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Property profile & analytics
OFF-MARKET
Estimated value
$1,465,000
Industrial properties
116 Heron Way, Merced, CA 95341-8006
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1981013
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2006
Construction
WOOD FRAME
Total area
10,000 SF
Lot
2 ac (87,120 SF)
APN
059-430-034-000
UPID
US09-1981013
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
-
Biomedical Waste Disposal Waste Management Facility Hazardous Waste Disposal
-
Fastenal Fulfillment Center - Appointment Only Industrial Manufacturer Production Facility
-
TCI Transportation Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.93M
CAP Approach
CAP
$1.00M
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.47M
Owner & transaction history
Regis Berkeley A&r Properties LLC · 3 yrs held
Regis Berkeley A&r Properties LLC
since 2023
Last sale
$1.6M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Merced submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Merced 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
$1,825,000
ML approach
$1,930,000
CAP Approach
CAP Return
Estimation
6%
$1,085,000
6.5%
$1,000,000
7%
$930,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,190,000
Current use
COMMERCIAL (GENERAL)
$1,940,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.47M
Range $1.32M – $1.61M · ±10% · vs last sale $1.58M (Jun 8 2023)
Last sale anchor
$1.58M
Jun 8 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
$147 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$17,239
Tax year 2024
Assessed value
$1,611,600
Assessed 2024
Previous assessed
$1,611,600
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$336,600
Assessed improvement
$1,275,000
Applied tax rate
5.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2006
Construction
WOOD FRAME
Heating
NONE
Stories
1
Rooms
4
Bathrooms
4
Total area
10,000 SF
Lot
2 ac (87,120 SF)
APN
059-430-034-000
UPID
US09-1981013
Jurisdiction
MERCED
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
INDUSTRIAL (GENERAL) Current
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$1.9M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
2006
Construction
WOOD FRAME
Heating
NONE
Stories
1
Rooms
4
Bathrooms
4
Lot
2 ac
Current owner
From public records · entity-resolved
Regis Berkeley A&r Properties LLC
Entity
Mailing address
4950 TRIGGS ST, COMMERCE, CA 90022-4832
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2023
$1,580,000
Regis Berkeley A&r Properties LLC
K C Parcel 12 Properties LLC
Grant Deed
—
Jun 8, 2023
—
K C Parcel 12 Properties LLC
City Of Merced
Grant Deed
—
Jun 29, 2016
—
Kc Parcel 12 Properties LLC
—
Deed
related
$487,500 · Westamerica Bank
Jul 12, 2005
—
K/c Parcel 12 Properties LLC
—
Trustees Deed
related
$787,500 · Tri Counties Bank
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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