Mixed-Use Property in Central
For Sale
$998,000
539 Georgia Street, Vallejo, CA 94590
Five-unit mixed-use property with renovation potential in central location.
Property Size4,110 SF
Days on Market302
Property Features for 539 Georgia Street
General Information
Standard status
Active
Size
4,110 SF
Property subtype
Retail
Building Details
Building Size
4,110 SF
Year Built
1930
Listing Agency:
Brian A. Merrion, Broker
Listed By:
Brian Merrion · License #01940486
(415) 474-1750
Source:
Bonniespindler
Added: Nov 25, 2025
Changed: Sep 9
Last Checked: Sep 22 at 9:11PM
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 Brian A. Merrion, Broker
Investment Insights
Based on property information with market context.
This five-unit mixed-use property is located on a central, well-traveled street in Vallejo, less than a block from Sonoma Boulevard. The property features two retail storefronts, two one-bedroom, one-bathroom apartments, and one three-bedroom, one-bathroom upper unit. The property is currently undergoing renovations due to fire damage. It can be purchased as-is or post-renovation. The residential units retain many original design elements. The property size is 4,110 square feet.
Key Highlights
- Mixed‑use property featuring 2 retail storefronts and 3 residential units (two 1‑BR/1 bath, one 3‑BR/1 bath).
- Excellent cash flow opportunity with strong upside potential.
- Prime location on a central, well‑traveled street, near Sonoma Blvd.
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
$90,363
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
9.05%
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%
$1,807,260
$1.8M
Cap Rate 7%
$1,290,900
$1.3M
Cap Rate 9%
$1,004,033
$1.0M
Market Conditions
NOI Build-Up for 4,110 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
$160.3K $39.00/SF
− Vacancy
−$15.7K −$3.82/SF
EGI
$144.6K $35.18/SF
− OpEx
−$54.2K −$13.19/SF
NOI
$90.4K $21.99/SF
Area
Vallejo, CA
Vacancy
9.80%
Lease Rate
$39.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,807,260
Cap Rate 7%
$1,290,900
Cap Rate 9%
$1,004,033
Alternative Uses
Best Use
Retail
$1.36M
$1.19M – $1.59M
NOI $95,183 @ 7.0% cap · market cap 9.54%
Second Best
Mixed Use
$1.29M
$1.13M – $1.51M
NOI $90,363 @ 7.0% cap · market cap 9.05%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $140,019 @ 7.0% cap · market cap 14.03%
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
1,368
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Five-unit mixed-use property with renovation potential in central location.
Where is this mixed-use property located?
The property is located at 539 Georgia Street Vallejo, CA.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Mixed‑use property featuring 2 retail storefronts and 3 residential units (two 1‑BR/1 bath, one 3‑BR/1 bath).; Excellent cash flow opportunity with strong upside potential.; Prime location on a central, well‑traveled street, near Sonoma Blvd.
