Class A Office
For Sale
Contact for pricing
401 Davis St, Vacaville, CA 95688
Office property offering a professional Class A designation in a central Vacaville address.
Property Size23,040 SF
Price / SF$269.10
Days on Market438
Property Features for 401 Davis St
General Information
Standard status
Active
Size
23,040 SF
Class
Class A
Property subtype
OFFICE
Additional Details
Asking Price
$6,200,000
Listing Agency:
Avison Young | Sacramento
(916) 730-0921
Listed By:
J. David Smith · License #01246923
(916) 730-0921
Source:
Moodyscre
Added: Jun 19, 2025
Changed: Aug 29
Last Checked: Aug 29 at 7:38PM
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 Avison Young | Sacramento
Investment Insights
Based on property information with market context.
This Class A office building is located at 401 Davis St in Vacaville, California. The property is offered for sale and is identified as an office building suitable for professional commercial use.
Key Highlights
- Class A office building
- 401 Davis St address in Vacaville, CA 95688
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
$352,512
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
5.69%
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%
$7,050,240
$7.1M
Cap Rate 7%
$5,035,886
$5.0M
Cap Rate 9%
$3,916,800
$3.9M
Market Conditions
NOI Build-Up for 23,040 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
$553.0K $24.00/SF
− Vacancy
−$82.9K −$3.60/SF
EGI
$470.0K $20.40/SF
− OpEx
−$117.5K −$5.10/SF
NOI
$352.5K $15.30/SF
Area
Vacaville, CA
Vacancy
15.00%
Lease Rate
$24.00 /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%
$7,050,240
Cap Rate 7%
$5,035,886
Cap Rate 9%
$3,916,800
Alternative Uses
Best Use
Office B
$5.04M
$4.41M – $5.88M
NOI $352,512 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.79M
$5.94M – $7.92M
NOI $474,993 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,119
Businesses Nearby
Explore this area
Business Placement
Demographics for 95688, CA
39,571
Population
14,876
Households
2.7
Avg Household Size
39
Median Age
34%
College-Educated
94%
High-School Grad
92.0 sq mi
ZIP Area
430
Density / Sq Mi
$115,791
Median Household Income
$58,468
Median Earnings
$2,063
Median Rent
$657,400
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 - Office property offering a professional Class A designation in a central Vacaville address.
Where is this office building located?
The property is located at 401 Davis St Vacaville, CA.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: Class A office building; 401 Davis St address in Vacaville, CA 95688
