Functional Warehouse in Napa
For Sale
Contact for pricing
978 Kaiser Rd, Napa, CA 94558
9,800 SF industrial warehouse with secured yard in Napa.
Property Size9,800 SF
Lot Size0.50 Acres
Price / SF$275.51
Days on Market202
Property Features for 978 Kaiser Rd
General Information
Standard status
Active
Size
9,800 SF
Lot size
0.50 Acres
Property subtype
Industrial
Zoning
IL
Building Details
Year Built
1978
Listing Agency:
Lee & Associates - Walnut Creek
(650) 787-1535
Listed By:
Tanner Mandelaris · License #02224565
Source:
Crexi
Added: Feb 5
Changed: Aug 8
Last Checked: Jul 23 at 10:23AM
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.
The property at 978 Kaiser Road presents an opportunity to acquire or lease a functional industrial warehouse of approximately 9,800 square feet, situated within Napa’s primary industrial corridor. The property is located on approximately 0.5 acres and includes an estimated 10,000 square feet of secured yard area. The building features approximately 2,500 square feet of office space, four drive-in doors, a clear height ranging from 14 to 16 feet, and 200 amps of power. The warehouse is fully sprinklered, offering an efficient layout suitable for various industrial, service, and distribution purposes.
Key Highlights
- ±9,800 SF industrial warehouse in Napa’s primary industrial corridor.
- Approximately 10,000 SF of secured yard area.
- Features four drive‑in 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
$155,489
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
5.76%
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%
$3,109,780
$3.1M
Cap Rate 7%
$2,221,271
$2.2M
Cap Rate 9%
$1,727,656
$1.7M
Market Conditions
NOI Build-Up for 9,800 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
$210.5K $21.48/SF
− Vacancy
−$27.6K −$2.81/SF
EGI
$182.9K $18.67/SF
− OpEx
−$27.4K −$2.80/SF
NOI
$155.5K $15.87/SF
Area
Napa County, CA
Vacancy
13.10%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
15.00%
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%
$3,109,780
Cap Rate 7%
$2,221,271
Cap Rate 9%
$1,727,656
Alternative Uses
Best Use
Warehouse
$2.22M
$1.94M – $2.59M
NOI $155,489 @ 7.0% cap · market cap 5.76%
Second Best
Industrial
$1.83M
$1.60M – $2.13M
NOI $128,050 @ 7.0% cap · market cap 4.74%
Theoretical Best
Specialty Retail
$19.78M
$17.30M – $23.07M
NOI $1,384,316 @ 7.0% cap · market cap 51.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94558, CA
65,473
Population
27,402
Households
2.4
Avg Household Size
44
Median Age
38%
College-Educated
85%
High-School Grad
399.9 sq mi
ZIP Area
164
Density / Sq Mi
$109,444
Median Household Income
$51,955
Median Earnings
$2,248
Median Rent
$855,600
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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- Coastal Storage Facility — 831 Latour Ct, Napa, CA 94558
Frequently Asked Questions
What type of property is this?
Warehouse - 9,800 SF industrial warehouse with secured yard in Napa.
Where is this warehouse located?
The property is located at 978 Kaiser Rd Napa, CA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: ±9,800 SF industrial warehouse in Napa’s primary industrial corridor.; Approximately 10,000 SF of secured yard area.; Features four drive‑in doors.
