Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    306-308 Military Benicia, CA 94510

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    306-308 Military Benicia, CA 94510

    View on Map
    • Office properties & Spaces
    • 1,627 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 306-308 Military

    Property size
    1,627 SF
    Property type
    Office properties & Spaces

    Description

    This exceptional Class B office condo, located at 306-308 Military West in Benicia, CA 94510, presents a unique investment opportunity. Spanning approximately 1,627 square feet on the entire second floor, this property features four units, currently configured as a dental office, and is offered at $720,000. The space includes three private offices, a large open area, an x-ray room, and dedicated storage/lab space. Extensive plumbing is already in place. Two of the four units (APN: 0087-612-010, 0087-612-020) are being sold together, and the condos can be purchased separately. Enjoy a 360-degree walk-around balcony offering panoramic water views and a serene setting. Ample parking is available. Currently occupied month-to-month, please do not disturb the tenant. This property is a NNN lease type. The Solano County location provides easy access to major transportation routes. This is an ideal opportunity for an owner-user or investor seeking a high-quality, well-appointed office space with breathtaking views.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Benicia
    County
    Solano
    State
    California
    Longitude
    -122.16
    Latitude
    38.0557

    Comparable in this City

    • Value Estimation by Request
      782 SF

      306 Military

      Office properties & Spaces • 782 SF
      306 Military, Benicia, CA 94510
      View Details
    • Value Estimation by Request
      845 SF

      306 Military

      Office properties & Spaces • 845 SF
      306 Military, Benicia, CA 94510
      View Details
    • Value Estimation by Request
      1,627 SF

      306-308 Military

      Office properties & Spaces • 1,627 SF
      306-308 Military, Benicia, CA 94510
      View Details
    • Value Estimation by Request
      0.43 Acres

      827 1st St

      MEDICAL BUILDING • 0.43 Acres
      827 1st St, Benicia, CA 94510-3201
      View Details
    • Value Estimation
      $1,650,000
      5,152 SF

      1208 5th St

      MEDICAL BUILDING • 5,152 SF
      1208 5th St, Benicia, CA 94510-3502
      View Details
    • Value Estimation by Request
      437 SF

      940 Adams St, Unit 9

      MEDICAL BUILDING • 437 SF
      940 Adams St, Benicia, CA 94510-2976
      View Details

    Similar Nearby for Sale

    • $345,000
      845 SF

      Medical/Dental Office with Water Views

      845 SF medical/dental office with water views for sale.
      300-308 Military W, Benicia, CA 94510
      View Details
    • Contact for pricing
      3,400 SF

      Mixed-Use Property with Secured Yard

      Mixed-use property featuring shop space and secured yard.
      640 E G St, Benicia, CA 94510
      View Details
    • $1,700,000
      8,820 SF

      Versatile Historic Building in Downtown Benicia

      Mixed-use building with retail storefronts and customizable upper level.
      106 W J St, Benicia, CA 94510
      View Details
    • $620,000

      Benicia Office Condo For Sale

      Professional office condo with water views available for purchase.
      306-308 Military West, Benicia, CA 94510
      View Details
    • $620,000

      Benicia Office Condo with Views

      Professional office condo with water views and ample parking.
      306-308 Military West, Benicia, CA 94510
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space for Lease

      Office space available for lease in Benicia, California.
      1100 Rose Dr, Benicia, CA 94510
      View Details
    • $28 SF/Yr
      1,627 SF

      Benicia Executive Office Suites

      Prime Benicia Office Space Available
      306-308 Military, Benicia, CA 94510
      View Details
    • Contact for pricing
      6,623 SF

      Benicia Office and Retail Space

      Office and retail spaces available for rent in Benicia, CA.
      4072 Teal Ct, Benicia, CA 94510
      View Details
    • $2 SF/Yr

      Medical/Office Space with High-End Finishes

      Medical/office space with easy access to I-780.
      1100 Rose Dr, Benicia, CA 94510
      View Details
    • Contact for pricing

      Versatile Flex Space Near Station

      Adaptable office/warehouse/light assembly space with parking and convenient location.
      4453- Park Rd, Benicia, CA 94510
      View Details
    • Contact for pricing
      6,200 SF

      Industrial Space in Benicia

      6,200 SF industrial space with loading docks.
      3200 Bayshore Rd, Benicia, CA 94510
      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.
    306-308 Military
    Benicia, CA 94510
    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!