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Property profile & analytics
OFF-MARKET
Estimated value
$1,370,000
Retail space
150 Lincoln Blvd Lincoln, CA 95648-1886
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-7248137
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1984
Construction
WOOD
Total area
9,780 SF
Lot
0.6 ac (26,136 SF)
Zoning code
C1
APN
008-263-010-000
UPID
US09-7248137
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
-
Espinoza's Western Wear Clothing Store
-
Diamond Star Painting Painting Service General Contractor
-
Mary Brock, Frey and Associates Real Estate Agency
-
Beautiful Massage Alternative Medicine Practice Spa & Massage Center
-
Taxi Lincoln Airport Shuttle Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.89M
Blend (final)
Blend
$1.37M
Owner & transaction history
Ethan Conrad · 11 yrs held
Ethan Conrad
since 2015
7 recorded transactions
Zoning & alternative use
C1 · Lincoln, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Home | City of Lincoln
Top alternative use upside
Medical building
$2.3M
+2.9%
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 Lincoln submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincoln 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
RETAIL STORES
$2,185,000
Current use
MEDICAL BUILDING
$2,250,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$1.37M
Range $1.23M – $1.51M · ±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
$140 / 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
$15,837
Tax year 2024
Assessed value
$1,502,301
Assessed 2024
Previous assessed
$1,502,301
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$318,130
Assessed improvement
$1,184,171
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Units
9
Total area
9,780 SF
Lot
0.6 ac (26,136 SF)
Zoning code
C1
APN
008-263-010-000
UPID
US09-7248137
Jurisdiction
PLACER
Zoning & alternative use
C1 · Lincoln, CAZoning C1 · permitted uses
C1 · Lincoln, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Home | City of Lincoln
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.3M
RETAIL STORES Current
MEDICAL BUILDING
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
1984
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Units
9
Lot
0.6 ac
Current owner
From public records · entity-resolved
Ethan Conrad
Individual
Mailing address
1300 NATIONAL DR STE #100, SACRAMENTO, CA 95834-1981
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2022
—
Ethan Conrad
—
Deed
related
$1,650,000 · Bank Of Marin
Apr 27, 2015
$1,275,000
Ethan Conrad
Philbin 1999 Trust
Grant Deed
—
Dec 31, 2012
$895,000
Lee Philbin Woodson
Dolores Grace
Grant Deed
$626,500 · North Valley Bank
Sep 2, 2005
—
Grace Dolores Trust
Grace,dolores
Quit Claim Deed
related
—
Sep 13, 2001
$895,000
Gary L Grace
Setliff Brothers
Grant Deed
$450,000 · Oak Valley Community Bank
—
—
Grace Dolores Trust
—
Deed Of Trust
related
$380,000 · El Dorado Savings Bank
—
—
Setliff
—
Deed Of Trust
related
$430,500 · Wells Fargo 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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