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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Investment properties
1988 Broadway St Vallejo, CA 94589-1908
Individually Owned
10-yr Hold
Property ID
US10-1820173
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1935
Total area
3,399 SF
Lot
0.8 ac (34,848 SF)
APN
0052-021-350
UPID
US10-1820173
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
-
Perfect Plants Patient's Group Alternative Medicine Practice
-
Vallejo - Green Dragon (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$749k
Blend (final)
Blend
$695k
Owner & transaction history
Eric Thomas · 10 yrs held
Eric Thomas
since 2015
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$955,000
+91.7%
Auto repair, garage
$885,000
+76.9%
Medical building
$790,000
+58.2%
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 Vallejo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vallejo 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
COMMERCIAL (GENERAL)
$500,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$955,000
Change: +92% · Conversion: Difficult
AUTO REPAIR, GARAGE
$885,000
Change: +77% · Conversion: Difficult
MEDICAL BUILDING
$790,000
Change: +58% · Conversion: Easy
RETAIL STORES
$460,000
Change: -7% · Conversion: Easy
WAREHOUSE, STORAGE
$435,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$204 / 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
$7,383
Tax year 2023
Assessed value
$586,420
Assessed 2024
Previous assessed
$586,420
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$150,874
Assessed improvement
$435,546
Applied tax rate
7.0000
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
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1935
Heating
NONE
Cooling
NONE
Stories
1
Rooms
7
Bathrooms
1
Total area
3,399 SF
Lot
0.8 ac (34,848 SF)
APN
0052-021-350
UPID
US10-1820173
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
COMMERCIAL (GENERAL) Current
Est. value
$500,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$955,000
AUTO REPAIR, GARAGE
Est. value
$885,000
MEDICAL BUILDING
Est. value
$790,000
RETAIL STORES
Est. value
$460,000
WAREHOUSE, STORAGE
Est. value
$435,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1935
Heating
NONE
Cooling
Yes
Stories
1
Rooms
7
Bathrooms
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Eric Thomas
Individual
Mailing address
1988 BROADWAY ST, VALLEJO, CA 94589-1908
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2015
$160,000
Eric Thomas
Thomas,anita M & Guadalupe
Grant Deed
related
$140,000 · Guadalupe & Anita M Thomas
Sep 25, 2009
$192,000
Guadalupe Thomas
Thomas,eric
Grant Deed
related
—
Mar 14, 2007
$333,000
Eric Thomas
Thomas,guadalupe & Anita
Grant Deed
related
$598,500 · Option One Mortgage Corp
Jun 9, 2006
$598,500
Guadalupe Thomas
Thomas,guadalupe & Anita
Grant Deed
related
—
Dec 23, 2004
$600,000
Guadalupe Thomas
Mission Evangelica Peniel
Grant Deed
$400,000 · Wmc Mortgage Corp
Nov 30, 1999
$200,000
Evangelica Peniel Mission
Isaacson,frank D
Grant Deed
—
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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