Napa Industrial Condo with
For Sale
Contact for pricing
25 Enterprise Ct, Napa, CA
Industrial condo with winery permit in Los Carneros A.V.A.
Property Size18,000 SF
Lot Size0.43 Acres
Price / SF$310
Days on Market403
Property Features for 25 Enterprise Ct
General Information
Standard status
Active
Size
18,000 SF
Lot size
0.43 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Cushman & Wakefield | Larkspur
(415) 451-2436
Listed By:
Tyler Epting · License #01255462
(925) 548-3484
Source:
Moodyscre
Added: Jul 23, 2025
Changed: Aug 19
Last Checked: Aug 29 at 6:53AM
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 Cushman & Wakefield | Larkspur
Investment Insights
Based on property information with market context.
Located at 25 Enterprise Court in Napa, this is a high-quality industrial condo building. The property is currently occupied by a single tenant. It benefits from an existing winery permit, allowing for receiving, crushing, fermentation, storage, racking, and bottling of wines. The property is located in Los Carneros American Viticultural Area (A.V.A.). The property size is 18000 square feet.
Key Highlights
- Existing winery permit for receiving, crush, fermentation, storage, racking, and bottling.
- Located in the renowned Los Carneros A.V.A.
- High quality industrial condo building.
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
$285,592
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
5.12%
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%
$5,711,840
$5.7M
Cap Rate 7%
$4,079,886
$4.1M
Cap Rate 9%
$3,173,244
$3.2M
Market Conditions
NOI Build-Up for 18,000 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
$386.6K $21.48/SF
− Vacancy
−$50.6K −$2.81/SF
EGI
$336.0K $18.67/SF
− OpEx
−$50.4K −$2.80/SF
NOI
$285.6K $15.87/SF
Area
Napa County, CA
Vacancy
13.10%
Lease Rate
$21.48 /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%
$5,711,840
Cap Rate 7%
$4,079,886
Cap Rate 9%
$3,173,244
Alternative Uses
Best Use
Warehouse
$4.08M
$3.57M – $4.76M
NOI $285,592 @ 7.0% cap · market cap 5.12%
Second Best
Industrial
$3.36M
$2.94M – $3.92M
NOI $235,193 @ 7.0% cap · market cap 4.21%
Theoretical Best
Specialty Retail
$36.32M
$31.78M – $42.38M
NOI $2,542,621 @ 7.0% cap · market cap 45.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
- Coastal Storage Facility — 831 Latour Ct, Napa, CA 94558
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial condo with winery permit in Los Carneros A.V.A.
Where is this warehouse located?
The property is located at 25 Enterprise Ct Napa, CA.
What is the asking price?
The asking price for this property is $5,580,000.
What are key features of this property?
This property features: Existing winery permit for receiving, crush, fermentation, storage, racking, and bottling.; Located in the renowned Los Carneros A.V.A.; High quality industrial condo building.
