This exceptional 9-unit mixed-use building, located at 411 Main St in Suisun City, CA, presents a prime investment opportunity. Boasting 7,800 to 8,200 square feet, this two-story, Class C building was constructed in 1912 and sits on a lot with 12 parking spaces. Currently, the property has a 60% occupancy rate. The building features a multi-tenancy setup, ideal for generating diverse rental income streams. The property is zoned DW and offers significant potential for various commercial uses. Its prime location in Suisun City provides easy access to major highways and public transportation, placing it within reach of a thriving community. Nearby attractions include the Suisun City Waterfront, local wineries, and recreational parks, enhancing the area's appeal and drawing both residents and tourists. The property benefits from its proximity to restaurants, cafes, boutiques, schools, and medical centers. Owner financing is available, making this an attractive investment opportunity in a growing market with a stable real estate sector. The Solano County location offers a strategic position between major urban centers, further enhancing its investment potential. The property's APN is 0032-082-120 0032-082-020. While there have been no recent rent increases, the property's strong location and potential for future growth make it a compelling investment. The median listing price for homes in Suisun City is approximately $549,000, indicating a stable and growing market. This property is listed at $1,800,000.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$4,063,162
6.5%
$3,750,611
7%
$3,482,710
Comparable approach
Method
Valuation
Relative Method
$5,161,656
Geo Method
$2,925,220
Alternative Use
Use
Valuation
Residential
$3,163,781
Hospitality
$2,898,006
Educational
$2,411,107
Medical
$2,494,029
Retail
$3,750,611
Location Insight
City
Suisun City
County
Solano
State
California
Latitude
38.241
Longitude
-122.041
CBSA code
46700
CBSA name
VALLEJO-FAIRFIELD, CA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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