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519 Capitol St Vallejo, CA 94590

Sponsored
For Sale
$985,000

Downtown Vallejo Office, High NOI

Property size:
6,000 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This three-story, 6,000 square foot office building in Vallejo, CA, presents a compelling investment opportunity. Located in the heart of downtown, this multi-tenant property boasts 100% occupancy with three tenants across four units, generating a current NOI of $54,715 and a 5.55% cap rate. The pro-forma NOI is projected at $91,552, resulting in a 9.29% pro-forma cap rate. Built in 1963, the Class B building sits on a 0.07-acre lot (APN 0056-164-020) and features 5,280 square feet of net rentable space, priced at $164.17 per square foot. The property's strategic location offers easy access to major transportation arteries, including Interstates 80 and 780, State Route 37, and State Route 29, providing convenient connections to Napa, Sonoma, and San Francisco. Its prime downtown location places it within walking distance of the Napa River Waterfront, Vallejo City Hall, the Vallejo-San Francisco Ferry, and several parks and recreational facilities. The permitted zoning is DMX-Downtown Mixed Use. This stabilized investment offers a strong return and significant upside potential in a thriving urban environment. The building is situated in a vibrant, pedestrian-friendly neighborhood that seamlessly blends downtown with the waterfront, offering proximity to retail shops, restaurants, and community parks.

Property Features for 519 Capitol St

General Information

Property type
Office Properties & Spaces
Square Feet
6,000 SF
Class
B
Lot Size
3,049 SF

Building Details

Year Built
1963
Buildings
1
Stories
3
Units
4

HighLights

  • Three‑story, 6,000 square foot office building in downtown Vallejo, CA.
  • 100% occupied multi‑tenant property with a current NOI of $54,715 and a 5.55% cap rate; pro‑forma NOI projected at $91,552 (9.29% cap rate).
  • 5,280 square feet of net rentable space, priced at $164.17 per square foot, situated on a 0.07‑acre lot (APN 0056‑164‑020).
  • Excellent access to Interstates 80 and 780, State Route 37, and State Route 29, providing easy commutes to Napa, Sonoma, and San Francisco.
  • Prime downtown location near the Napa River Waterfront, Vallejo City Hall, the Vallejo‑San Francisco Ferry, and various parks. DMX‑Downtown Mixed Use zoning.
Property Profile Location Intelligence

Current Use by Public Records

First Priority Atm The Suite by: Phia ... Hair Salon

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Vallejo
County
Solano
State
California
Longitude
-122.25593405576
Latitude
38.103093246027

FAQs

What type of property is this?
Office Property / Space - Downtown Vallejo Office, High NOI
Where is this office property / space located?
The property is located at 519 Capitol St Vallejo, CA.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: Three-story, 6,000 square foot office building in downtown Vallejo, CA.; 100% occupied multi-tenant property with a current NOI of $54,715 and a 5.55% cap rate; pro-forma NOI projected at $91,552 (9.29% cap rate).; 5,280 square feet of net rentable space, priced at $164.17 per square foot, situated on a 0.07-acre lot (APN 0056-164-020).
More about this property
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