Fairfield Industrial Building on Large
For Sale
Contact for pricing
5054 Peabody Rd, Fairfield, CA 94533
45,350 SF industrial building on 9.88 acres in Fairfield.
Property Size45,350 SF
Lot Size9.88 Acres
Price / SF$137.82
Days on Market797
Property Features for 5054 Peabody Rd
General Information
Standard status
Active
Size
45,350 SF
Class
B
Lot size
9.88 Acres
Property subtype
Industrial
Zoning
Train Station Specific Plan Area 3
Occupancy
20%
Lease Type
NNN
Investment Type
Value Add
Building Details
Year Built
1981
Buildings
1
Stories
1
Units
3
Listing Agency:
Lee & Associates - Walnut Creek
(650) 787-1535
Listed By:
Alex Peck · License #CA 01981426
Source:
Crexi
Added: Jun 25, 2024
Changed: Aug 8
Last Checked: Aug 29 at 7:53AM
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 Lee & Associates - Walnut Creek
Investment Insights
Based on property information with market context.
Located in Fairfield, California, the property at 5054 Peabody Rd features a 45,350 SF industrial building on a 9.88-acre lot. Constructed in 1981, the building has concrete block construction and heavy power. It includes five dock-high doors and seven grade-level doors, along with a truck wash, fueling station, and a truck/equipment servicing bay. The property is positioned between the Bay Area and Sacramento, offering potential for owner-users, value-add investors, and developers. It is located minutes from I-80, I-505, and CA-12, providing access to major transportation routes. This property caters to diverse strategies, whether for consolidating operations or seeking a valuable asset with multiple leasing options and future development potential.
Key Highlights
- Large 45,350 SF industrial building on a 9.88‑acre lot.
- Strategic location between the Bay Area and Sacramento with easy access to I‑80, I‑505, and CA‑12.
- Features heavy power, five dock‑high doors, and seven grade‑level doors.
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
$518,216
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
8.29%
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%
$10,364,320
$10.4M
Cap Rate 7%
$7,403,086
$7.4M
Cap Rate 9%
$5,757,956
$5.8M
Market Conditions
NOI Build-Up for 45,350 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
$772.8K $17.04/SF
− Vacancy
−$32.5K −$0.72/SF
EGI
$740.3K $16.32/SF
− OpEx
−$222.1K −$4.90/SF
NOI
$518.2K $11.43/SF
Area
Fairfield, CA
Vacancy
4.20%
Lease Rate
$17.04 /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%
$10,364,320
Cap Rate 7%
$7,403,086
Cap Rate 9%
$5,757,956
Alternative Uses
Best Use
Warehouse
$9.41M
$8.23M – $10.98M
NOI $658,589 @ 7.0% cap · market cap 10.54%
Second Best
Industrial
$7.40M
$6.48M – $8.64M
NOI $518,216 @ 7.0% cap · market cap 8.29%
Theoretical Best
Office A
$18.46M
$16.15M – $21.54M
NOI $1,292,257 @ 7.0% cap · market cap 20.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
Explore this area
Business Placement
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 Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - 45,350 SF industrial building on 9.88 acres in Fairfield.
Where is this industrial property located?
The property is located at 5054 Peabody Rd Fairfield, CA.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: Large 45,350 SF industrial building on a 9.88‑acre lot.; Strategic location between the Bay Area and Sacramento with easy access to I‑80, I‑505, and CA‑12.; Features **heavy power**, five dock‑high doors, and seven grade‑level doors.
