This exceptional Class A warehouse, situated on a 2.03-acre lot at the corner of Peabody and Elmira Roads in Solano County, offers 18,600 square feet of space. Built in 1998 and renovated in 2020, the property boasts 24-foot high ceilings, a new roof, and ample parking (84 spaces). Currently, it houses two tenants: a thrift store (13,850 sq ft, lease expiring August 2025) and an automotive shop (4,750 sq ft). The high-traffic location, with approximately 22,000 vehicles per day, provides excellent visibility and accessibility via Interstate 80. The property features 354 feet of frontage on Peabody Road, a loading dock ramp, and multiple potential uses. The thrift store tenant may vacate sooner than the lease expiration, presenting a significant value-add opportunity. The automotive shop is interested in extending their lease. Annual rent is $15.6 per square foot, plus $3.5 per square foot in NNN charges. This translates to a monthly rent of $1.3 per square foot, plus $0.29 per square foot in NNN charges. This prime location and flexible space make this an ideal investment opportunity.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$4,599,704
6.5%
$4,245,880
7%
$3,942,603
Comparable approach
Method
Valuation
Relative Method
$6,692,384
Geo Method
$6,692,384
Alternative Use
Use
Valuation
Residential
$3,581,559
Hospitality
$3,280,689
Educational
$2,729,494
Medical
$2,823,366
Retail
$4,245,880
Location Insight
City
Vacaville
County
Solano
State
California
Latitude
38.3531
Longitude
-121.975
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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