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Property profile & analytics
FOR SALE
Warehouses
2180 South Mcdowell Boulevard Ext Petaluma, CA 94954
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1588358
For Sale
1 / 9
$8,678,800
2180 South Mcdowell Boulevard Ext, Petaluma, CA 94954
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Construction
WOOD
Total area
43,197 SF
Lot
4.59 ac (199,940 SF)
APN
005-090-086-000
UPID
US09-1588358
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
by Request
Comparable Approach
Comparable
$5.34M
Blend (final)
Blend
$8.38M
Owner & transaction history
Mkd Mcdowell LLC · 11 yrs held
Mkd Mcdowell LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$13.7M
+57.6%
Industrial (general)
$13.6M
+56.6%
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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,665,000
Current use
AUTO REPAIR, GARAGE
$13,650,000
Change: +58% · Conversion: Easy
INDUSTRIAL (GENERAL)
$13,565,000
Change: +57% · Conversion: Easy
Blend value · Realmo final
$8.38M
Range $7.54M – $9.21M · ±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
$194 / 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
$133,541
Tax year 2024
Assessed value
$12,077,412
Assessed 2024
Previous assessed
$12,077,412
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$3,534,851
Assessed improvement
$8,542,561
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
For Sale
Year built
1996
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Total area
43,197 SF
Lot
4.59 ac (199,940 SF)
APN
005-090-086-000
UPID
US09-1588358
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
WAREHOUSE, STORAGE Current
Est. value
$8.7M
AUTO REPAIR, GARAGE
Est. value
$13.7M
INDUSTRIAL (GENERAL)
Est. value
$13.6M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
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
1996
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
4.59 ac
Current owner
From public records · entity-resolved
Mkd Mcdowell LLC
Entity
Mailing address
1001 CANAL BLVDA1, RICHMOND, CA 94804-3533
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2025
—
Mkd Mcdowell LLC
—
Deed
related
$5,650,000 · Bank Of Marin
May 1, 2015
$10,175,000
Mkd Mcdowell LLC
Lba Realty Fund II-wbp II LLC
Grant Deed
$6,850,000 · Miscellaneous Ins Co
Mar 4, 2014
—
Lba Realty Fund II Wbp II LLC
Lba Real Y Fund II Wbp III LLC
Grant Deed
—
May 5, 2006
—
Lba Realty Fund II-wbp III LLC
Bedford Petaluma Spe INC
Grant Deed
—
Nov 25, 2003
—
Bedford Petaluma Spe INC
Bedford Property Investors
Quit Claim Deed
related
$6,200,000 · John Hancock Life Insurance Co
May 27, 1999
—
Bedford Property Investors INC
—
Deed Of Trust
related
$175,000,000 · Bank Of America
Jul 14, 1998
—
Bedford Property Investors INC
Oakmead 26 & 27
Grant Deed
related
—
Nov 14, 1995
—
Oakmead
Oakmead
Quit Claim Deed
related
—
Aug 28, 1995
—
26 Oakmead
—
Grant Deed
related
$3,160,000 · Mechanics Nat'l Bank Richmond
Jun 29, 1995
$297,000
Oakmead 26 & 27
Birkenstock Orthopaedie Gmbh
Trustees Deed
—
Jun 29, 1995
$325,000
Oakmead 26 & 27
Birkenstock Footprint Sandals
Trustees Deed
—
Nov 27, 1991
—
Foot Birkenstock
—
Deed Of Trust
related
—
—
—
Foot Birkenstock
—
Deed Of Trust
related
$600,000 · First Interstate Bank Californ
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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