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Property profile & analytics
OFF-MARKET
Estimated value
$1,270,000
Investment properties
1440 2nd St, Benicia, CA 94510-2867
Trust Owned
20-yr Hold
Absentee Owner
Property ID
US09-1080224
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2007
Total area
8,193 SF
Lot
0.53 ac (23,063 SF)
APN
0088-083-390
UPID
US09-1080224
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
-
Benicia Oral Surgery & Implantology Dental Office
-
Quality Dental Laboratory Dental Office
-
Mahr Elder, DDS Dental Office
-
Irving Norflin Riley Dental Office
-
Mahr Fairuke Elder Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.53M
Comparable Approach
Comparable
$894k
Blend (final)
Blend
$1.27M
Owner & transaction history
Lee Chong L & Hong J Trust · 20 yrs held
Lee Chong L & Hong J Trust
since 2006
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.1M
+23.9%
Auto repair, garage
$2.1M
+22.6%
Retail stores
$1.8M
+5.1%
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%
$1,660,000
6.5%
$1,530,000
7%
$1,420,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,680,000
Current use
MEDICAL BUILDING
$2,080,000
Change: +24% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,060,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$1,765,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$1.27M
Range $1.14M – $1.40M · ±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
$155 / 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
$21,401
Tax year 2023
Assessed value
$1,800,000
Assessed 2023
Previous assessed
$1,800,000
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$252,000
Assessed improvement
$1,548,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2007
Heating
CENTRAL
Stories
1
Bathrooms
2
Total area
8,193 SF
Lot
0.53 ac (23,063 SF)
APN
0088-083-390
UPID
US09-1080224
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
COMMERCIAL (GENERAL) Current
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.1M
RETAIL STORES
Est. value
$1.8M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2007
Heating
CENTRAL
Stories
1
Bathrooms
2
Lot
0.53 ac
Current owner
From public records · entity-resolved
Lee Chong L & Hong J Trust
Trust
Mailing address
2257 ASCOT PKWY, VALLEJO, CA 94591-8141
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
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
Sep 4, 2018
—
Lee,chong L & Hong J Trust
—
Deed
related
—
Jan 17, 2007
—
Lim Chong Trust
—
Trustees Deed
related
$1,275,000 · Solano Bank
Mar 2, 2006
—
Lee Chong L & Hong J Trust
Owner Name Unavailable
Grant Deed
related
—
Mar 28, 2002
—
Lee Trust
Lee,chong L & Hong J
Quit Claim Deed
related
—
Aug 31, 2000
$220,000
Lee,chong L & Hong J
Lofton,f D
Trustees Deed
$176,000 · Downey S & L (wholesale)
Aug 31, 2000
$110,000
Lofton,f D
Lofton & Lofton
Trustees Deed
related
—
Feb 29, 1996
$109,000
Lofton
Mclain Trust
Grant Deed
$101,000 · Seller
Aug 11, 1993
$55,000
Joan F Mclain
Schulze,e G & Lo
Grant Deed
$55,000 · Seller
—
—
Lee,tr
—
Deed Of Trust
related
$225,000 · Gmac Mortgage Corp
—
—
Lee,chong L & Hong J Trust
—
Loan Modification
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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