Light Industrial Multi-Tenant
For Sale
Contact for pricing
520 California Blvd, Napa, CA 94559
Fully leased light industrial building with long-term multi-tenant occupancy.
Property Size25,000 SF
Price / SF$250
Days on Market543
Property Features for 520 California Blvd
General Information
Standard status
Active
Size
25,000 SF
Property subtype
INDUSTRIAL
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Colliers | Fairfield
(707) 863-0188
Listed By:
Bret DeMartini, CCIM · License #CA-00853110
(707) 863-8397
Source:
Moodyscre
Added: Mar 28, 2025
Changed: Sep 7
Last Checked: Sep 20 at 10:33AM
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 Colliers | Fairfield
Investment Insights
Based on property information with market context.
This fully leased light industrial multi-tenant building is being offered for sale as a stable investment. The property is 100% occupied and has been held by the current owners for nearly 40 years, with tenants that include multiple long-term occupants and leases spanning decades. The building is described as approximately 125,000 square feet of light industrial space.
Located at 520 California Blvd in Napa, the property is positioned just off the First Street exit and west of downtown Napa. It provides convenient access to Highways 29, 221, and 12, with numerous amenities nearby.
The asset is presented as a turnkey, occupied light industrial offering supported by sustained occupancy performance.
Located at 520 California Blvd in Napa, the property is positioned just off the First Street exit and west of downtown Napa. It provides convenient access to Highways 29, 221, and 12, with numerous amenities nearby.
The asset is presented as a turnkey, occupied light industrial offering supported by sustained occupancy performance.
Key Highlights
- ±125,000 SF fully leased light industrial building
- 100% occupied with a high occupancy rate
- Multi‑tenant tenant mix with many tenants in place for 10+ years and some for multiple decades
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
$396,655
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
6.35%
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%
$7,933,100
$7.9M
Cap Rate 7%
$5,666,500
$5.7M
Cap Rate 9%
$4,407,278
$4.4M
Market Conditions
NOI Build-Up for 25,000 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
$537.0K $21.48/SF
− Vacancy
−$70.3K −$2.81/SF
EGI
$466.7K $18.67/SF
− OpEx
−$70.0K −$2.80/SF
NOI
$396.7K $15.87/SF
Area
Napa County, CA
Vacancy
13.10%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
15.00%
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%
$7,933,100
Cap Rate 7%
$5,666,500
Cap Rate 9%
$4,407,278
Alternative Uses
Best Use
Warehouse
$5.67M
$4.96M – $6.61M
NOI $396,655 @ 7.0% cap · market cap 6.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$50.45M
$44.14M – $58.86M
NOI $3,531,418 @ 7.0% cap · market cap 56.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,246
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 94559, CA
28,137
Population
11,599
Households
2.4
Avg Household Size
40
Median Age
37%
College-Educated
84%
High-School Grad
41.4 sq mi
ZIP Area
680
Density / Sq Mi
$100,559
Median Household Income
$52,247
Median Earnings
$2,044
Median Rent
$877,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Fully leased light industrial building with long-term multi-tenant occupancy.
Where is this warehouse located?
The property is located at 520 California Blvd Napa, CA.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: ±125,000 SF fully leased light industrial building; 100% occupied with a high occupancy rate; Multi‑tenant tenant mix with many tenants in place for 10+ years and some for multiple decades
