Ground-Floor Office
New
For Sale
$385,000
940 Adams #8, Benicia, CA 94510
Two connected suites combine open work area and private offices in a professional business setting.
Property Size1,033 SF
Price / SF$372.70
Days on Market6
Property Features for 940 Adams #8
General Information
Standard status
Active
Size
1,033 SF
Property subtype
Commercial
Additional Details
Floor
Ground Floor
Office Units
2
Property Use
Professional Office
Amenities
Central air
Carpet Flooring
Central Cooling
Central Heating
Flat Roof
Tar/Gravel Roof
Building Details
Year Built
1986
Listing Agency:
OLSON REALTY, INC
7453602
Listed By:
GLEN QUINTOS · License #00879253
(707) 246-6020
Source:
Corcoran
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 24 at 5:39PM
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 OLSON REALTY, INC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suites 7B and 8 are ground-floor office condominiums offered together, with approximately 1,033 square feet of space. The interior combines an open work area with private offices, and windows facing west bring in afternoon light. The building was constructed in 1986, and access is near its rear entrance.
The property is at 940 Adams St in Benicia. Other occupants in the building include architects, attorneys, insurance agencies, and real estate firms. The property has a Walk Score of 61 and a Bike Score of 43.
The property is at 940 Adams St in Benicia. Other occupants in the building include architects, attorneys, insurance agencies, and real estate firms. The property has a Walk Score of 61 and a Bike Score of 43.
Key Highlights
- Two office condominiums, Suites 7B and 8, offered together
- Approximately 1,033 square feet
- Ground‑floor position near the building’s rear entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,283
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,660
$345.7K
Cap Rate 7%
$246,900
$246.9K
Cap Rate 9%
$192,033
$192.0K
Market Conditions
NOI Build-Up for 1,033 SF
Gross rent
$27.3K $26.40/SF
− Vacancy
−$4.2K −$4.09/SF
EGI
$23.0K $22.31/SF
− OpEx
−$5.8K −$5.58/SF
NOI
$17.3K $16.73/SF
Area
Solano County, CA
Vacancy
15.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,660
Cap Rate 7%
$246,900
Cap Rate 9%
$192,033
Alternative Uses
Best Use
Office B
$246.9K
$216.0K – $288.1K
NOI $17,283 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$344.7K
$301.6K – $402.2K
NOI $24,130 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
Explore this area
Business Placement
Demographics for 94510, CA
27,174
Population
11,463
Households
2.4
Avg Household Size
46
Median Age
46%
College-Educated
96%
High-School Grad
29.2 sq mi
ZIP Area
931
Density / Sq Mi
$125,222
Median Household Income
$70,569
Median Earnings
$2,234
Median Rent
$778,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Two connected suites combine open work area and private offices in a professional business setting.
Where is this office unit located?
The property is located at 940 Adams #8 Benicia, CA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two office condominiums, Suites 7B and 8, offered together; Approximately 1,033 square feet; Ground‑floor position near the building’s rear entrance
