Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Waterfront Residential Lot Opportunity Title is generated by Realmo AI

    704 W I Street, Benicia, CA 94510

    View on Map
    Claim this Listing
    New
    For Sale
    $750,000

    Residential Lot - Benicia, CA

    Lot size:
    0.30 Acres
    Added:
    May 6, 2026
    Days on Market:
    7
    Last Refresh:
    May 12 at 2:06 pm

    Property Features for 704 W I Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0089-014-320
    Lot size
    0.30 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kathleen Olson
    Kathleen Olson

    Listing agent Kathleen Olson License #00899699

    Listing office Olson Realty, Inc 920 First St, Suite 101, Benicia, CA

    Listing date May 6, 2026

    MLS# 326039251 Listing URL

    Copyright © 2026 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Stunning waterfront location with water views and water access
    • Development opportunity on the former restaurant site
    • Two adjacent parcels for sale
    • Opportunity to design a new home
    • Close proximity to Town, boat launch, and State Park

    Overview

    Two adjacent parcels are available for sale, presenting a waterfront development opportunity in Benicia, CA. Situated at the former Sam's Harbor restaurant site, the seller prefers to sell both lots to the same party. The location offers water views and water access. The property is near the 9th Street boat launch and the State Park. The combined lot size is 0.3046 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Benicia
    County
    Solano
    State
    California
    Longitude
    -122.1700172
    Latitude
    38.0568918

    Nearby Similar for Sale

    • $1,700,000
      8,820 SF

      Versatile Historic Building in Downtown Benicia

      Mixed-use building with retail storefronts and customizable upper level.
      106 W J Street, Benicia, CA 94510
      View Details
    • $750,000

      Waterfront Residential Lot Opportunity

      Two adjacent waterfront parcels for sale in Benicia, California.
      708 W I Street, Benicia, CA 94510
      View Details
    • $620,000
      4,393 SF

      Benicia Office Condo with Views

      Professional office condo with water views and ample parking.
      306-308 Military West, Benicia, CA 94510
      View Details
    • $620,000
      4,393 SF

      Benicia Office Condo For Sale

      Professional office condo with water views available for purchase.
      Benicia, CA 94510
      View Details
    • $1,400,000
      2,356 SF

      Downtown Benicia Commercial Building

      Commercial building in downtown Benicia with five occupied units.
      800 1St St, Benicia, CA 94510
      View Details
    • $1,698,000

      Benicia Multifamily Investment Opportunity

      Six-unit property near downtown Benicia with stable income.
      106 E K St, Benicia, CA 94510
      View Details
    • $1,995,000
      3,400 SF

      Mixed-Use Property with Secured Yard

      Mixed-use property featuring shop space and secured yard.
      640 E G St, Benicia, CA
      View Details
    • Contact for pricing
      3,509 SF

      Freeway Facing Industrial Units

      Industrial units with roll-up doors and private parking.
      5200 Gateway Plaza Dr, Benicia, CA
      View Details
    • $5,136,075

      Retail Property in Benicia, CA

      Retail property available for sale in Benicia, California.
      2130-2158 Columbus Pkwy, Benicia, CA
      View Details
    • $350,000

      Development Opportunity in Downtown Benicia

      Vacant lot suitable for high-density residential or mixed-use development.
      100 H Street, BENICIA, CA 94580
      View Details
    • $1,700,000
      8,820 SF

      Historic Benicia Commercial Building

      Versatile mixed-use building in downtown Benicia with established tenants.
      106 W J St, Benicia, CA 94510
      View Details
    • $345,000
      845 SF

      Medical/Dental Office with Water Views

      845 SF medical/dental office with water views for sale.
      300-308 Military W, Benicia, CA
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two adjacent waterfront parcels for residential development in Benicia, CA.
    Where is this residential land & home lot located?
    The property is located at 704 W I Street Benicia, CA.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Stunning waterfront location with water views and water access; Development opportunity on the former restaurant site; Two adjacent parcels for sale
    (707) 745-3602
    We can help!
    Listing Contact
    Kathleen Olson
    Kathleen Olson
    Real Estate License ID: 00899699
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    704 W I Street, Benicia, CA 94510
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!