| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 77th | Best |
| Amenities | 39th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 150 Rankin Way, Benicia, CA, 94510, US |
| Region / Metro | Benicia |
| Year of Construction | 1990 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
150 Rankin Way Benicia Multifamily Investment
Neighborhood occupancy trends sit in the high 90s with elevated home values reinforcing renter reliance on multifamily housing, according to CRE market data from WDSuite. For investors, this points to stable demand and pricing power in Benicia relative to broader Vallejo regional patterns.
Benicia’s neighborhood around 150 Rankin Way ranks 8th out of 98 neighborhoods in the Vallejo metro, indicating a competitive position among local submarkets. According to WDSuite’s CRE market data, the area’s neighborhood occupancy remains strong, and high ownership costs relative to incomes support sustained apartment demand and lease retention potential.
Livability indicators are mixed but favorable overall. Parks and childcare access trend above national norms (both in the 80s by national percentile), while grocery access tracks near the metro middle. Dining and café density within the immediate neighborhood is limited, which may concentrate daily-needs trips into nearby corridors; investors should weigh this against the area’s suburban character and resident income profile.
Tenure patterns show roughly one-third of housing units are renter-occupied, signaling a defined but not saturated renter base that can underpin steady leasing without excessive turnover exposure. Within a 3-mile radius, recent years show modest population softness but stable household counts and rising incomes; forward-looking projections point to household growth and a slightly smaller average household size, which can expand the renter pool and support occupancy stability.
Home values are elevated versus national benchmarks, and rents have risen over the last five years in line with Bay Area dynamics. For multifamily investors, a high-cost ownership landscape typically sustains rental demand and supports renewal capture, though rent-to-income levels near 30% suggest attentive lease management and renewal strategies.
Safety metrics compare favorably on a national basis. The neighborhood’s crime profile falls into higher national safety percentiles, and both property and violent offense estimates have posted steep year-over-year declines of more than 40%, according to WDSuite. For investors, this trend supports renter retention and reduces perception risk relative to weaker submarkets, while ongoing monitoring remains prudent as conditions can vary within small areas.
Regional employment anchors within commutable range include consumer products, technology, financial services, and retail headquarters, supporting a diversified white-collar tenant base and commute convenience for residents.
- Clorox — consumer products HQ offices (18.95 miles) — HQ
- Salesforce.com — software & cloud (22.73 miles) — HQ
- Aig — insurance (22.76 miles)
- Gap — retail & apparel (22.78 miles) — HQ
- Charles Schwab — financial services (22.84 miles) — HQ
150 Rankin Way is a 120-unit 1990-vintage asset in a suburban Benicia neighborhood that ranks 8th of 98 within the Vallejo metro, signaling competitive location fundamentals. Newer stock relative to the area’s early-1980s average can offer an edge on curb appeal and systems, while still leaving room for targeted modernization that supports rent positioning. Elevated home values and strong neighborhood occupancy underpin a durable renter base and support renewal capture; according to CRE market data from WDSuite, local fundamentals align with sustained demand even as residents weigh ownership costs.
Within a 3-mile radius, incomes are high and are projected to grow, with forecasts indicating more households and a slightly smaller average household size — factors that typically expand the renter pool and support occupancy stability. Risks to underwrite include pockets of limited walkable dining/retail within the immediate area and rent-to-income levels near 30%, which call for disciplined lease management and amenity/value strategies rather than aggressive push-only pricing.
- Competitive submarket: ranked 8th of 98 in the Vallejo metro, supporting leasing stability
- 1990 vintage offers relative competitiveness versus older stock with selective upgrade upside
- High-cost ownership market reinforces renter demand and renewal capture potential
- 3-mile outlook shows household growth and rising incomes supporting the renter pool
- Risks: limited immediate retail/dining and rent-to-income near 30% require careful lease management