Two Adjoining Office
For Sale
Contact for pricing
444 Georgia St, Vallejo, CA 94590
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 Market549
Property Features for 444 Georgia St
General Information
Standard status
Active
Size
4,008 SF
Property subtype
OFFICE
Building Details
Year Built
1916
Year Renovated
2022
Listing Agency:
Baniqued Commercial Real Estate
(510) 222-0900
Listed By:
Brian Baniqued · License #01104388
(510) 851-2748
Source:
Moodyscre
Added: May 2, 2025
Changed: Oct 25
Last Checked: Nov 1 at 9:29AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$92,947
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,858,940
$1.9M
Cap Rate 7%
$1,327,814
$1.3M
Cap Rate 9%
$1,032,744
$1.0M
Market Conditions
NOI Build-Up for 4,008 SF
Gross rent
$151.5K $37.80/SF
− Vacancy
−$27.6K −$6.88/SF
EGI
$123.9K $30.92/SF
− OpEx
−$31.0K −$7.73/SF
NOI
$92.9K $23.19/SF
Area
Vallejo, CA
Vacancy
18.20%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,858,940
Cap Rate 7%
$1,327,814
Cap Rate 9%
$1,032,744
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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,723
Businesses Nearby
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Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Two adjoining office condominium units in a landmark 1916 building, renovated in 2022 with a finished basement.
Where is this office unit 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)
