Ground-Floor Office
New
For Sale
$385,000
940 Adams Street, Benicia, CA 94510
Commercial Sale, Benicia, CA
Property Size1,033 SF
Lot Size0.01 Acres
Price / SF$372.70
Days on Market2
Property Features for 940 Adams Street
General Information
Property type
Commercial Sale
Property subtype
Office
Window features
Window Coverings
Subdivision
Benicia 3
Standard status
Active
APN
0080411090
Lot size
0.01 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1986
Floors in Building
1
Flooring type
Carpet
Building materials
Stucco
Roof type
Tar/Gravel, Flat
Listing Agency:
Olson Realty, Inc
(707) 745-3602
Listed By:
Glen Quintos
(707) 246-6020
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 7:06PM
MLS# 326087853
Copyright © 2026 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Two ground-floor office condominiums, Suites 7B and 8, are offered together as one workspace measuring approximately 1,033 square feet. The interior combines open work areas with private offices, and west-facing windows bring afternoon light into the space. The suites sit near the building’s rear entrance.
The building includes professional businesses such as architecture, law, insurance, and real estate firms. Constructed in 1986, the property has stucco exterior walls, carpet flooring, central heating and central air conditioning, and public water and sewer service.
The building includes professional businesses such as architecture, law, insurance, and real estate firms. Constructed in 1986, the property has stucco exterior walls, carpet flooring, central heating and central air conditioning, and public water and sewer service.
Key Highlights
- Two office condominium suites offered together: Suites 7B and 8
- Approximately 1,033 square feet of combined office space
- 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.
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Property Analytics
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Open Analytics
Current Use
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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Two adjoining suites combine open work areas and private offices in a professional business setting.
Where is this office unit located?
The property is located at 940 Adams Street 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 condominium suites offered together: Suites 7B and 8; Approximately 1,033 square feet of combined office space; Ground‑floor position near the building’s rear entrance
