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
Lot Size0.15 Acres
Price / SF$242.82
Days on Market260
Property Features for 539 Georgia Street
General Information
Standard status
Active
Size
4,110 SF
Lot size
0.15 Acres
Property subtype
Commercial
Amenities
Freeway Nearby
Building Details
Year Built
1930
Listing Agency:
BRIAN A. MERRION, BROKER
(888) 832-7179
Listed By:
BRIAN MERRION · License #01940486
Source:
Corcoran
Added: Dec 6, 2025
Changed: Aug 22
Last Checked: Aug 22 at 7:31AM
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 situated on a central, well-traveled street in Vallejo, less than a block from Sonoma Boulevard. The property includes two retail storefronts, two one-bedroom, one-bathroom apartments, and one three-bedroom, one-bathroom upper unit. The 4,110 square foot property is currently undergoing renovations due to fire damage. It can be purchased as-is or post-renovation. The residential units retain original design elements. This property presents a cash flow opportunity with upside potential.
Key Highlights
- Excellent cash flow opportunity with strong upside potential.
- Prime central location on a well‑traveled street, near Sonoma Blvd.
- 5‑unit mixed‑use property (2 retail, two 1‑BR, one 3‑BR).
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,368
Businesses Nearby
13k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 83%
Shops & Services 17%
Grocery Outlet Bargain Market
Groceries
10,378 visits/mo
0.1 miles
Texaco
Shops & Services
2,198 visits/mo
0.2 miles
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
Market
Vacancy Rate% for Retail 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: Excellent cash flow opportunity with strong upside potential.; Prime central location on a well‑traveled street, near Sonoma Blvd.; 5‑unit mixed‑use property (2 retail, two 1‑BR, one 3‑BR).
