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Property profile & analytics
FOR LEASE
Investment properties
1731 Research Park Dr 2ND Davis, CA 17312
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US09-2205373
For Lease
1 / 8
$4,350,000
1731 Research Park Dr,Unit 2ND, Davis, CA 17312
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2005
Construction
WOOD
Total area
17,168 SF
Lot
0.71 ac (30,927 SF)
Zoning code
C-H
APN
069-290-059-000
UPID
US09-2205373
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
-
SAH Group Inc Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.80M
Comparable Approach
Comparable
$4.90M
Blend (final)
Blend
$4.35M
Owner & transaction history
Devi Plaza LLC · 10 yrs held
Devi Plaza LLC
since 2016
7 recorded transactions
Zoning & alternative use
C-H · Davis, 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 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%
$3,025,000
6.5%
$2,795,000
7%
$2,595,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,105,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$4.35M
Range $3.92M – $4.79M · ±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
$253 / 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
$64,603
Tax year 2023
Assessed value
$5,700,956
Assessed 2023
Previous assessed
$5,700,956
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$524,647
Assessed improvement
$5,176,309
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
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
2005
Construction
WOOD
Heating
NONE
Total area
17,168 SF
Lot
0.71 ac (30,927 SF)
Zoning code
C-H
APN
069-290-059-000
UPID
US09-2205373
Jurisdiction
YOLO
Zoning & alternative use
C-H · Davis, CA
Zoning C-H · permitted uses
C-H · 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
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.1M
APARTMENT HOUSE (5+ UNITS)
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
2005
Construction
WOOD
Heating
NONE
Lot
0.71 ac
Current owner
From public records · entity-resolved
Devi Plaza LLC
Entity
Mailing address
1731 RESEARCH PARK DR #101, DAVIS, CA 95618-6132
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Oct 23, 2025
—
Devi Plaza LLC
—
Deed
related
$3,050,000 · So Cal Capital INC
Jan 2, 2024
—
Devi Plaza LLC
—
Deed
related
$2,700,000 · Socotra Opportunity Reit I LLC
Dec 27, 2021
—
Devi Plaza LLC
—
Deed
related
$5,355,000 · Poppy Bank
Apr 20, 2016
—
Devi Plaza LLC
Devi Plaza LLC
Quit Claim Deed
related
$3,000,000 · Bbcn Bk
May 23, 2007
—
Devi Plaza LLC
—
Trustees Deed
related
$1,000,000 · Tri Counties Bank
Jun 19, 2002
$369,500
Sah Trust
Dowling,daniel K
Grant Deed
—
—
—
Daniel K Dowling
—
Deed Of Trust
related
$208,000 · North American Mortgage
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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