Two-Unit Ground-Floor
New
For Sale
$385,000
8-940 Adams St, Benicia, CA 94510
West-facing windows add afternoon daylight to a flexible workspace with open areas and private offices.
Property Size1,033 SF
Price / SF$372.70
Days on Market6
Property Features for 8-940 Adams St
General Information
Standard status
Active
Size
1,033 SF
Additional Details
Floor
Ground Floor
Office Units
2
Property Use
Office
Amenities
natural light
Building Details
Tenancy
Multi
Listing Agency:
Olson Realty, Inc
(707) 745-3602
Listed By:
Glen Quintos · License #00879253
2466020
Source:
Exprealty
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 24 at 10:51PM
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 Olson Realty, Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suites 7B and 8 are being offered together as two ground-floor office condominiums totaling approximately 1,033 square feet. The interior combines open workspace with private offices, and west-facing windows bring afternoon light into the space. The units are near the building’s rear entrance at 8-940 Adams St in Benicia, California.
The building includes professional service businesses such as architects, attorneys, insurance agencies, and real estate firms.
The building includes professional service businesses such as architects, attorneys, insurance agencies, and real estate firms.
Key Highlights
- Two office condominiums, Suites 7B and 8, offered together
- Approximately 1,033 square feet of office space
- Ground‑floor location near the building’s rear entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,283
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,660
$345.7K
Cap Rate 7%
$246,900
$246.9K
Cap Rate 9%
$192,033
$192.0K
Market Conditions
NOI Build-Up for 1,033 SF
Gross rent
$27.3K $26.40/SF
− Vacancy
−$4.2K −$4.09/SF
EGI
$23.0K $22.31/SF
− OpEx
−$5.8K −$5.58/SF
NOI
$17.3K $16.73/SF
Area
Solano County, CA
Vacancy
15.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,660
Cap Rate 7%
$246,900
Cap Rate 9%
$192,033
Alternative Uses
Best Use
Office B
$246.9K
$216.0K – $288.1K
NOI $17,283 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$344.7K
$301.6K – $402.2K
NOI $24,130 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
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
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - West-facing windows add afternoon daylight to a flexible workspace with open areas and private offices.
Where is this office unit located?
The property is located at 8-940 Adams St Benicia, CA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two office condominiums, Suites 7B and 8, offered together; Approximately 1,033 square feet of office space; Ground‑floor location near the building’s rear entrance
