Well-Maintained Leased Office
For Sale
$2,875,000
Pending
2560 N Texas, Fairfield, CA 94533
Fully leased office building with high traffic and easy access.
Property Size10,764 SF
Lot Size1.00 Acre
Days on Market199
Property Features for 2560 N Texas
General Information
Standard status
Pending
Size
10,764 SF
Lot size
1.00 Acre
Property subtype
Commercial
Amenities
Central air
Central Cooling
Central Heating
Varies by Unit Flooring
Building Details
Year Built
1980
Listing Agency:
PREMIER COMMERCIAL, INC
4367300
Listed By:
RONALD WASLOHN
Source:
Corcoran
Added: Jan 30
Changed: Aug 8
Last Checked: Jul 23 at 7:31AM
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 PREMIER COMMERCIAL, INC
Investment Insights
Based on property information with market context.
This well-maintained brick building, with the exception of one suite, is fully leased. The suites feature reception areas with glass doors and floor-to-ceiling windows, providing ample natural light. Each suite includes private offices, storage areas, and restrooms. Situated in a busy area with high traffic from locals and visitors, the property offers a large parking lot and easy access to I-80 and Air Base Parkway. Bus stops are within walking distance, and the location is in close proximity to banks, retail stores, and restaurants. The property size is 10764 square feet.
Key Highlights
- Fully leased except for one suite, providing immediate income potential.
- High‑traffic location appealing to locals and visitors.
- Large parking lot for convenient access.
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
$214,987
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
7.48%
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%
$4,299,740
$4.3M
Cap Rate 7%
$3,071,243
$3.1M
Cap Rate 9%
$2,388,744
$2.4M
Market Conditions
NOI Build-Up for 10,764 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
$377.2K $35.04/SF
− Vacancy
−$90.5K −$8.41/SF
EGI
$286.6K $26.63/SF
− OpEx
−$71.7K −$6.66/SF
NOI
$215.0K $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%
$4,299,740
Cap Rate 7%
$3,071,243
Cap Rate 9%
$2,388,744
Alternative Uses
Best Use
Office B
$3.07M
$2.69M – $3.58M
NOI $214,987 @ 7.0% cap · market cap 7.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.38M
$3.83M – $5.11M
NOI $306,722 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
Explore this area
Business Placement
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Fully leased office building with high traffic and easy access.
Where is this office building located?
The property is located at 2560 N Texas Fairfield, CA.
What is the asking price?
The asking price for this property is $2,875,000.
What are key features of this property?
This property features: Fully leased except for one suite, providing immediate income potential.; High‑traffic location appealing to locals and visitors.; Large parking lot for convenient access.
