Medical Office With Detached
For Sale
$830,000
490 E L St, Benicia, CA 94510
Corner-lot property offers reception, five medical rooms, two bathrooms, central HVAC, and parking.
Property Size1,690 SF
Days on Market47
Property Features for 490 E L St
General Information
Standard status
Active
Size
1,690 SF
Property subtype
Commercial
Building Details
Building Size
1,690 SF
Year Built
1941
Buildings
2
Listing Agency:
eXp Commercial of California Inc.
Listed By:
Helen Yong · License #01772827
(650) 271-2308
Source:
Elliman
Added: Sep 19
Changed: Oct 27
Last Checked: Nov 4 at 1:06PM
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 eXp Commercial of California Inc.
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Investment Insights
Based on property information with market context.
Built in 1941, this medical office property includes a reception area, five medical rooms, multiple storage closets, two bathrooms, and central air conditioning and heat. A detached unit adds another bathroom and a separate private parking area, while both structures share access to a fenced outdoor yard.
The property is located at 490 E L St in Benicia, California, on a highly visible corner lot. Walk Score is 61 and Bike Score is 43, providing a somewhat walkable and somewhat bikeable setting. The combination of medical-room configuration, support areas, an additional detached space, and on-site parking creates a functional layout for a range of office or healthcare-related operations.
The property is located at 490 E L St in Benicia, California, on a highly visible corner lot. Walk Score is 61 and Bike Score is 43, providing a somewhat walkable and somewhat bikeable setting. The combination of medical-room configuration, support areas, an additional detached space, and on-site parking creates a functional layout for a range of office or healthcare-related operations.
Key Highlights
- Five medical rooms with reception area and multiple storage closets
- Detached unit includes its own bathroom and private parking area
- Two bathrooms in the overall property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,493
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,860
$609.9K
Cap Rate 7%
$435,614
$435.6K
Cap Rate 9%
$338,811
$338.8K
Market Conditions
NOI Build-Up for 1,690 SF
Gross rent
$56.8K $33.60/SF
− Vacancy
−$6.0K −$3.53/SF
EGI
$50.8K $30.07/SF
− OpEx
−$20.3K −$12.03/SF
NOI
$30.5K $18.04/SF
Area
Solano County, CA
Vacancy
10.50%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,860
Cap Rate 7%
$435,614
Cap Rate 9%
$338,811
Alternative Uses
Best Use
Healthcare Medical
$435.6K
$381.2K – $508.2K
NOI $30,493 @ 7.0% cap · market cap 3.67%
Second Best
Office B
$403.9K
$353.4K – $471.3K
NOI $28,275 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$563.9K
$493.5K – $657.9K
NOI $39,476 @ 7.0% cap · market cap 4.76%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,163
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 94510, CA
27,174
Population
11,463
Households
2.4
Avg Household Size
46
Median Age
46%
College-Educated
96%
High-School Grad
29.2 sq mi
ZIP Area
931
Density / Sq Mi
$125,222
Median Household Income
$70,569
Median Earnings
$2,234
Median Rent
$778,900
Median Home Value
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Southampton Pet Hospital: Olm Dale DVM — 490 E L St, Benicia, CA 94510
- Riddle Shelby DVM, Southampton Pet Hospital — 490 E L St, Benicia, CA 94510
- Southampton Pet Hospital — 490 E L St, Benicia, CA 94510
- Compassionate Care Cat Hospice — 290 E L St Box 944, Benicia, CA 94510
- Animal Clinic of Benicia — 402 Military E, Benicia, CA 94510
Frequently Asked Questions
What type of property is this?
Medical Office Space - Corner-lot property offers reception, five medical rooms, two bathrooms, central HVAC, and parking.
Where is this medical office space located?
The property is located at 490 E L St Benicia, CA.
What is the asking price?
The asking price for this property is $830,000.
What are key features of this property?
This property features: Five medical rooms with reception area and multiple storage closets; Detached unit includes its own bathroom and private parking area; Two bathrooms in the overall property
