Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    541-553 Admiral Callaghan Ln Vallejo, CA 94591
    Back to Search
    Property profile & analytics

    541-553 Admiral Callaghan Ln, Vallejo, CA 94591

    View on Map
    • Apartment buildings
    • 6,600 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 541-553 Admiral Callaghan Ln

    Year built
    1960
    Property type
    Apartment buildings

    Description

    This exceptional six-unit multifamily investment property, located at 541-553 Admiral Callaghan Lane in Vallejo, California, presents a compelling opportunity. The property, situated on two contiguous parcels totaling 12,918 square feet, comprises four two-bedroom, one-bathroom apartments and two two-bedroom, one-and-a-half-bathroom townhouses. All units are currently leased at near-market rates, generating a substantial net operating income (NOI) of $106,514 (with a pro-forma NOI of $108,725). The property boasts a 6,600 square foot building constructed in 1960, featuring a recently replaced roof (within the last ten years). Each unit includes in-unit laundry, private yards, and tankless water heaters. Select units have undergone recent upgrades, including new flooring, paint, bathrooms, and kitchens. Six on-site parking spaces provide ample accommodation for residents. The property's location offers convenient access to Interstate 80 and the amenities of downtown Vallejo. The asking price is $1,799,000, representing a compelling cap rate of 5.92% (pro-forma 6.04%) and a price per square foot of $272.58. The property is zoned for Residential Medium Density and offers a strong return on investment in a thriving rental market. This stabilized investment is priced below replacement cost, making it an attractive opportunity for discerning investors. The property's strong in-place income, combined with its desirable location and recent upgrades, makes it an ideal addition to any portfolio.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Vallejo
    County
    Solano
    State
    California
    Longitude
    -122.23
    Latitude
    38.1191

    Comparable in this City

    • Value Estimation
      $625,000
      5.29 Acres

      2500 Spgs Rd

      MOBILE HOME PARK, TRAILER PARK
      2500 Spgs Rd, Vallejo, CA 94591-5670
      View Details
    • Value Estimation by Request
      576 SF

      1300 Lincoln E Rd

      MOBILE HOME PARK, TRAILER PARK
      1300 Lincoln E Rd, Vallejo, CA 94591-5497
      View Details
    • Value Estimation by Request
      1,751 SF

      433 Admiral Callaghan Ln

      MOBILE HOME PARK, TRAILER PARK
      433 Admiral Callaghan Ln, Vallejo, CA 94591-3679
      View Details
    • Value Estimation by Request
      0.41 Acres

      Sequoia Ave

      Mixed-use properties
      0 Sequoia Ave, Vallejo, CA 94591
      View Details
    • Value Estimation by Request
      0.15 Acres

      Carolina St

      Land
      0 Carolina St, Vallejo, CA 94591
      View Details
    • Value Estimation by Request
      1.93 Acres

      1197 Benicia Rd

      Land
      1197 Benicia Rd, Vallejo, CA 94591
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,208 SF

      Vallejo 8-Unit Townhome Apartments

      Remodeled 8-unit townhome complex in East Vallejo.
      102-116 Avian Dr, Vallejo, CA 94591
      View Details
    • $2,100,000

      East Vallejo Multifamily Investment Opportunity

      Professionally managed 8-unit apartment complex in desirable Granada Hills.
      102 Avian Dr, Vallejo, CA 94591
      View Details
    • Contact for pricing
      8,208 SF

      East Vallejo 8-Unit Apartment Complex

      Professionally managed 8-unit apartment complex in the heart of East Vallejo.
      102 Avian Dr, Vallejo, CA 94591
      View Details
    • $949,000

      Vallejo Manor Fourplex Investment

      Well-maintained, fully occupied fourplex in Vallejo Manor neighborhood.
      200 Westwood St, Vallejo, CA 94591
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space with Rent Abatement

      Commercial space available for rent with six months rent abatement.
      2621-2661 Springs Rd, Vallejo, CA 94591
      View Details
    • Contact for pricing
      3,427 SF

      Professional Office Space For Lease

      Office spaces for lease with excellent views near I-80.
      155 Glen Cove Marina Rd E, Vallejo, CA 94591
      View Details
    • Contact for pricing
      1,078 SF

      Retail Space in Safeway Center

      Retail space available in high-volume, Safeway-anchored shopping center.
      114 Robles Way, Vallejo, CA 94591
      View Details
    • Contact for pricing
      1,425 SF

      Retail Space in Safeway Center

      Retail space available in high-volume, Safeway-anchored shopping center.
      170 Robles Way, Vallejo, CA 94591
      View Details
    • $1.75 SF/Yr

      Walgreens-Anchored Shopping Center Space Available

      Retail and restaurant spaces available in a Walgreens-anchored shopping center.
      2621-2661 Springs Rd, Vallejo, CA 94591
      View Details
    • Contact for pricing
      881 SF

      Professional Office Space For Lease

      Office spaces for lease near I-80 & I-780.
      150 Glen Cove Marina Rd, Vallejo, CA 94591
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    541-553 Admiral Callaghan Ln
    Vallejo, CA 94591
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    541-553 Admiral Callaghan Ln, Vallejo, CA, 94591
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!