,756
Population
19,626
Households
2.5
Avg Household Size
42
Median Age
42%
College-Educated
94%
High-School Grad
61.6 sq mi
ZIP Area
808
Density / Sq Mi
$121,023
Median Household Income
$70,337
Median Earnings
$2,247
Median Rent
$781,400
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?
Commercial land - Downtown commercial land with a circular driveway, on-site parking, and an existing cell tower.
Where is this commercial land located?
The property is located at 2440 N Texas Street Fairfield, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 1‑acre commercial land parcel in downtown Fairfield; 20 parking spaces included; Existing cell tower positioned at the rear of the property
