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Property profile & analytics
OFF-MARKET
Estimated value
$1,035,000
Medical Office Space
140 Industrial Way, Benicia, CA 94510-1016
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US09-1904518
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1982
Total area
4,404 SF
Lot
0.81 ac (35,283 SF)
APN
0080-020-030
UPID
US09-1904518
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
-
Ponder Environmental Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.22M
Comparable Approach
Comparable
$857k
Blend (final)
Blend
$1.04M
Owner & transaction history
Ponder Commercial Properties · 10 yrs held
Ponder Commercial Properties
since 2015
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.2M
+10.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,325,000
6.5%
$1,220,000
7%
$1,135,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,120,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,240,000
Change: +11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,105,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$950,000
Change: -15% · Conversion: Difficult
COMMERCIAL (GENERAL)
$905,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±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
$235 / 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
$9,476
Tax year 2023
Assessed value
$796,474
Assessed 2023
Previous assessed
$796,474
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$398,237
Assessed improvement
$398,237
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1982
Heating
NONE
Stories
1
Total area
4,404 SF
Lot
0.81 ac (35,283 SF)
APN
0080-020-030
UPID
US09-1904518
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
MEDICAL BUILDING Current
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$950,000
COMMERCIAL (GENERAL)
Est. value
$905,000
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
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
1982
Heating
NONE
Stories
1
Lot
0.81 ac
Current owner
From public records · entity-resolved
Ponder Commercial Properties
Entity
Mailing address
PO BOX 1455, BENICIA, CA 94510-4455
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2015
$700,000
Ponder Commercial Properties
Cockrum K & L Family Trust
Grant Deed
$350,000 · Cockrum K & L Family Trust (pt
Aug 26, 1999
$420,000
Cockrum Trust
C Duane Ericson Co INC
Grant Deed
$332,625 · Wells Fargo Bank
Oct 22, 1997
$466,146
C Duane Ericson Co INC
Paul Davis Systems N County LP
Trustees Deed
—
Jan 23, 1996
$500,000
Paul Davis Systems North Count
C Duane Ericson Co INC
Trustees Deed
$425,000 · Seller
Jan 23, 1996
$425,000
C Duane Ericson Co INC
Ericson Trust
Trustees Deed
related
—
Oct 18, 1991
$25,000
Ericson,trust
Nagayama,robert
Grant Deed
—
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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