701 Southampton RdBenicia, CA 94510

Property Details for 701 Southampton Rd

Year built

1978

Lot size

1.01 AC

Property size (Sq ft)

8,662 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

0087-011-810

APU

87011810

Description

This exceptional two-story, 8,662 square foot mixed-use commercial building in Benicia, CA presents a rare investment or owner-user opportunity. Located at a busy intersection (Highway 780 and Southampton Road), across from a major shopping center anchored by Raley's, Ace Hardware, and other national retailers, this property boasts excellent visibility and accessibility. Built in 1978 and renovated in 2006, the building features a wood frame with stucco exterior, tile roof, and ample parking (36 spaces). The 7,000 square feet of net rentable space is currently 87% occupied by 16 tenants, generating a strong NOI of $109,230 and a 6.24% cap rate. The diverse tenant mix includes insurance providers, service providers, counselors, and financial services businesses, occupying spaces ranging from 159 to 1,000 square feet. Recent improvements include repainting, parking lot resurfacing, and ADA upgrades. Situated on a 1.01-acre lot in Solano County (APN: 0087-011-810), this Class C property offers a stabilized investment with a gross lease structure. Benicia's desirable location, between I-80 and I-680, and its strong economy, fueled by employers like Valero Refinery and Flatiron Construction, make this a compelling investment prospect. The property is zoned MUI. This is an owner/user opportunity with potential SBA financing.

• CAP approach

  CAP return

  Valuation

  6%

  $2,944,926

  6.5%

  $2,718,394

  7%

  $2,524,222

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,182,308

  Geo Method

  $2,415,918

• Alternative Use

  Use

  Valuation

  Residential

  $3,370,808

  Hospitality

  $3,087,642

  Educational

  $2,568,882

  Medical

  $2,657,230

  Retail

  $3,996,038

Location Insight

City

Benicia

County

Solano

State

California

Latitude

38.0654

Longitude

-122.164

CBSA code

46700

CBSA name

VALLEJO-FAIRFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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