Leased Salon
For Sale
$599,000
2913 Sonoma Boulevard, Vallejo, CA 94590
Active salon occupancy, flexible NC zoning, and shared parking support several commercial use formats.
Property Size1,250 SF
Price / SF$479.20
Days on Market81
Property Features for 2913 Sonoma Boulevard
General Information
Standard status
Active
Size
1,250 SF
Building Details
Year Built
1930
Listing Agency:
Reena Real Estate Inc.
(415) 866-3440
Listed By:
Reena Paleja · License #01133785
Source:
Myfabuloushome
Added: Jun 11
Changed: Aug 30
Last Checked: Aug 25 at 5:13AM
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 Reena Real Estate Inc.
Investment Insights
Based on property information with market context.
This storefront commercial property is currently leased to an operating hair-cutting salon. The building dates to 1930 and is part of a multi-tenant commercial sequence with shared parking. Flexible NC zoning supports the stated potential for salon, spa, boutique retail, or professional office uses.
Three front parking spaces serve the property, while the side yard provides additional space for multiple parking areas. The property is located at 2913 Sonoma Boulevard in Vallejo, California, within an established commercial setting. Its existing salon occupancy, adaptable zoning, and on-site parking create a straightforward commercial configuration for continued salon use or a future permitted conversion.
Three front parking spaces serve the property, while the side yard provides additional space for multiple parking areas. The property is located at 2913 Sonoma Boulevard in Vallejo, California, within an established commercial setting. Its existing salon occupancy, adaptable zoning, and on-site parking create a straightforward commercial configuration for continued salon use or a future permitted conversion.
Key Highlights
- Currently leased to an active hair‑cutting salon
- Flexible NC zoning supports salon, spa, boutique retail, or professional office uses
- 3 front parking spaces
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
$28,949
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
4.83%
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%
$578,980
$579.0K
Cap Rate 7%
$413,557
$413.6K
Cap Rate 9%
$321,656
$321.7K
Market Conditions
NOI Build-Up for 1,250 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
$45.0K $36.00/SF
− Vacancy
−$3.6K −$2.92/SF
EGI
$41.4K $33.08/SF
− OpEx
−$12.4K −$9.93/SF
NOI
$28.9K $23.16/SF
Area
Vallejo, CA
Vacancy
8.10%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
30.00%
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%
$578,980
Cap Rate 7%
$413,557
Cap Rate 9%
$321,656
Alternative Uses
Best Use
Retail
$413.6K
$361.9K – $482.5K
NOI $28,949 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$608.4K
$532.3K – $709.8K
NOI $42,585 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,164
Businesses Nearby
105k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 37%
Electronics 4%
McDonald's
Dining
23,292 visits/mo
0.4 miles
dd's DISCOUNTS
Shops & Services
21,080 visits/mo
0.5 miles
Bank of America
Shops & Services
11,524 visits/mo
0.5 miles
Jack in the Box
Dining
10,485 visits/mo
0.5 miles
Chase Bank
Shops & Services
7,376 visits/mo
0.5 miles
Demographics for 94590, CA
39,981
Population
16,500
Households
2.4
Avg Household Size
38
Median Age
26%
College-Educated
87%
High-School Grad
6.6 sq mi
ZIP Area
6,058
Density / Sq Mi
$66,957
Median Household Income
$43,383
Median Earnings
$1,768
Median Rent
$510,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Active salon occupancy, flexible NC zoning, and shared parking support several commercial use formats.
Where is this storefront property located?
The property is located at 2913 Sonoma Boulevard Vallejo, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Currently leased to an active hair‑cutting salon; Flexible NC zoning supports salon, spa, boutique retail, or professional office uses; 3 front parking spaces
