Vallejo Auto Center Fire Sale | 3424 Sonoma Blvd
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Vallejo Auto Center Fire Sale 3424 Sonoma Blvd
7,614 SF Vacant Retail Building Vallejo, CA 94590 $1,400,000 ($184/SF) 14.20% Cap Rate
Investment Highlights
- This industrial property on Sonoma Blvd in Vallejo offers an opportunity for investors or owner-users seeking a value-add asset in a growing market.
- Following a fire in 2023 at 22 California St, the electrical panel at 3424 Sonoma was damaged, leading to tenants removal.
- Formerly a smog shop, auto repair, auto-body, and car paint shop, the building features five vacant automotive units.
- Now sold at a discount, as-is, buyers can modernize the facility to meet current standards and benefit from top market rents.
Executive Summary
Investment Highlights:
*Five Specialty Automotive Units located on prime Sonoma Blvd in Vallejo.
*Electrical damaged from 2023 fire at 22 California St. Repair estimates available for $140,000-$150,000.
*Vacant and ready for renovation for new tenants or owner-users looking to customize the space for automotive businesses.
*Substantially discounted to $1,400,000 purchase price for an as-is sale.
*Projected ALL IN is $1,827,515 (10.9% CAP) including repairs and 3 year carry; with a low $2.20/sf/mo market rents for lease up.
*Projected ARV is $2,400,000 (8.27% CAP) giving a buyer $572,485+ 24% equity at purchase.
*Financing: All Cash or Seller Bridge Loan on approved credit $400,000 down; 6.5% interest only; 3 year term.
*Email Alexis@AlexisMcGeeGroup.com for a Full Offering Package.
*Five Specialty Automotive Units located on prime Sonoma Blvd in Vallejo.
*Electrical damaged from 2023 fire at 22 California St. Repair estimates available for $140,000-$150,000.
*Vacant and ready for renovation for new tenants or owner-users looking to customize the space for automotive businesses.
*Substantially discounted to $1,400,000 purchase price for an as-is sale.
*Projected ALL IN is $1,827,515 (10.9% CAP) including repairs and 3 year carry; with a low $2.20/sf/mo market rents for lease up.
*Projected ARV is $2,400,000 (8.27% CAP) giving a buyer $572,485+ 24% equity at purchase.
*Financing: All Cash or Seller Bridge Loan on approved credit $400,000 down; 6.5% interest only; 3 year term.
*Email Alexis@AlexisMcGeeGroup.com for a Full Offering Package.
Financial Summary (Pro forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$198,442
|
$26.06
|
| Other Income |
$35,905
|
$4.72
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$234,347
|
$30.78
|
| Taxes |
$17,500
|
$2.30
|
| Operating Expenses |
$18,405
|
$2.42
|
| Total Expenses |
$35,905
|
$4.72
|
| Net Operating Income |
$198,442
|
$26.06
|
Financial Summary (Pro forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $198,442 |
| Annual Per SF | $26.06 |
| Other Income | |
|---|---|
| Annual | $35,905 |
| Annual Per SF | $4.72 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $234,347 |
| Annual Per SF | $30.78 |
| Taxes | |
|---|---|
| Annual | $17,500 |
| Annual Per SF | $2.30 |
| Operating Expenses | |
|---|---|
| Annual | $18,405 |
| Annual Per SF | $2.42 |
| Total Expenses | |
|---|---|
| Annual | $35,905 |
| Annual Per SF | $4.72 |
| Net Operating Income | |
|---|---|
| Annual | $198,442 |
| Annual Per SF | $26.06 |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Auto Repair
Building Size
7,614 SF
Building Class
C
Year Built/Renovated
1970/1988
Price
$1,400,000
Price Per SF
$184
Cap Rate
14.20%
NOI
$198,824
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Land Acres
0.54 AC
Opportunity Zone
Yes
Zoning
IU
Parking
25 Spaces (3.28 Spaces per 1,000 SF Leased)
Frontage
227 FT on Sonoma Blvd
Amenities
- Freeway Visibility
- Signage
- Air Conditioning
Walk Score ®
Very Walkable (80)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0053-152-290 | Total Assessment | $1,340,250 (2023) |
| Land Assessment | $294,854 (2023) | Annual Taxes | $17,500 ($2.30/SF) |
| Improvements Assessment | $1,045,396 (2023) | Tax Year | 2025 Payable 2026 |
PROPERTY TAXES
Parcel Number
0053-152-290
Land Assessment
$294,854 (2023)
Improvements Assessment
$1,045,396 (2023)
Total Assessment
$1,340,250 (2023)
Annual Taxes
$17,500 ($2.30/SF)
Tax Year
2025 Payable 2026
-
Alexis McGee -
Alexis McGee Group Inc
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Vallejo Auto Center Fire Sale | 3424 Sonoma Blvd
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