Napa Office Building For
For Sale
Contact for pricing
753 Jefferson St., Napa, CA 94559
Iconic office building in Napa with on-site parking.
Property Size2,077 SF
Lot Size0.15 Acres
Price / SF$662.01
Days on Market680
Property Features for 753 Jefferson St.
General Information
Standard status
Active
Size
2,077 SF
Lot size
0.15 Acres
Property subtype
Office
Listing Agency:
Coldwell Banker Brokers of the Valley
(707) 224-8454
Listed By:
Michael Moffett · License #00946472
Source:
Crexi
Added: Oct 16, 2024
Changed: Aug 22
Last Checked: Aug 26 at 1:25AM
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 Coldwell Banker Brokers of the Valley
Investment Insights
Based on property information with market context.
An iconic office building is available for sale in Napa. Constructed in 1902 by Luther Turton, the building has been owned by the current owner since 1980 and is on its third owner. The building has an area of approximately 2,077 square feet, situated on a lot of approximately 6,745 square feet, according to the owner. The main floor features tile throughout, with most simulating wood, and 5-foot wainscotting in the hallway and former dining room. The property includes a fully functioning kitchen and two bathrooms. A basement with a sump pump is used for storage. The electrical system was updated in 2011. The property is equipped with a Bay Alarm system. There are 4 on-site parking spaces. The fireplace is capped. The outside shingles were stained in 2024.
Key Highlights
- Iconic office building in Napa.
- Benefit from 4 on‑site parking spaces.
- Includes a fully functioning kitchen and two bathrooms.
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
$42,578
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
3.10%
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%
$851,560
$851.6K
Cap Rate 7%
$608,257
$608.3K
Cap Rate 9%
$473,089
$473.1K
Market Conditions
NOI Build-Up for 2,077 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
$79.8K $38.40/SF
− Vacancy
−$23.0K −$11.07/SF
EGI
$56.8K $27.33/SF
− OpEx
−$14.2K −$6.83/SF
NOI
$42.6K $20.50/SF
Area
Napa County, CA
Vacancy
28.82%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
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%
$851,560
Cap Rate 7%
$608,257
Cap Rate 9%
$473,089
Alternative Uses
Best Use
Office B
$608.3K
$532.2K – $709.6K
NOI $42,578 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.19M
$3.67M – $4.89M
NOI $293,390 @ 7.0% cap · market cap 21.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Iconic office building in Napa with on-site parking.
Where is this office building located?
The property is located at 753 Jefferson St. Napa, CA.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Iconic office building in Napa.; Benefit from 4 on‑site parking spaces.; Includes a fully functioning kitchen and two bathrooms.
