519 Capitol St Vallejo, CA 94590-6002

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.