Vallejo Bank Branch Investment
For Sale
Contact for pricing
4299 Sonoma Blvd, Vallejo, CA 94589
NNN leased BMO Harris Bank branch in high-traffic location.
Property Size3,900 SF
Price / SF$540
Days on Market362
Property Features for 4299 Sonoma Blvd
General Information
Standard status
Active
Size
3,900 SF
Total Parking Spaces
25
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Net Operating Income
$142,155
Building Details
Year Built
1987
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Monarch Commercial Advisors
Listed By:
Dave Lucas · License #01389761
Source:
Crexi
Added: Aug 14, 2025
Changed: Aug 8
Last Checked: Aug 10 at 12:11PM
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 Monarch Commercial Advisors
Investment Insights
Based on property information with market context.
This property is leased to BMO Harris Bank, N.A., a subsidiary of BMO Financial Group (NYSE: BMO), a large North American financial institution with over $1 trillion in assets. BMO holds investment-grade credit ratings (Moody’s: A1 / S&P: A+). The Vallejo location supports BMO’s expansion across Northern California and is positioned for continued performance. The lease is structured as a net lease, offering passive income with minimal landlord responsibilities and stable, predictable cash flow. The property benefits from a prominent pad position on Sonoma Boulevard (Highway 29), a primary commercial corridor in Vallejo, with over 45,000 combined vehicles per day. The location in Solano County, within one of the Bay Area’s fastest-growing regions, is surrounded by a population of more than 120,000 residents within a 5-mile radius. The property size is 3,900 square feet. This infill location supports long-term value in an expanding market.
Key Highlights
- Investment‑Grade Credit Tenant: Leased to BMO Harris Bank, N.A. (Moody’s: A1 / S&P: A+), ensuring long‑term income stability.
- Passive Net Lease Structure: Offers hands‑off, reliable income.
- Strategic High‑Traffic Location: Situated on Sonoma Boulevard (Highway 29) with over 45,000 vehicles per day.
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
$101,941
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
4.84%
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%
$2,038,820
$2.0M
Cap Rate 7%
$1,456,300
$1.5M
Cap Rate 9%
$1,132,678
$1.1M
Market Conditions
NOI Build-Up for 3,900 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
$147.4K $37.80/SF
− Vacancy
−$11.5K −$2.95/SF
EGI
$135.9K $34.85/SF
− OpEx
−$34.0K −$8.71/SF
NOI
$101.9K $26.14/SF
Area
Vallejo, CA
Vacancy
7.80%
Lease Rate
$37.80 /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%
$2,038,820
Cap Rate 7%
$1,456,300
Cap Rate 9%
$1,132,678
Alternative Uses
Best Use
Specialty Retail
$1.46M
$1.27M – $1.70M
NOI $101,941 @ 7.0% cap · market cap 4.84%
Second Best
Retail
$1.29M
$1.13M – $1.51M
NOI $90,319 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,865 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
51k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 40%
Popeyes Louisiana Kitchen
Dining
17,842 visits/mo
0.4 miles
Shell
Shops & Services
10,995 visits/mo
0.3 miles
Jack in the Box
Dining
10,023 visits/mo
0.3 miles
Chevron
Shops & Services
5,867 visits/mo
0.3 miles
Mountain Mike's Pizza
Dining
2,713 visits/mo
0.4 miles
Demographics for 94589, CA
32,290
Population
9,826
Households
3.3
Avg Household Size
39
Median Age
23%
College-Educated
83%
High-School Grad
5.7 sq mi
ZIP Area
5,665
Density / Sq Mi
$91,313
Median Household Income
$45,106
Median Earnings
$2,127
Median Rent
$478,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Bank - NNN leased BMO Harris Bank branch in high-traffic location.
Where is this bank located?
The property is located at 4299 Sonoma Blvd Vallejo, CA.
What is the asking price?
The asking price for this property is $2,106,000.
What are key features of this property?
This property features: Investment‑Grade Credit Tenant: Leased to BMO Harris Bank, N.A. (Moody’s: A1 / S&P: A+), ensuring long‑term income stability.; Passive Net Lease Structure: Offers hands‑off, reliable income.; Strategic High‑Traffic Location: Situated on Sonoma Boulevard (Highway 29) with over 45,000 vehicles per day.
