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Property profile & analytics
FOR LEASE
Warehouses
1501 Aviation Blvd Lincoln, CA 95648
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-9167315
For Lease
1 / 6
$8,880,000
1501 Aviation Blvd, Lincoln, CA 95648
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1994
Construction
TILT-UP CONCRETE
Total area
79,200 SF
Lot
4.9 ac (213,444 SF)
Zoning code
LI
APN
021-562-023-000
UPID
US09-9167315
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
-
Legacy Aviation Services Airport
-
Gulfstream Aerospace Corporation Corporate Office Factory
-
Sacramento Valley RV Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.94M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.37M
Blend (final)
Blend
$8.88M
Owner & transaction history
At Aviation Blvd LP · 2 yrs held
At Aviation Blvd LP
since 2023
Last sale
$9.3M
7 recorded transactions
Zoning & alternative use
LI · Lincoln, CA
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 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
$7,930,000
ML approach
$8,935,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,595,000
Current use
Blend value · Realmo final
$8.88M
Range $7.99M – $9.77M · ±10% · vs last sale $9.33M (Nov 14 2023)
Last sale anchor
$9.33M
Nov 14 2023
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
$112 / 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
$98,292
Tax year 2024
Assessed value
$9,333,200
Assessed 2024
Previous assessed
$9,333,200
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$1,280,000
Assessed improvement
$8,053,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1994
Construction
TILT-UP CONCRETE
Heating
NONE
Units
1
Total area
79,200 SF
Lot
4.9 ac (213,444 SF)
Zoning code
LI
APN
021-562-023-000
UPID
US09-9167315
Jurisdiction
PLACER
Zoning & alternative use
LI · Lincoln, CA
Zoning LI · permitted uses
LI · Lincoln, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lincoln. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$8.6M
WAREHOUSE, STORAGE Current
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
1994
Construction
TILT-UP CONCRETE
Heating
NONE
Units
1
Lot
4.9 ac
Current owner
From public records · entity-resolved
At Aviation Blvd LP
Entity
Mailing address
12709 E MIRABEAU PKWY STE #10, SPOKANE VALLEY, WA 99216-1666
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2023
$9,333,500
At Aviation Blvd LP
Aviation Gprv Partners 23 LLC
Grant Deed
—
Aug 20, 2020
$6,492,000
Aviation Gprv Partners 23 LLC
Weygandt & Associates
Grant Deed
$4,175,000 · Minnesota Life Insurance Company
May 9, 2019
—
Weygandt & Associates
—
Deed
related
—
Aug 24, 2006
$3,643,500
Weygandt & Associates
Oates Business Park-visalia
Grant Deed
$2,200,000 · County Bank
Jun 16, 1998
—
Oates Business Park-visalia
Buzz Oates Enterprises II
Quit Claim Deed
related
—
—
—
Oates Business Park-visalia
—
Deed Of Trust
related
$1,665,131 · Wells Fargo Bank
—
—
Weygandt & Associates
—
Deed Of Trust
related
—
—
—
Weygandt & Associates
—
Deed Of Trust
related
$2,033,000 · Community First 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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