Two Adjoining Office
444 Georgia St Vallejo, CA 94590
For Sale
Contact for pricing
Two adjoining office condominium units in a landmark 1916 building, renovated in 2022 with a finished basement.
Property Size4,008 SF
Price / SF$251
Days on Market454
Property Features for 444 Georgia St
General Information
Standard status
Active
Size
4,008 SF
Property subtype
OFFICE
Listing Agency:
Baniqued Commercial Real Estate
(510) 851-2748
Listed By:
Brian Baniqued · License #01104388
(510) 851-2748
Source:
Moodyscre
Added: May 2, 2025
Changed: Jul 25
Last Checked: Jul 28 at 1:35PM
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 Baniqued Commercial Real Estate
Investment Insights
Based on property information with market context.
This offering consists of two adjoining commercial condominium units totaling 4,008 square feet, located in a landmark 1916 building. The space was recently renovated in 2022 and includes a significant finished basement, as described in a 2024 appraisal.
The property is positioned at the high-visibility intersection of 444 Georgia Street and 1709 Sonoma Boulevard in Vallejo, providing direct exposure for an office use. The two contiguous parcels are identified as APNs 0056-262-010 and 0056-262-030.
The property is positioned at the high-visibility intersection of 444 Georgia Street and 1709 Sonoma Boulevard in Vallejo, providing direct exposure for an office use. The two contiguous parcels are identified as APNs 0056-262-010 and 0056-262-030.
Key Highlights
- Two adjoining office commercial condominium units in a landmark 1916 building originally part of the Charles Hotel
- 4,008 sq ft total recently renovated space (2022)
- Includes a significant finished basement (per 2024 appraisal)
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 | $151.5k | $37.80 |
| − Vacancy | −$27.6k | −$6.88 |
| EGI | $123.9k | $30.92 |
| − OpEx | −$31.0k | −$7.73 |
| NOI | $92.9k | $23.19 |
4,008 SF · lease $37.80/SF/yr · vacancy 18.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.33M
$1.16M – $1.55M
NOI $92,947 @ 7.0% cap · market cap 9.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,545 @ 7.0% cap · market cap 13.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Two adjoining office condominium units in a landmark 1916 building, renovated in 2022 with a finished basement.
Where is this office units located?
The property is located at 444 Georgia St Vallejo, CA.
What is the asking price?
The asking price for this property is $1,010,000.
What are key features of this property?
This property features: Two adjoining office commercial condominium units in a landmark 1916 building originally part of the Charles Hotel; 4,008 sq ft total recently renovated space (2022); Includes a significant finished basement (per 2024 appraisal)
