Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    205-207 Alaska Ave Fairfield, CA 94533
    Property profile & analytics

    205-207 Alaska Ave, Fairfield, CA 94533

    View on Map
    • Apartment buildings
    • 5,696 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 205-207 Alaska Ave

    Year built
    1965
    Property type
    Apartment buildings

    Description

    This exceptional investment opportunity presents an eight-unit apartment building located at 205-207 Alaska Ave, Fairfield, CA 94533. Priced at $1,700,000, this property boasts a strong 5.24% cap rate and a pro-forma cap rate of 5.85%, generating a net operating income (NOI) of $90,077. The building comprises two structures, each housing four two-bedroom, one-bathroom units, totaling 5,696 square feet. Each unit features approximately 712 rentable square feet, with tile bathrooms and kitchens, tiled entryways, newer carpet and paint, and individual hot water heaters. Gas and electricity are separately metered for each unit. The exterior showcases stucco and pitched composite roofs. This property benefits from its convenient location near shopping, restaurants, and major transportation arteries, including Highway I-80 and I-680. The price per unit is $212,500, making this a compelling investment in a desirable Solano County location. The property's strong financials and desirable features make it an attractive opportunity for investors seeking a stable and profitable multifamily asset. All figures provided are actual numbers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Solano
    State
    California
    Longitude
    -122.036
    Latitude
    38.2723

    Comparable in this City

    • Value Estimation by Request
      3,840 SF

      424 San Marco St

      Multifamily properties
      424 San Marco St, Fairfield, CA 94533
      View Details
    • Value Estimation by Request
      31.71 Acres

      1800 Tabor Ave

      MOBILE HOME PARK, TRAILER PARK
      1800 Tabor Ave, Fairfield, CA 94533-2856
      View Details
    • Value Estimation by Request
      737 SF

      4549 Olive Ave

      MOBILE HOME PARK, TRAILER PARK
      4549 Olive Ave, Fairfield, CA 94533-6622
      View Details
    • Value Estimation by Request
      1.95 Acres

      4535 Olive Ave

      MOBILE HOME PARK, TRAILER PARK
      4535 Olive Ave, Fairfield, CA 94533-6673
      View Details
    • Value Estimation
      $905,000
      2,970 SF

      300 Pacific Ave

      MOBILE HOME PARK, TRAILER PARK
      300 Pacific Ave, Fairfield, CA 94533-7416
      View Details
    • Value Estimation
      $695,000
      2,970 SF

      Fairfield, CA 94533

      MOBILE HOME PARK, TRAILER PARK
      Fairfield, CA 94533
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,536 SF

      Fairfield Multifamily Property with Carports

      Eight-unit multifamily property in Fairfield with ample parking and amenities.
      1217 Dana Dr, Fairfield, CA 94533
      View Details
    • $4,250,000

      Woolner Place Apartments Investment Opportunity

      Mixed-use property with residential units and NNN-leased preschool.
      1406 Woolner Ave, Fairfield, CA 94533
      View Details
    • $950,000
      2,960 SF

      Updated Fairfield Quadruplex Investment Property

      Fully updated investment property with expansion potential in Fairfield, CA.
      1712 Arthur Ct, Fairfield, CA 94533
      View Details
    • $22,000,000
      29,006 SF

      Fairfield VW Auto Dealership

      High-yield NNN lease, prime location.
      2855 Auto Mall Pkwy, Fairfield, CA 94533
      View Details
    • $790,000

      Fairfield Light Industrial Corner Lot

      Corner lot with approved plans for 13,000 SF warehouse.
      2600 Industrial Ct, Fairfield, CA 94533
      View Details
    • Contact for pricing
      21,013 SF

      Fairfield Automotive Property For Sale

      21,013 SF automotive property in an affluent area.
      1950 Walters Ct, Fairfield, CA 94533
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      45,350 SF

      Peabody Road Industrial Warehouse

      9.88-acre warehouse, 45,350 sqft
      5054 Peabody Rd, Fairfield, CA 94533
      View Details
    • Contact for pricing

      Fairfield Warehouse with Yard Potential

      100,460 SF warehouse for lease with expansion possibilities.
      2345 S Watney Way, Fairfield, CA 94533
      View Details
    • Contact for pricing
      65,179 SF

      Fairfield Manufacturing Space with Cranes

      65,179 SF manufacturing space with cranes and office.
      2100 Huntington Dr, Fairfield, CA 94533
      View Details
    • Contact for pricing
      3,528 SF

      Fairfield Commercial Site For Lease

      Commercial site suitable for fuel, auto service, car wash.
      Clay Bank Rd, Fairfield, CA 94533
      View Details
    • $1,500 /Mo
      530 SF

      Prime Office Space Available

      Ready-to-use 530 SF office near courthouse with high visibility.
      756 N Texas St, Fairfield, CA 94533
      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.
    205-207 Alaska Ave
    Fairfield, CA 94533
    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
    205-207 Alaska Ave, Fairfield, CA, 94533
    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!