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    Multi-Tenant Office and Restaurant Center Title is generated by Realmo AI

    840-860 Tuolumne Street, Vallejo, CA 94590

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    For Sale
    $895,000

    Fully leased office and restaurant tenants with long-term leases in a centrally located Vallejo center.

    Type:Commercial Sale / Mixed Use
    Property size:
    8,545 SF
    Price / SF:
    $104/SF
    Added:
    May 30, 2026
    Days on Market:
    8
    Last Refresh:
    Jun 6 at 3:48 am

    Property Features for 840-860 Tuolumne Street

    General Information

    Standard status
    Active
    Size
    8,545 SF
    Property subtype
    Commercial Sale / Mixed Use

    Building Details

    Year Built
    1964

    We can help!

    Listing Contact
    David Tipp

    Listing agent David Tipp License #00624152

    Listing office Tipp Realty at Glen Cove

    Listing date May 30, 2026

    Source Compass

    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 Tipp Realty at Glen Cove

    HighLights

    • Fully leased Vallejo center with long‑term office and restaurant tenants
    • Significant updates completed in 2004
    • Year built 1964; 1‑story commercial building with flat roof
    • Central heating and cooling plus evaporative cooler; flooring includes carpet, vinyl, and concrete slab
    • Seller reports self‑managed potential around a 5.6 cap rate (buyer to verify cap rate, yield, and other details)

    Overview

    This well-maintained, central Vallejo multi-tenant center is currently fully leased with long-term office and restaurant tenants. The property has been self-managed and includes updates completed in 2004. The offering is intended for buyers who will operate with care for the existing tenancy; please do not disturb tenants or enter occupied spaces.

    The asset is located at 840–860 Tuolumne Street in Vallejo, CA. With multiple long-term tenants already in place, the building presents an income-producing structure aligned with office and restaurant uses. Interested parties should coordinate through the appropriate channels, as cap rate, yield, square footage, and other financial metrics are to be computed and confirmed by the buyer or their broker.

    For an owner-operator or investor seeking a mixed office and restaurant configuration, the current lease structure may support a straightforward management approach centered on preserving tenant continuity. The seller will also consider financing in the form of a first mortgage for qualified purchasers, subject to buyer and lender review. Buyers should perform their own due diligence on financials, expenses, and leasing terms prior to closing.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Vallejo
    County
    Solano
    State
    California
    Longitude
    -122.2377223
    Latitude
    38.1084647

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    FAQs

    What type of property is this?
    Office units - Fully leased office and restaurant tenants with long-term leases in a centrally located Vallejo center.
    Where is this office units located?
    The property is located at 840-860 Tuolumne Street Vallejo, CA.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: Fully leased Vallejo center with long‑term office and restaurant tenants; Significant updates completed in 2004; Year built 1964; 1‑story commercial building with flat roof
    (707) 280-6733
    We can help!
    Listing Contact
    David Tipp
    Real Estate License ID: 00624152
    Learn More
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    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.

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    840-860 Tuolumne Street, Vallejo, CA 94590
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