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Property profile & analytics
FOR SALE
Investment properties
106 W J St Benicia, CA 94510
Individually Owned
6-yr Hold
Property ID
US10-2624812
For Sale
1 / 67
$1,700,000
106 W J St, Benicia, CA 94510
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Property summary
AI-generated overview
This exceptional mixed-use property, located at 106 W J St in downtown Benicia, CA, presents a rare investment opportunity. The 8,820 square foot building, constructed in 1895 and extensively renovated between 2017 and 2023, sits on a 6,512.22 square foot lot and boasts a prime location at the corner of 1st and W J Streets. Currently operating at 100% occupancy with four tenants, the property features three street-level retail/office spaces on 1st Street and a unique second-story space previously used as a digital media studio and event venue. The upper level includes a modern kitchen, two ADA-compliant bathrooms, and a climate-controlled office. The large main hall (approximately 50' x 50') offers high ceilings (18 feet), large windows, and beautiful wood floors, ideal for various uses such as events, studios, or galleries. Scheduled rent increases are in place. The property's permitted zoning is mixed-use, allowing for diverse applications. This is a turn-key operation with established tenants and significant upside potential for owner-users or investors seeking a high-traffic, historic downtown location. The asking price is $2,400,000 ($272.11/sq ft). APN: 0089-043-090.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1895
Total area
8,820 SF
Lot
0.15 ac (6,513 SF)
APN
0089-043-090
UPID
US10-2624812
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Strange Media Film Production Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.06M
Owner & transaction history
Steffan Schulz · 6 yrs held
Steffan Schulz
since 2019
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Benicia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Benicia submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.06M
Range $950k – $1.16M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$120 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$15,313
Tax year 2023
Assessed value
$1,287,691
Assessed 2023
Previous assessed
$1,287,691
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$168,187
Assessed improvement
$1,119,504
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1895
Heating
NONE
Stories
2
Total area
8,820 SF
Lot
0.15 ac (6,513 SF)
APN
0089-043-090
UPID
US10-2624812
Jurisdiction
SOLANO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1895
Heating
NONE
Stories
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
Steffan Schulz
Individual
Mailing address
106 W J ST, BENICIA, CA 94510-3131
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2019
$1,225,000
Steffan Schulz
Wps Properties LLC
Grant Deed
$725,000 · Wps Properties LLC
Jul 27, 2018
$350,000
Wps Properties LLC
Benicia Masonic Temple Assn In
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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