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Property profile & analytics
OFF-MARKET
Estimated value
$3,645,000
Medical Office Space
106 Plz Dr Vallejo, CA 94591-3702
Trust Owned
8-yr Hold
~
Est. High Equity
Property ID
US10-2765214
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1999
Total area
11,002 SF
Lot
0.9 ac (39,248 SF)
Zoning code
BONDS=41,769
APN
0081-570-060
UPID
US10-2765214
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
-
Allstate Insurance Agent: Lyman Chao Insurance Agency
-
Social Security Administration Social Security Office
-
Garage Door Repair Of Vallejo Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.84M
Comparable Approach
Comparable
$3.87M
Blend (final)
Blend
$3.65M
Owner & transaction history
Naomi,b S 2013 Trust · 8 yrs held
Naomi,b S 2013 Trust
since 2018
7 recorded transactions
Zoning & alternative use
BONDS=41,769 · Vallejo, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
municipal code
Top alternative use upside
Restaurant
$4.1M
+58.4%
Neighborhood: shopping center
$3.1M
+21.1%
Auto repair, garage
$2.9M
+11.8%
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 Vallejo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vallejo 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,160,000
6.5%
$3,840,000
7%
$3,565,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,560,000
Current use
RESTAURANT
$4,050,000
Change: +58% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,100,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,860,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$3.65M
Range $3.28M – $4.01M · ±10%
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
$331 / 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
$86,224
Tax year 2023
Assessed value
$7,225,578
Assessed 2023
Previous assessed
$7,225,578
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,732,266
Assessed improvement
$5,493,312
Applied tax rate
7.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1999
Heating
NONE
Stories
1
Total area
11,002 SF
Lot
0.9 ac (39,248 SF)
Zoning code
BONDS=41,769
APN
0081-570-060
UPID
US10-2765214
Jurisdiction
SOLANO
Zoning & alternative use
BONDS=41,769 · Vallejo, CAZoning BONDS=41,769 · permitted uses
BONDS=41,769 · Vallejo, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
municipal code
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.6M
RESTAURANT
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$2.9M
MEDICAL BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1999
Heating
NONE
Stories
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
Naomi,b S 2013 Trust
Trust
Mailing address
701 MATSONIA DR, FOSTER CITY, CA 94404-1307
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2018
$6,675,000
Naomi,b S 2013 Trust
Morgan Holdings LLC
Grant Deed
—
Feb 29, 2008
$3,800,000
Morgan Holdings LLC
Vallejo Ssa Associates
Grant Deed
—
Aug 28, 1998
—
Ssa Partners Vallejo
—
Grant Deed
related
$1,595,000 · City National Bank
Aug 10, 1998
$1,033,500
Ssa Partners Vallejo
Drd Boat Enterprises INC
Grant Deed
—
Aug 6, 1997
$438,000
Drd Boat Enterprises INC
Barbeques Delux LLC
Grant Deed
—
Apr 28, 1995
$25,000
Barbeques Delux
Northgate Retail Partners Ltd
Grant Deed
—
Jan 21, 1992
$363,636
Northgate Retail
Vallejo Retail
Grant Deed
related
—
—
—
Morgan Holdings LLC
—
Deed Of Trust
related
$1,500,000 · Lone Oak Fund LLC
—
—
Morgan Holdings LLC
—
Loan Modification
related
$2,100,000 · Miscellaneous Ins Co
—
—
Northgate Retail Partners Ltd
—
Deed Of Trust
related
—
—
—
Morgan Holdings LLC
—
Deed Of Trust
related
$2,100,000 · Miscellaneous Ins Co
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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