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Property profile & analytics
OFF-MARKET
Estimated value
$8,950,000
Office buildings
1304 Southpoint Blvd Petaluma, CA 94954-1302
Entity Owned
28-yr Hold
~
Est. High Equity
Property ID
US09-1870949
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1990
Construction
WOOD
Total area
50,447 SF
Lot
3.01 ac (131,115 SF)
APN
048-080-040-000
UPID
US09-1870949
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
-
Diamond Certified Resource Research Foundation
-
Comcast Spotlight (Ad Solutions) Marketing & Advertising Advertising Agency
-
Hydrofarm Inc (Administration Building) Department Store
-
Hydrofarm Commercial Solutions Garden Center
-
University of Northern California (Santa Rosa) University
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.69M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.95M
Owner & transaction history
Grace Development Group INC · 28 yrs held
Grace Development Group INC
since 1998
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 Petaluma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Petaluma 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%
$12,665,000
6.5%
$11,690,000
7%
$10,855,000
Blend value · Realmo final
$8.95M
Range $8.06M – $9.85M · ±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
$177 / 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
$70,221
Tax year 2024
Assessed value
$6,500,000
Assessed 2024
Previous assessed
$6,500,000
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$1,400,000
Assessed improvement
$5,100,000
Applied tax rate
3.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1990
Construction
WOOD
Heating
CENTRAL
Cooling
YES
Stories
2
Total area
50,447 SF
Lot
3.01 ac (131,115 SF)
APN
048-080-040-000
UPID
US09-1870949
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
Building & site characteristics
From public records
Year built
1990
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
3.01 ac
Current owner
From public records · entity-resolved
Grace Development Group INC
Entity
Mailing address
1304 SOUTHPOINT BLVD STE #280, PETALUMA, CA 94954-7464
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1998
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
Jun 2, 2022
—
Grace Development Group INC
—
Deed
related
$50,000,000 · City National Bank
Mar 6, 2020
—
Grace Development Group INC
—
Deed
related
$25,000,000 · City National Bank
Jun 8, 1998
$5,000,000
Grace Development Group INC
Trasasia Petaluma Holdings INC
Grant Deed
$4,500,000 · First Security Commercial Mtg
May 12, 1995
—
Petaluma Holdings In Transasia
Stephens,charles R &sun P
Grant Deed
related
$2,400,000 · Luther Burbank Savings & Loan
—
—
Charles R Stephens
—
Deed Of Trust
related
$2,200,000 · Owens Financial Group INC
—
—
Transasia Petaluma Holdings
—
Deed Of Trust
related
$36,250 · Decker Bullock Realt
—
—
Grace Dev Group INC
—
Loan Modification
related
$26,895,255 · Wells Fargo Bank
—
—
Grace Development Group INC
—
Deed Of Trust
related
$5,000,000 · Mechanics Bank
—
—
Grace Development Group INC
—
Deed Of Trust
related
$2,000,000 · Ziegler Trust
—
—
Grace Development Group INC
—
Deed Of Trust
related
$5,075,000 · City National 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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