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Property profile & analytics
OFF-MARKET
Estimated value
$2,725,000
Super regional malls
1803 Texas St Fairfield, CA 94533-3817
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-2272297
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1997
Total area
8,000 SF
Lot
0.75 ac (32,714 SF)
APN
0033-111-230
UPID
US09-2272297
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
-
O'Reilly Auto Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.92M
CAP Approach
CAP
$2.43M
Comparable Approach
Comparable
$2.11M
Blend (final)
Blend
$2.73M
Owner & transaction history
Su Choe Hak · 4 yrs held
Su Choe Hak
since 2022
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.0M
+78.0%
Apartment house (5+ units)
$3.3M
+45.3%
Restaurant
$2.9M
+30.7%
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 Fairfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairfield 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
$2,980,000
ML approach
$2,915,000
CAP Approach
CAP Return
Estimation
6%
$2,635,000
6.5%
$2,430,000
7%
$2,260,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,255,000
Current use
COMMERCIAL (GENERAL)
$4,010,000
Change: +78% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,275,000
Change: +45% · Conversion: Difficult
RESTAURANT
$2,945,000
Change: +31% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,010,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$2.73M
Range $2.45M – $3.00M · ±10% · vs last sale $2.65M (May 27 2022)
Last sale anchor
$2.65M
May 27 2022
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
$341 / 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
$22,043
Tax year 2023
Assessed value
$1,947,116
Assessed 2023
Previous assessed
$1,947,116
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$562,903
Assessed improvement
$1,384,213
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1997
Heating
NONE
Stories
1
Total area
8,000 SF
Lot
0.75 ac (32,714 SF)
APN
0033-111-230
UPID
US09-2272297
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
RESTAURANT
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
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
1997
Heating
NONE
Stories
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Su Choe Hak
Individual
Mailing address
11720 PO BOX 1053RD STE #250, ROHNERT PARK, CA 94927-1053
Ownership since
2022
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
Aug 5, 2022
—
Miriam G Choe
—
Deed
related
$1,400,000 · Us Bank NA
May 27, 2022
$2,650,000
Su Choe Hak
Niki Rdre LLC
Grant Deed
$340,000 · Santa Rosa Memorial Park
May 16, 2019
$4,425,500
Niki Hp LLC
B & L Properties Il LLC
Grant Deed
—
May 16, 2019
$1,816,500
Niki Rdre LLC
B&l Properties II LLC
Grant Deed
$1,520,000 · Umpqua Bank
May 16, 2019
$3,013,500
Niki Rdre LLC
B & L Properties Il LLC
Grant Deed
—
Jul 9, 2008
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
—
Jun 14, 1994
—
Yarbrough Trust
Yarbrough,billy
Quit Claim Deed
related
—
Jun 14, 1994
$2,867,272
Yarbrough,billy G
B-j Development
Trustees Deed
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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