Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2345 S Watney Way Fairfield, CA 94533
    Back to Search
    Property profile & analytics

    2345 S Watney Way, Fairfield, CA 94533

    View on Map
    • Industrial properties
    • 103,150 SF
    • 5.19 lot acres
    For Lease
    $8,830,000
    View Listing →
    Fairfield Warehouse with Yard Potential For Lease
    $8,830,000
    100,460 SF

    Fairfield Warehouse with Yard Potential

    100,460 SF warehouse for lease with expansion possibilities.

    2345 S Watney Way, Fairfield, CA 94533
    View Listing
    Property ID
    US09-0036919
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Santa clara Warehouse / Production Facility
    • Tharco / Factory / Production Facility

    Property Details for 2345 S Watney Way

    Year built
    1985
    Lot size
    5.19 lot acres
    Property type
    Industrial properties
    APN
    0028-782-060
    APU
    28782060

    Description

    This exceptional 100,460-square-foot warehouse in Fairfield, California, presents a significant leasing opportunity. Located at 2345 S Watney Way, Solano County, zip code 94533, this industrial property is currently fully vacant and available for immediate occupancy. The building features a desirable multi-tenant configuration, offering flexibility for various business needs. High ceilings, ranging from 25 to 27 feet, provide ample vertical space for storage and operations. Efficient loading and unloading are ensured with 16 dock-high loading doors and 3 drive-in doors. The property also includes three separate office areas, totaling 5,222 square feet, providing comfortable and functional workspace. An adjacent 2.9-acre parcel offers significant potential for secure yard storage, additional trailer parking, or future building expansion, providing considerable added value and flexibility. This prime location in Solano County offers easy access to major transportation routes, making it an ideal choice for businesses requiring efficient logistics and distribution capabilities. The property is classified as both a warehouse and distribution facility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,553,000
      Market price range: $9.28M - $19.2M
      AI Estimate
      $6,418,000
      Market price range: $2.53M - $16.6M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $14,130,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Solano
    State
    California
    Longitude
    -122.069
    Latitude
    38.2342
    CBSA code
    46700
    CBSA name
    VALLEJO-FAIRFIELD, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $83,581
    $1,576,222
    $5,451,113
    $7,027,335
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      98,280 SF

      at I-80 Red Top Rd

      Distribution properties
      at I-80 Red Top Rd, Fairfield, CA 94533
      View Details
    • Value Estimation by Request
      3,960 SF

      1070 Horizon Dr Ste D

      INDUSTRIAL (GENERAL)
      1070 Horizon Dr Ste D, Fairfield, CA 94533-1604
      View Details
    • Value Estimation
      $1,810,000
      7.50 Acres

      5052 Peabody Rd

      INDUSTRIAL (GENERAL)
      5052 Peabody Rd, Fairfield, CA 94533
      View Details
    • Value Estimation
      $1,365,000
      17,163 SF

      4352 Wiley Ct

      INDUSTRIAL (GENERAL)
      4352 Wiley Ct, Fairfield, CA 94533-7109
      View Details
    • Value Estimation by Request
      7,680 SF

      1076 Horizon Dr Ste, Unit 3

      INDUSTRIAL (GENERAL)
      1076 Horizon Dr Ste, Fairfield, CA 94533-8200
      View Details
    • Value Estimation by Request
      0.05 Acres

      Fairfield, CA 94533

      INDUSTRIAL (GENERAL)
      Fairfield, CA 94533
      View Details

    Similar Nearby for Sale

    • 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
    • $6,250,000

      Fairfield Industrial Property on 9.88 Acres

      45,350 SF industrial building on 9.88 acres for sale.
      5054 Peabody Rd, Fairfield, CA 94533
      View Details
    • Contact for pricing
      45,056 SF

      Fairfield Industrial Building on Acres

      45,056 SF building on 3.01 acres in Fairfield, CA.
      510 Chadbourne Rd, 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
      3,380 SF

      Versatile Flex Space Condo

      Modern office condo in desirable Fairfield business park.
      1735 Enterprise Dr, Fairfield, CA 94533
      View Details
    • Contact for pricing
      31,500 SF

      Freestanding Industrial Building For Lease

      Freestanding industrial building on 2.38 acres with fenced yard.
      4970 Peabody Rd, Fairfield, CA 94533
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Fairfield Warehouse Space Available

      Warehouse space available for lease in Fairfield, California.
      2350 Watney Way S, Fairfield, CA 94533
      View Details
    • Contact for pricing

      Fairfield Warehouse Business Park

      Five-warehouse business park breaking ground Summer 2022.
      2110 Cordelia Rd, Fairfield, CA 94533
      View Details
    • Contact for pricing
      7,410 SF

      Fairfield Warehouse with Climate Control

      7,410 SF warehouse with HVAC and easy highway access.
      1058 Horizon Dr, Fairfield, CA 94533
      View Details
    • Contact for pricing

      Cordelia Road Flex Building

      Flex building ideal for office and light industrial uses.
      2825 Cordelia Rd, Fairfield, CA 94533
      View Details
    • Contact for pricing

      Fairfield Industrial and Office Suites

      Industrial and office suites available for lease in Fairfield.
      2349 N Watney Way, Fairfield, CA 94533
      View Details
    • Contact for pricing
      83,420 SF

      Fairfield Former Food Production Facility

      Former food production facility with solar system in Fairfield, CA.
      2302 Courage Dr, Fairfield, CA 94533
      View Details
    View Listing
    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.
    2345 S Watney Way
    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
    2345 S Watney Way, 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!