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Property profile & analytics
OFF-MARKET
Estimated value
$9,060,000
Office buildings
201 1st St Petaluma, CA 94952-4288
Individually Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5557693
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2005
Total area
32,054 SF
Lot
0.48 ac (20,946 SF)
APN
008-121-021-000
UPID
US09-5557693
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
-
Accelitas (Bike/Boat/Book/etc) Store Corporate Office
-
Solairus Aviation Travel Agency Freight Service
-
Intrepid Travel Travel Agency
-
Sonoma County Real Estate Real Estate Agency
-
Burleson + Company Corporate Office Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.43M
Comparable Approach
Comparable
$11.53M
Blend (final)
Blend
$9.06M
Owner & transaction history
Waterfront Office Building Ca · 11 yrs held
Waterfront Office Building Ca
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$12.4M
+35.3%
Medical building
$11.8M
+28.9%
Auto repair, garage
$10.1M
+10.9%
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 Petaluma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Petaluma 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%
$8,045,000
6.5%
$7,425,000
7%
$6,895,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,135,000
Current use
COMMERCIAL (GENERAL)
$12,355,000
Change: +35% · Conversion: Easy
MEDICAL BUILDING
$11,775,000
Change: +29% · Conversion: Easy
AUTO REPAIR, GARAGE
$10,130,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$9,390,000
Change: +3% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$8,940,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$9.06M
Range $8.15M – $9.97M · ±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
$283 / 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
$111,043
Tax year 2024
Assessed value
$10,345,952
Assessed 2024
Previous assessed
$10,345,952
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$1,638,748
Assessed improvement
$8,707,204
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2005
Heating
NONE
Stories
3
Total area
32,054 SF
Lot
0.48 ac (20,946 SF)
APN
008-121-021-000
UPID
US09-5557693
Jurisdiction
SONOMA
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
OFFICE BUILDING Current
Est. value
$9.1M
COMMERCIAL (GENERAL)
Est. value
$12.4M
MEDICAL BUILDING
Est. value
$11.8M
AUTO REPAIR, GARAGE
Est. value
$10.1M
RETAIL STORES
Est. value
$9.4M
INDUSTRIAL (GENERAL)
Est. value
$8.9M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
Heating
NONE
Stories
3
Lot
0.48 ac
Current owner
From public records · entity-resolved
Waterfront Office Building Ca
Individual
Mailing address
316 CALIFORNIA AVE #350, RENO, NV 89509-1650
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Aug 5, 2025
—
Waterfront Office Building Ca LLC
—
Deed
related
$6,500,000 · German American Capital Corp
Jul 16, 2015
—
Waterfront Office Building Ca
Petaluma Theatre District LLC
Grant Deed
$7,500,000 · German American Cap
Jul 26, 2006
—
Petaluma Theatre District LLC
Heck Florene M 1986 Trust
Grant Deed
related
—
Jun 20, 2005
—
Heck,florene M 1986 Trust
Petaluma Theatre District LLC
Grant Deed
related
—
Jun 17, 2005
—
Petaluma Theatre District LLC
Wright Trust
Grant Deed
related
—
Dec 9, 2004
—
Petaluma Theater District LLC
Petaluma Theater District LLC
Quit Claim Deed
related
$31,635,499 · Mechanics Bk
—
—
Petaluma Theatre District LLC
—
Deed Of Trust
related
$9,550,000 · Wfb NA
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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