Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    48 Tennessee St Vallejo, CA 94590

    • Investment properties
    • 0.13 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Firecode Safety Equipment & Inspection / Security Service

    Property Details for 48 Tennessee St

    Year built
    1937
    Lot size
    0.13 lot acres
    Property type
    Investment properties

    Description

    This exceptional commercial property located at 48 Tennessee Street in Vallejo, California, presents a unique investment opportunity. Situated on a 0.13-acre lot, the building offers significant potential for a variety of uses. Its classic design and ample space make it perfect for establishing a new business venture or utilizing it as a large-scale storage facility. A key advantage is the inclusion of off-street parking, a highly sought-after feature for many businesses, and a convenient roll-up door for easy loading and unloading. The property's location within an Opportunity Zone presents a compelling incentive for investors, offering potential tax advantages. Further details regarding these tax benefits can be found on the government website. The asking price for this property is $699,000. Seller financing may be available, making this an even more attractive proposition for qualified buyers. This is a rare chance to acquire a versatile commercial property in a desirable location with significant upside potential. Serious inquiries are encouraged to explore this exciting opportunity further. The square footage of the building is not currently available.

    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
    -122.262
    Latitude
    38.1104

    Comparable in this City

    • Value Estimation by Request
      0.15 Acres

      125 10th St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.15 Acres
      125 10th St, Vallejo, CA 94590-4337
      View Details
    • Value Estimation by Request
      0.30 Acres

      200 Tennessee St

      Investment properties • 0.30 Acres
      200 Tennessee St, Vallejo, CA 94590
      View Details
    • Value Estimation by Request
      3,433 SF

      2724 Sonoma Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,433 SF
      2724 Sonoma Blvd, Vallejo, CA 94590-4423
      View Details
    • Value Estimation by Request
      3,671 SF

      618 Tuolumne St, Unit A

      OFFICE/RESIDENTIAL (MIXED USE) • 3,671 SF
      618 Tuolumne St, Vallejo, CA 94590-5376
      View Details
    • Value Estimation
      $500,000
      0.08 Acres

      1509 Marin St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.08 Acres
      1509 Marin St, Vallejo, CA 94590-4434
      View Details
    • Value Estimation
      $525,000
      4,896 SF

      928 Marin St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,896 SF
      928 Marin St, Vallejo, CA 94590-5432
      View Details

    Similar Nearby for Sale

    • $400,000
      0.04 Acres

      Vallejo Retail & Psychic Business

      Established Business, Turnkey Opportunity
      345 Georgia St, Vallejo, CA 94590
      View Details
    • $998,000
      4,110 SF

      539-543 Georgia St

      5 Unit Mixed-Use Property in Vallejo
      539-543 Georgia St, Vallejo, CA 94590
      View Details
    • Contact for pricing
      2,900 SF

      Downtown Retail Condominiums with Basement

      Two renovated commercial condominiums in historic building with high-traffic location.
      444 Georgia St, Vallejo, CA 94590
      View Details
    • Contact for pricing
      3,000 SF

      Vallejo Commercial Condominiums For Sale

      Two adjoining commercial condominiums in a heritage building, renovated in 2022.
      1709 Sonoma Blvd, Vallejo, CA 94590
      View Details
    • $880,000
      0.17 Acres

      Vallejo Waterfront Industrial Property

      Auto Repair Facility, Prime Location, High Potential
      1007 Branciforte St, Vallejo, CA 94590
      View Details
    • $170,000
      0.15 Acres

      Residential Lot in Vallejo, CA

      Spacious corner lot in Vallejo, ready for immediate residential development.
      908 Kentucky St, Vallejo, CA 94590
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Retail Space in Vallejo, CA

      Retail space available for lease in Vallejo, California.
      400-408 Georgia St, Vallejo, CA 94590
      View Details
    • Contact for pricing
      17,400 SF

      Retail Space with Drive-Through

      17,400 SF retail space with existing pharmacy and drive-through.
      2001 Solano Ave, Vallejo, CA 94590
      View Details
    • Contact for pricing
      2,617 SF

      Retail Space in Vallejo Center

      Retail space available in a busy Vallejo shopping center.
      3325-3555 Sonoma Blvd, Vallejo, CA 94590
      View Details
    • Contact for pricing
      3,500 SF

      Vallejo Retail Space For Rent

      Retail space available in a high-traffic Vallejo location.
      3595 Sonoma Blvd, Vallejo, CA 94590
      View Details
    • Contact for pricing
      1,408 SF

      Retail Space in Vallejo, CA

      Retail space available for lease in Vallejo, California.
      419 Georgia St, Vallejo, CA 94590
      View Details
    • Contact for pricing
      67,470 SF

      American Canyon Industrial Space

      Industrial property available for rent in American Canyon, California.
      665 Broadway St, American Canyon, CA 94590
      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.
    48 Tennessee St
    Vallejo, CA 94590
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!