Property profile

940 Adams St 1 Benicia, CA 94510

OFF-MARKET
Medical Office Space
Property ID
US09-2298223
433 SF 0.01 ac lot Built 1986
Individually Owned 32-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional office space, located within the prestigious Benicia Historical Park Place II Building in the Arsenal district of Benicia, California, presents a unique opportunity for businesses seeking a blend of historical character and modern functionality. Situated on the ground floor, this well-maintained suite offers approximately 1,000 square feet of usable space (exact square footage to be verified). The layout features a spacious entryway leading to four distinct offices, providing ample room for individual work or team collaboration. One of the offices is particularly versatile, boasting two separate entry doors and the potential for division into smaller, independent workspaces, offering flexibility to suit various business needs. The building's location within the historic Arsenal district provides a desirable address and a unique atmosphere. The property is offered at $412,000. While the exact square footage is not currently available, interested parties are encouraged to schedule a viewing to assess the space's suitability for their requirements. The property sits on a lot with zero acres. This is a rare opportunity to acquire a well-maintained office space in a highly sought-after historical location.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1986
Total area 433 SF
Lot 0.01 ac (433 SF)
APN 0080-411-010
UPID US09-2298223

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
  • Law Firm
  • Law Firm Child Welfare Organization
  • Law Firm
  • Law Firm
  • Charitable Organization Social Service Agency

Location

940 Adams St, Unit 1 Benicia, CA 94510-2976
Benicia metro Census 252102 VALLEJO-FAIRFIELD, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request

Owner & transaction history

since 1994
Last sale
$455,000
3 recorded transactions
1994
$21,500
1991
$120,000
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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