Convertible Multi-Unit Office
425 Merchant Street Vacaville, CA 95688
425 Merchant Street, Vacaville, CA, 95688
$1,800,000
For Sale
$1,800,000
SINGLE_FAMILY - Vacaville, CA
Property Size5,853 SF
Lot Size0.23 Acres
Price / SF$307.53
Days on Market165
Property Features for 425 Merchant Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking
- 12
- Standard status
- Active
- APN
- 0130233070
- Lot size
- 0.23 Acres
Utilities
- Heating system
- Central, Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1991
- Floors in Building
- 2
- Roof type
- Flat
Listing Agency
McGuire Real Estate
(707) 448-1158
548 Main St, Vacaville, CA
Listed by
Mark H McGuire · License #01902240
(707) 385-1353
Added: Feb 5 Updated: Jul 18 at 11:40 am Checked: Jul 20 at 3:06 pm
MLS# 326008708
Copyright © 2026 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Prominent office building offered for sale, for lease, or lease/option, with seller financing available. The property currently comprises three units that can be easily converted into a single occupant space or split further for smaller tenancy. The upstairs unit totals 3,832 square feet and is suited for professional services, with a conference room, a main office with views, and a light-filled bullpen. Both floors include reception areas, ADA-compliant bathrooms, break rooms, private offices, and conference rooms.
Located in downtown Vacaville with visible signage and high vehicle exposure. The property includes covered parking and is positioned near downtown restaurants and I-80 access.
The building’s functional layout supports either single-tenant occupancy or flexible division across multiple offices, with covered parking and multiple reception and meeting spaces throughout.
Located in downtown Vacaville with visible signage and high vehicle exposure. The property includes covered parking and is positioned near downtown restaurants and I-80 access.
The building’s functional layout supports either single-tenant occupancy or flexible division across multiple offices, with covered parking and multiple reception and meeting spaces throughout.
Key Highlights
- Prominent 5,853 SF downtown Vacaville office building with covered parking and visible signage
- Upstairs unit includes 3,832 SF with conference room, main office with views, and light‑filled bullpen
- Currently three units that can be converted into a single occupant space or split further for flexible use
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $140.5k | $24.00 |
| − Vacancy | −$21.1k | −$3.60 |
| EGI | $119.4k | $20.40 |
| − OpEx | −$29.9k | −$5.10 |
| NOI | $89.6k | $15.30 |
5,853 SF · lease $24.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.28M
$1.12M – $1.49M
NOI $89,551 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,665 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Phillippi Engineering Inc
Civil Engineer
C & C Property ...
Property Management Company
The Ranch Fairfield
Association / Organization
TechPro Source, LLC
Computer & Electronic Repair
HOA Board
Event Planning
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Office building with three units that can be converted into a single tenant space or split further.
Where is this office building located?
The property is located at 425 Merchant Street Vacaville, CA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Prominent 5,853 SF downtown Vacaville office building with covered parking and visible signage; Upstairs unit includes 3,832 SF with conference room, main office with views, and light‑filled bullpen; Currently three units that can be converted into a single occupant space or split further for flexible use
