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Property profile & analytics
OFF-MARKET
Estimated value
$19,740,000
Office buildings
1445 Drew Ave Davis, CA 95618-4880
Entity Owned
5-yr Hold
Free & Clear
Property ID
US09-2036167
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2001
Construction
WOOD
Total area
36,148 SF
Lot
4.65 ac (202,554 SF)
Zoning code
I-R
APN
069-290-080-000
UPID
US09-2036167
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
-
Novozymes, Inc. Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$21.85M
Blend (final)
Blend
$19.74M
Owner & transaction history
Urp Investors LP · 5 yrs held
Urp Investors LP
since 2020
Last sale
$22.6M
4 recorded transactions
Zoning & alternative use
I-R · Davis, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$19.8M
+19.4%
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 Davis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Davis 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$16,575,000
Current use
RESTAURANT
$19,785,000
Change: +19% · Conversion: Moderate
COMMERCIAL (GENERAL)
$15,700,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$19.74M
Range $17.77M – $21.71M · ±10% · vs last sale $22.60M (Jul 22 2020)
Last sale anchor
$22.60M
Jul 22 2020
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
$546 / 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
$199,051
Tax year 2023
Assessed value
$17,628,270
Assessed 2023
Previous assessed
$17,628,270
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$2,100,000
Assessed improvement
$15,528,270
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2001
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
36,148 SF
Lot
4.65 ac (202,554 SF)
Zoning code
I-R
APN
069-290-080-000
UPID
US09-2036167
Jurisdiction
YOLO
Zoning & alternative use
I-R · Davis, CA
Zoning I-R · permitted uses
I-R · Davis, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Davis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$16.6M
RESTAURANT
Est. value
$19.8M
COMMERCIAL (GENERAL)
Est. value
$15.7M
OFFICE BUILDING Current
RESTAURANT
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
2001
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
4.65 ac
Current owner
From public records · entity-resolved
Urp Investors LP
Entity
Free & Clear · 5 yrs held
Mailing address
1530 J ST STE #200, SACRAMENTO, CA 95814-2053
Ownership since
2020
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
Jul 22, 2020
—
Urp Investors LP
San Carlos Retail Venture LP
Quit Claim Deed
—
Oct 28, 2016
$22,604,000
San Carlos Retail Venture LP
Ten Davis LLC
Grant Deed
—
Dec 11, 2003
—
Ten Davis LLC
—
Deed Of Trust
related
$2,555,000 · Monumental Life Insurance
—
—
San Carlos Retail Venture
—
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.
Try Rey
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