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531-537 Georgia St 4,269 SF 100% Leased Retail Building Vallejo, CA 94590 $899,000 ($210.59/SF) 5.74% Cap Rate



Executive Summary
537 Georgia Street is a fully leased ±4,269 square-foot retail building located in the heart of Downtown / Old Town Vallejo. The property is 100% occupied by three complementary, service-oriented tenants—Lucky Spa, Dash Hair Salon, and King’s Events—providing immediate, stabilized cash flow with a diversified rent roll.
The building generates consistent cash flow, with 3% annual rent increases across all tenants. Lease expirations are staggered through 2027–2029, providing reduced rollover risk.
Situated along the Georgia Street corridor near the Vallejo Ferry Terminal, the property benefits from strong local patronage, walkability, and transit connectivity to Downtown San Francisco. The small-bay infill retail format and attractive in-place rents averaging $1.52/SF/month provide an appealing entry point for private investors and 1031 exchange buyers seeking stable income with future rent growth potential in a downtown setting.
The building generates consistent cash flow, with 3% annual rent increases across all tenants. Lease expirations are staggered through 2027–2029, providing reduced rollover risk.
Situated along the Georgia Street corridor near the Vallejo Ferry Terminal, the property benefits from strong local patronage, walkability, and transit connectivity to Downtown San Francisco. The small-bay infill retail format and attractive in-place rents averaging $1.52/SF/month provide an appealing entry point for private investors and 1031 exchange buyers seeking stable income with future rent growth potential in a downtown setting.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,269 SF
Building Class
C
Year Built
1981
Price
$899,000
Price Per SF
$210.59
Cap Rate
5.74%
NOI
$51,634
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.65
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
Comm Sales & Service
Frontage
57’ on Georgia St
Walk Score®
Walker's Paradise (91)
Nearby Major Retailers
Property Taxes
| Parcel Number | 0056-196-050 | Improvements Assessment | $473,382 |
| Land Assessment | $202,878 | Total Assessment | $676,260 |
Property Taxes
Parcel Number
0056-196-050
Land Assessment
$202,878
Improvements Assessment
$473,382
Total Assessment
$676,260
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531-537 Georgia St
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