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    Grocery Anchored Shopping Center Space Title is generated by Realmo AI

    278 Sunset Ave, Suisun City, CA

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    Retail space in a shopping center with strong anchor tenants.

    Type:RETAIL
    Property size:
    4,298 SF
    Lot size:
    15.44 Acres
    Added:
    Mar 10, 2025
    Days on Market:
    453
    Last Refresh:
    May 20 at 9:33 pm

    Property Features for 278 Sunset Ave

    General Information

    Standard status
    Active
    Size
    4,298 SF
    Lot size
    15.44 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 278 Sunset Ave Contact us

    We can help!

    Listing Contact
    Nick Schmidter
    Nick Schmidter

    Listing agent Nick Schmidter

    Listing office Lockehouse Retail Group

    Listing date Mar 10, 2025

    Source Moodyscre

    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 Lockehouse Retail Group

    HighLights

    • Grocery anchored shopping center with strong anchor tenants including Raley’s, Ace Hardware, Dollar Tree, and AutoZone.
    • Located on a major commuter thoroughfare with high traffic counts of 52,000 VPD.
    • ±16,000 SF junior box opportunity.
    • Great access via traffic light.
    • Ample parking.

    Overview

    This retail space is located in a grocery-anchored shopping center. The center is positioned on a major commuter thoroughfare, benefiting from combined traffic counts exceeding 52,000 vehicles per day on Highway 12 and Sunset Avenue. Anchor tenants include Raley’s, Ace Hardware, Dollar Tree, and AutoZone. The location offers accessibility via a traffic light and ample parking. A ±16,000 square feet junior box opportunity is available. The property has a size of 4,298 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chase Mortgage Loan Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Marina Center — 507 Marina Center, Suisun City, CA 94585
    • Sunset Center — 135 Sunset Ave, Suisun City, CA 94585
    • Coinstar Kiosk - Bitcoin ATM — 270 Sunset Ave Raley's, Suisun City, CA 94585

    Location Insight

    • Map
    • Local Demand
    City
    Suisun City
    County
    Solano
    State
    California
    Longitude
    -122.021
    Latitude
    38.2462

    Nearby Similar for Lease

    • Contact for pricing
      1,108 SF

      Grocery Anchored Shopping Center Space

      Retail space in grocery-anchored shopping center on major thoroughfare.
      262-274 Sunset Ave, Suisun City, CA
      View Details
    • Contact for pricing

      Retail Space on Sunset Avenue

      Retail spaces available for lease on Sunset Avenue.
      250-288 Sunset Avenue, Suisun City, CA 94585
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space in a shopping center with strong anchor tenants.
    Where is this shopping center located?
    The property is located at 278 Sunset Ave Suisun City, CA.
    What are key features of this property?
    This property features: Grocery anchored shopping center with strong anchor tenants including Raley’s, Ace Hardware, Dollar Tree, and AutoZone.; Located on a major commuter thoroughfare with high traffic counts of 52,000 VPD.; ±16,000 SF junior box opportunity.
    (650) 692-3400 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nick Schmidter
    Nick Schmidter
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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