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Property profile & analytics
OFF-MARKET
Estimated value
$32,315,000
Warehouses
2100 Courage Dr Fairfield, CA 94533-6719
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-1848968
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2004
Total area
201,973 SF
Lot
11.83 ac (515,314 SF)
Zoning code
LT IND
APN
0028-792-120
UPID
US09-1848968
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$45.13M
Comparable Approach
Comparable
$32.69M
Blend (final)
Blend
$32.32M
Owner & transaction history
David W Lowenberg · 2 yrs held
David W Lowenberg
since 2023
7 recorded transactions
Zoning & alternative use
LT IND · Fairfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$50.8M
+100.4%
Medical building
$41.1M
+62.2%
Retail stores
$36.9M
+45.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$48,885,000
6.5%
$45,125,000
7%
$41,900,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$25,340,000
Current use
AUTO REPAIR, GARAGE
$50,790,000
Change: +100% · Conversion: Easy
MEDICAL BUILDING
$41,095,000
Change: +62% · Conversion: Difficult
RETAIL STORES
$36,910,000
Change: +46% · Conversion: Moderate
Blend value · Realmo final
$32.32M
Range $29.08M – $35.55M · ±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
$160 / 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
$250,581
Tax year 2023
Assessed value
$19,521,581
Assessed 2023
Previous assessed
$19,521,581
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$5,577,594
Assessed improvement
$13,943,987
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
Off-Market
Year built
2004
Heating
NONE
Stories
3
Total area
201,973 SF
Lot
11.83 ac (515,314 SF)
Zoning code
LT IND
APN
0028-792-120
UPID
US09-1848968
Jurisdiction
SOLANO
Zoning & alternative use
LT IND · Fairfield, CA
Zoning LT IND · permitted uses
LT IND · Fairfield, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fairfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$25.3M
AUTO REPAIR, GARAGE
Est. value
$50.8M
MEDICAL BUILDING
Est. value
$41.1M
RETAIL STORES
Est. value
$36.9M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
2004
Heating
NONE
Stories
3
Lot
11.83 ac
Current owner
From public records · entity-resolved
David W Lowenberg
Individual
Mailing address
PO BOX 2128, SONOMA, CA 95476-2128
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2023
—
David W Lowenberg
Jacqueline Lowenberg
Intrafamily Transfer
related
—
Jan 3, 2023
—
2102 Courage Drive LP
Susan E Lowenberg
Grant Deed
—
Dec 6, 2022
—
Sli Properties LLC
Susan E Lowenberg
Grant Deed
—
Nov 26, 2018
—
Usrlp Solano LLC
Usrlp Solano LLC
Quit Claim Deed
related
—
Sep 11, 2018
—
Usrlp Solano LLC
—
Trustees Deed
related
$1,000,000 · Cadence Bk NA
May 24, 2018
$7,900,000
Usrlp Solano LLC
2100 Courage Drive LLC
Grant Deed
—
Jan 16, 2018
—
2100 Courage Drive LLC
Dgp Associates
Grant Deed
related
—
Sep 20, 2017
—
2100 Courage Drive LLC
Dgp Associates LLC
Quit Claim Deed
related
—
Jun 29, 2017
—
Susan E Lowenberg
—
Deed
related
$10,500,000 · Wells Fargo Bank NA
Jan 13, 2017
$17,500,000
Lowenberg,susan Trust
Luttgens John H
Grant Deed
—
Oct 4, 2007
—
Luttgens John H Trust
Luttgens,john H
Quit Claim Deed
related
—
Jun 28, 2005
$3,620,000
Dgp Associates
Highridge Solano Assocs LLC
Grant Deed
—
May 28, 2004
—
Luttgens Family Trust
—
Deed Of Trust
related
$5,857,142 · Bank Of The West
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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