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Property profile

800 1st St Benicia, CA 94510

OFF-MARKET
Commercial land
Property ID
US09-4289228
View Sample
2,284 SF 0.09 ac lot Built 1937
Entity Owned 8-yr Hold Free & Clear

Property summary

AI-generated overview

This exceptional commercial property, situated on a prominent corner lot at 800 1st Street in the heart of downtown Benicia, California, presents a compelling investment opportunity. The 0.09-acre site houses a five-unit building currently fully occupied by a mix of retail and service businesses. This ensures a steady income stream from day one. The property benefits from its highly desirable location, just steps from a variety of popular restaurants, shops, and the renowned One House Bakery. Furthermore, its proximity to the waterfront, walking trails, and the yacht club adds significant appeal and enhances the potential for increased foot traffic and visibility. The building's current configuration offers immediate returns, while the potential for future development adds considerable long-term value. An adjacent vacant lot is available for purchase, presenting a unique opportunity to expand the existing footprint. This combined property offers exciting possibilities for a mixed-use development, potentially incorporating retail spaces on the ground floor and residential condominiums on upper levels. This would capitalize on the increasing demand for both commercial and residential spaces in this thriving area of Benicia. The property's strategic location and development potential make it an ideal investment for those seeking both immediate income and significant future growth. Detailed information regarding the current tenants and lease agreements is available upon request. This is a rare chance to acquire a substantial commercial property in a rapidly growing and attractive California city.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1937
Total area 2,284 SF
Lot 0.09 ac (3,750 SF)
APN 0089-052-160
UPID US09-4289228

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Clothing Store Thrift Store
  • Bank Credit Union
  • Vehicle Inspection Center
  • Training Center (Bike/Boat/Book/etc) Store
  • Real Estate Agency

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2017
3 recorded transactions
2017
$610,000
2017
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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