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    1416 Tennessee St Vallejo, CA 94590

    Sponsored
    For Lease
    $14 SF/Yr ($1,500 /Mo)

    1240 sq ft Office Space Available

    Lot size:
    1,240 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    404
    This exceptional executive office suite, located at 1416 Tennessee Street #6 in Vallejo, California, offers 1,240 square feet of versatile space. The suite is currently vacant and ready for immediate occupancy. Ideal for a variety of businesses, this property features multiple offices and rooms, providing ample space for individual work or team collaboration. The suite includes the convenience of private restrooms, enhancing privacy and comfort. Access is facilitated by a common hallway, and the property boasts convenient parking situated directly beneath the office space at street level. The building is situated on a busy street, ensuring high visibility and accessibility for clients and employees. The property sits on a 0.17-acre lot within Solano County, offering a prime location in Vallejo, CA 94590. This is a multiple tenancy building with a total of 1,240 square feet. The property type is classified as an office, specifically an executive office suite. This presents a unique opportunity to establish a professional presence in a desirable location. The property's strategic placement and comprehensive amenities make it an attractive option for businesses seeking a well-equipped and conveniently located workspace. Contact us today to schedule a viewing.

    Property Features for 1416 Tennessee St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,240 SF
    Total Rate
    1500.4

    Unit(s) available at that property

    Space
    Suite Available
    Size
    1,240 SF
    Rate per SF
    $14

    We can help!

    Listing Contact
    Peppino Messina
    Peppino Messina

    Learn more

    Property Profile Location Intelligence

    Current Use by Public Records

    Wofukey Corporation Records Storage Facility Acupuncture Clinic of Vallejo Acupuncture Clinic Glorious Wax Pot Waxing Hair Removal Service First Choice Training ... School Douglas Smith Alternative Alternative Medicine Practitioner

    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
    -122.2407101
    Latitude
    38.1100814

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    FAQs

    What type of property is this?
    Office Property / Space - 1240 sq ft Office Space Available
    Where is this office property / space located?
    The property is located at 1416 Tennessee St Vallejo, CA.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    Request Owner's contact information
    1416 Tennessee St Vallejo, CA 94590
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    Vallejo, CA 94590
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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.

    More about this property
    1416 Tennessee St Vallejo, CA 94590
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    We can help!
    Listing Contact
    Peppino Messina
    Peppino Messina
    Real Estate License ID: CA 01484067
    Learn more
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