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Commerical Listing 3 Units 1727-1731 Springs Rd
2,599 SF 100% Leased Retail Building Vallejo, CA 94591 $579,000 ($223/SF) 6.72% Cap Rate
Investment Highlights
- 3 unit strip center located on a main street with heavy retail traffic in East Vallejo
- Situated on a main street with excellent exposure and heavy retail traffic, ideal for attracting new business.
Executive Summary
Great investment opportunity! This 3-unit strip center is located on a main street with heavy retail traffic in East Vallejo. Excellent location for attracting new business. All 3 units are fully leased and tenant-occupied. Tenants are long-term tenants on "month-to-month" leases, 2 of which have signed 2-year leases. Each unit has its bathroom and kitchenette. A newer roof was installed less than 2 years ago. The exterior of building was recently painted. Long-term tenants, month-to-month leases. Tenants pay their own utilities. Listing agents own the building.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$37,200
|
$14.31
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$37,200
|
$14.31
|
| Taxes |
-
|
-
|
| Operating Expenses |
$1,500
|
$0.58
|
| Total Expenses |
$1,500
|
$0.58
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $37,200 |
| Annual Per SF | $14.31 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $37,200 |
| Annual Per SF | $14.31 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $1,500 |
| Annual Per SF | $0.58 |
| Total Expenses | |
|---|---|
| Annual | $1,500 |
| Annual Per SF | $0.58 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,599 SF
Building Class
C
Year Built/Renovated
1978/2023
Price
$579,000
Price Per SF
$223
Cap Rate
6.72%
NOI
$38,935
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Lot Size
0.15 AC
Zoning
OFC BLDG - General office, Medical, Dental
Parking
8 Spaces (3.08 Spaces per 1,000 SF Leased)
Frontage
97 FT on Springs Rd
Amenities
- Corner Lot
- Smoke Detector
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- A B Insurance
- Finance and Insurance
- 866 SF
- $1.21
- TBD
- Jun 2026
- Judy Nails
- Services
- 866 SF
- $1.21
- TBD
- Jun 2026
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| A B Insurance | Finance and Insurance | 866 SF | $1.21 | TBD | Jun 2026 | |
| Judy Nails | Services | 866 SF | $1.21 | TBD | Jun 2026 |
Walk Score®
Very Walkable (86)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0071-294-120 | Improvements Assessment | $211,317 |
| Land Assessment | $53,358 | Total Assessment | $264,675 |
PROPERTY TAXES
Parcel Number
0071-294-120
Land Assessment
$53,358
Improvements Assessment
$211,317
Total Assessment
$264,675
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Commerical Listing 3 Units | 1727-1731 Springs Rd
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