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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Investment properties
1036 1st St, Benicia, CA 94510-3220
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US10-2294596
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1906
Total area
2,751 SF
Lot
0.17 ac (7,500 SF)
APN
0088-142-110
UPID
US10-2294596
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Benicia Car Accident Lawyer Pro's Law Firm
-
Studio J Salon Hair Salon Nail Salon
-
The Purple Door Esthetics Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$964k
Blend (final)
Blend
$1.07M
Owner & transaction history
Neema Hekmat · 1 yrs held
Neema Hekmat
since 2025
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.4M
+156.3%
Neighborhood: shopping center
$775,000
+37.3%
Medical building
$700,000
+23.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Benicia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Benicia submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,190,000
ML approach
$1,180,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,445,000
Change: +156% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$775,000
Change: +37% · Conversion: Difficult
MEDICAL BUILDING
$700,000
Change: +24% · Conversion: Easy
AUTO REPAIR, GARAGE
$690,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±10% · vs last sale $1.00M (Jun 27 2023)
Last sale anchor
$1.00M
Jun 27 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$387 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,738
Tax year 2023
Assessed value
$1,071,000
Assessed 2023
Previous assessed
$1,071,000
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$357,000
Assessed improvement
$714,000
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1906
Heating
NONE
Stories
2
Total area
2,751 SF
Lot
0.17 ac (7,500 SF)
APN
0088-142-110
UPID
US10-2294596
Jurisdiction
SOLANO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$775,000
MEDICAL BUILDING
Est. value
$700,000
AUTO REPAIR, GARAGE
Est. value
$690,000
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1906
Heating
NONE
Stories
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Neema Hekmat
Individual
Mailing address
1250 E 2ND ST, BENICIA, CA 94510-2802
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2025
—
Neema Hekmat
Neema Hekmat
Deed
related
—
Jun 27, 2023
—
Neema Hekmat
Azadeh Nemat Gorgani
Quit Claim Deed
related
—
Jun 27, 2023
$1,000,000
Neema Hekmat
Wlo Limited Partnership
Grant Deed
$800,000 · Banner Bank
Feb 3, 2023
—
Wlo Limited Partnership
—
Deed
related
$300,000 · Rubicon Mortgage Fund LLC
Jan 4, 2022
$1,050,000
Wlo Limited Partnership
Renee Jordan
Grant Deed
$245,000 · Pinza Family Trust
Apr 23, 2021
—
Renee Jordan
—
Deed
related
$640,000 · Keypoint Cu
Dec 13, 2006
—
Jordan Renee Family Trust
Jordan,renee
Quit Claim Deed
related
—
Nov 18, 2004
$800,000
Renee Jordan
Willits Laverne Trust
Grant Deed
$535,000 · Solano Bank
Nov 18, 2004
—
Renee Jordan
Fields,paul
Grant Deed
related
—
—
—
Jordan,renee Family Trust
—
Deed Of Trust
related
$580,000 · Fjm Private Mortgage Fund LLC Fjm Private Mortgage Fund LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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