Freeway Facing Industrial
For Sale
Contact for pricing
5200-5234 Gateway Plaza Dr, Benicia, CA 94510
Industrial units with roll-up doors and private parking.
Property Size17,167 SF
Price / SF$209.70
Days on Market289
Property Features for 5200-5234 Gateway Plaza Dr
General Information
Standard status
Active
Size
17,167 SF
Class
B
Property subtype
Industrial
Zoning
C-2
Investment Type
Owner/User
Building Details
Year Built
2003
Buildings
1
Listing Agency:
Kidder Mathews Sacramento
Listed By:
Tyler Boyd · License #CA 01927167
(916) 751-3625
Source:
Crexi
Added: Nov 25, 2025
Changed: Sep 8
Last Checked: Sep 10 at 8:01AM
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 Kidder Mathews Sacramento
Investment Insights
Based on property information with market context.
Available for purchase are Unit B, measuring 3,014 square feet with total property taxes for 2024 being $5,690, and Unit E, measuring 3,509 square feet with total property taxes for 2024 being $5,230. Both units feature roll-up doors and access to a large, private parking lot situated to the south, away from other buildings. The property offers good signage opportunities facing the freeway. The entire building encompasses 17,437 square feet and is constructed with concrete tilt-up. The price is $250 per square foot for Units B and E. The Assessor's Parcel Numbers are 0080-380-030 and 0080-380-060. Inquiries can be made to the broker regarding the potential purchase of the entire building.
Key Highlights
- Competitive pricing at $250/SF for Units B & E.
- Large private parking lot, isolated from other buildings.
- Good signage opportunity facing the freeway.
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
$281,182
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
7.81%
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%
$5,623,640
$5.6M
Cap Rate 7%
$4,016,886
$4.0M
Cap Rate 9%
$3,124,244
$3.1M
Market Conditions
NOI Build-Up for 17,167 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
$473.8K $27.60/SF
− Vacancy
−$41.2K −$2.40/SF
EGI
$432.6K $25.20/SF
− OpEx
−$151.4K −$8.82/SF
NOI
$281.2K $16.38/SF
Area
Solano County, CA
Vacancy
8.70%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
35.00%
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%
$5,623,640
Cap Rate 7%
$4,016,886
Cap Rate 9%
$3,124,244
Alternative Uses
Best Use
Flex RnD
$4.02M
$3.51M – $4.69M
NOI $281,182 @ 7.0% cap · market cap 7.81%
Second Best
Warehouse
$2.95M
$2.58M – $3.45M
NOI $206,706 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$5.73M
$5.01M – $6.68M
NOI $400,999 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial units with roll-up doors and private parking.
Where is this flex space located?
The property is located at 5200-5234 Gateway Plaza Dr Benicia, CA.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Competitive pricing at $250/SF for Units B & E.; Large private parking lot, isolated from other buildings.; Good signage opportunity facing the freeway.
