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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Warehouses
11790 Main St Penngrove, CA 94951
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-4254617
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1918
Construction
WOOD
Total area
6,400 SF
Lot
0.65 ac (28,314 SF)
APN
047-166-023-000
UPID
US09-4254617
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
-
Tarma Designs (Bike/Boat/Book/etc) Store
-
Main Street Fitness Gym & Fitness Center
-
Contessi Ballet Training Center
-
Kitchen Cabinets & more Hardware & Home Improvement Furniture & Home Goods
-
Steppin Out Ballroom Dance Theater & Performing Art Venue Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.02M
Owner & transaction history
Martin Sessi · 3 yrs held
Martin Sessi
since 2022
Last sale
$980,000
7 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 Penngrove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Penngrove 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
$1,005,000
ML approach
$1,110,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,285,000
Current use
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±10% · vs last sale $980k (Nov 21 2022)
Last sale anchor
$980k
Nov 21 2022
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
$159 / 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
$13,336
Tax year 2023
Assessed value
$916,675
Assessed 2023
Previous assessed
$916,675
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$708,066
Assessed improvement
$208,609
Applied tax rate
138.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1918
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Total area
6,400 SF
Lot
0.65 ac (28,314 SF)
APN
047-166-023-000
UPID
US09-4254617
Jurisdiction
SONOMA
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 Current
Est. value
$1.3M
WAREHOUSE, STORAGE Current
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
1918
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.65 ac
Current owner
From public records · entity-resolved
Martin Sessi
Individual
Mailing address
405 RONSHEIMER RD, PENNGROVE, CA 94951-8638
Ownership since
2022
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
Nov 21, 2022
—
Martin Sessi
Martin Sessi
Intrafamily Transfer
related
—
Jun 10, 2019
—
Sessi,m & Kielar-sessi K Trust
—
Grant Deed
related
$1,207,590 · Bank Of Marin
Oct 27, 2015
—
Sessi,m & Kielar-sessi K Trust
Sessi Martin Trust
Quit Claim Deed
related
—
Oct 22, 2015
—
Martin Sessi
Kielar-sessi,kelly A
Affidavit Of Death
related
—
Apr 27, 2007
$980,000
Sessi M & Kielar-sessi K Trust
Nissen Family Living Trust
Grant Deed
$750,000 · Bank Of Marin
Aug 13, 1998
—
Nissen Trust
Nissen,nahmen B & Linda J
Quit Claim Deed
related
—
—
—
Sessi,m & Kielar-sessi K Trust
—
Deed Of Trust
related
$220,000 · Bank Of Marin
—
—
Sessi,m & Kielar-sessi K Trust
—
Loan Modification
related
—
—
—
Sessi,m & Kielar-sessi K Trust
—
Loan Modification
related
—
—
—
Sessi,m & Kielar-sessi K Trust
—
Loan Modification
related
$198,811 · Bank Of Marin
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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