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    2000-3000 Harbison Dr Vacaville, CA 95687
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    2000-3000 Harbison Dr, Vacaville, CA 95687

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    • Retail properties & Spaces
    • 406,938 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 2000-3000 Harbison Dr

    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    Vacaville Commons, located at 2000-3000 Harbison Dr, Vacaville, CA 95687, presents a compelling retail investment opportunity. This ±406,938 square foot regional power center boasts nine single-story buildings situated in the heart of Vacaville's retail corridor, just off Interstate 80 at Nut Tree Parkway and Harbison Drive. The property currently features a mix of tenants, including Target, Burlington Coat Factory, Safeway, Ross, and JoAnn Fabrics, demonstrating strong anchor tenancy. A total of 10,999 square feet of vacant space is available, with a maximum contiguous space of 4,400 square feet. The available space includes shop space, a former salon, and an improved restaurant, offering diverse possibilities for prospective tenants. The property benefits from high traffic counts due to its prime location and proximity to other national retailers. Vacaville itself is a thriving community in a rapidly growing area of California, midway between Sacramento and San Francisco, and close to Napa and Sonoma wine country. This strategic location makes it an attractive destination for both residents and travelers. The property's size and tenant mix make it an ideal investment for those seeking exposure to a robust and expanding market. The available space presents a unique opportunity to capitalize on the strong retail presence and high traffic volume of this established center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Vacaville
    County
    Solano
    State
    California
    Longitude
    -121.965
    Latitude
    38.363

    Comparable in this City

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      2,325 SF

      851 Davis St

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      851 Davis St, Vacaville, CA 95687
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      23,885 SF

      2044 Nut Tree Rd

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      2044 Nut Tree Rd, Vacaville, CA 95687
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      19,682 SF

      197 Butcher Rd

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      0.47 Acres

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    • Value Estimation by Request
      0.53 Acres

      671 Elmira Rd

      RETAIL STORES (PERSONAL SERVICES)
      671 Elmira Rd, Vacaville, CA 95687-4655
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    • Value Estimation by Request
      2.00 Acres

      1010 Helen Power Dr

      RETAIL STORES (PERSONAL SERVICES)
      1010 Helen Power Dr, Vacaville, CA 95687-3504
      View Details

    Similar Nearby for Sale

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      19,682 SF

      Vacaville Stand-Alone Building

      19,682 SF building with warehouse and ample parking.
      197 Butcher Rd, Vacaville, CA 95687
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    • $445,000
      731 SF

      Vacaville Commercial Building For Sale

      Well-maintained commercial building in a prime Vacaville location.
      151 Elmira Rd, Vacaville, CA 95687
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      Auto Repair Shop & Showrooms

      Reputable auto repair shop with showrooms in Vacaville and Dixon.
      152 Aegean Way, Vacaville, CA 95687
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      Vacant Land Ready to Build

      Vacant land ready for a 6,000 SF commercial building.
      2621 Nut Tree Rd, Vacaville, CA 95687
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      High-End Industrial Building For Sale

      17,291 SF industrial building with office and warehouse space.
      64 Union Way, Vacaville, CA 95687
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    Similar Nearby for Lease

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      1,860 SF

      Retail Space on Elmira Road

      Well-maintained retail space with high visibility and ample parking.
      179 Elmira Rd, Vacaville, CA 95687
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      2,123 SF

      Retail Space Near Interstate 80

      Retail space in high-traffic area near Interstate 80.
      2048 Nut Tree Rd, Vacaville, CA 95687
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      1,600 SF

      Retail Suites in Vacaville

      Retail suites available from 300 to 1,800 sq.ft. for rent.
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    • Contact for pricing
      1,560 SF

      Retail Suites in Growing Area

      Retail suites available in a rapidly growing, affluent area.
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      3,722 SF

      Retail Space in Vacaville Center

      Retail space available in a shopping center anchored by major retailers.
      1031-1071 Helen Power Dr, Vacaville, CA 95687
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    • Contact for pricing
      1,186 SF

      Retail Suites Available

      Retail suites available in Vacaville, anchored by major retailers.
      1001 Helen Power Dr, Vacaville, CA 95687
      View Details
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    Vacaville, CA 95687
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    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.

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    2000-3000 Harbison Dr, Vacaville, CA, 95687
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