Spacious Building in Fairfield
For Sale
$1,700,000
800 Jefferson, Fairfield, CA 94533
Versatile building near downtown Fairfield, formerly a bank and church.
Property Size8,294 SF
Price / SF$204.97
Days on Market460
Property Features for 800 Jefferson
General Information
Standard status
Active
Size
8,294 SF
Building Details
Year Built
1973
Listing Agency:
RE/MAX GOLD
(707) 326-2312
Listed By:
DENISE KIRCHUBEL · License #1393649
Source:
Corcoran
Added: May 30, 2025
Changed: Mar 16
Last Checked: Aug 31 at 12:36AM
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 RE/MAX GOLD
Investment Insights
Based on property information with market context.
A spacious building is available in Fairfield, situated adjacent to the Solano County complex of operations. The property features ample parking and a walkability score of 84 out of 100. Located one block from downtown, it is in close proximity to City Hall and the US Post Office. The building formerly housed a bank, and some of the bank amenities, including a vault, remain. Currently, the building is used as a church, but it presents opportunities for a new owner.
Key Highlights
- High walkability score (84/100) indicating convenient access to amenities.
- Ample parking, a valuable asset in a downtown location.
- Proximity to Solano County complex, City Hall, and US Post Office.
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
$141,356
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
8.32%
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%
$2,827,120
$2.8M
Cap Rate 7%
$2,019,371
$2.0M
Cap Rate 9%
$1,570,622
$1.6M
Market Conditions
NOI Build-Up for 8,294 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
$216.0K $26.04/SF
− Vacancy
−$14.0K −$1.69/SF
EGI
$201.9K $24.35/SF
− OpEx
−$60.6K −$7.30/SF
NOI
$141.4K $17.04/SF
Area
Fairfield, CA
Vacancy
6.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
30.00%
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%
$2,827,120
Cap Rate 7%
$2,019,371
Cap Rate 9%
$1,570,622
Alternative Uses
Best Use
Specialty Retail
$2.34M
$2.05M – $2.73M
NOI $163,838 @ 7.0% cap · market cap 9.64%
Second Best
Retail
$2.02M
$1.77M – $2.36M
NOI $141,356 @ 7.0% cap · market cap 8.32%
Theoretical Best
Office A
$3.38M
$2.95M – $3.94M
NOI $236,339 @ 7.0% cap · market cap 13.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,869
Businesses Nearby
16k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 92%
Dining 8%
Wells Fargo
Shops & Services
10,976 visits/mo
0.3 miles
Chevron
Shops & Services
3,090 visits/mo
0.5 miles
Guadalajara
Dining
1,249 visits/mo
0.2 miles
CARSTAR Body Best Collision of Suisun
Shops & Services
399 visits/mo
0.5 miles
AAMCO Transmissions
Shops & Services
274 visits/mo
0.3 miles
Demographics for 94533, CA
77,380
Population
25,539
Households
3
Avg Household Size
36
Median Age
20%
College-Educated
83%
High-School Grad
22.5 sq mi
ZIP Area
3,439
Density / Sq Mi
$85,990
Median Household Income
$41,466
Median Earnings
$1,980
Median Rent
$497,300
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?
Church & religious facility - Versatile building near downtown Fairfield, formerly a bank and church.
Where is this church & religious facility located?
The property is located at 800 Jefferson Fairfield, CA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: High walkability score (84/100) indicating convenient access to amenities.; Ample parking, a valuable asset in a downtown location.; Proximity to Solano County complex, City Hall, and US Post Office.
