519 Capitol StVallejo, CA 94590

Property Details for 519 Capitol St

Year built

1936

Lot size

0.07 AC

Property size (Sq ft)

6,036 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

0056-164-020

APU

56164020

Description

This three-story, 6,000 square foot office building in Vallejo, CA, presents a compelling investment opportunity. Located in the heart of downtown, this multi-tenant property boasts 100% occupancy with three tenants across four units, generating a current NOI of $54,715 and a 5.55% cap rate. The pro-forma NOI is projected at $91,552, resulting in a 9.29% pro-forma cap rate. Built in 1963, the Class B building sits on a 0.07-acre lot (APN 0056-164-020) and features 5,280 square feet of net rentable space, priced at $164.17 per square foot. The property's strategic location offers easy access to major transportation arteries, including Interstates 80 and 780, State Route 37, and State Route 29, providing convenient connections to Napa, Sonoma, and San Francisco. Its prime downtown location places it within walking distance of the Napa River Waterfront, Vallejo City Hall, the Vallejo-San Francisco Ferry, and several parks and recreational facilities. The permitted zoning is DMX-Downtown Mixed Use. This stabilized investment offers a strong return and significant upside potential in a thriving urban environment. The building is situated in a vibrant, pedestrian-friendly neighborhood that seamlessly blends downtown with the waterfront, offering proximity to retail shops, restaurants, and community parks.

• CAP approach

  CAP return

  Valuation

  6%

  $1,826,105

  6.5%

  $1,685,636

  7%

  $1,565,233

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,270,027

  Geo Method

  $1,683,501

• Alternative Use

  Use

  Valuation

  Residential

  $2,090,188

  Hospitality

  $1,914,601

  Educational

  $1,592,926

  Medical

  $1,647,709

  Retail

  $2,477,884

Location Insight

City

Vallejo

County

Solano

State

California

Latitude

38.1029

Longitude

-122.256

CBSA code

46700

CBSA name

VALLEJO-FAIRFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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