Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2196 Redwood Rd Napa, CA 94558-3218
    Back to Search
    Property profile & analytics

    2196 Redwood Rd, Napa, CA 94558-3218

    View on Map
    • Apartment buildings
    • 6,189 SF
    • 0.57 lot acres
    Off-Market
    Property ID
    US09-1565026
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,580,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2196 Redwood Rd

    Year built
    1966
    Construction
    WOOD
    Lot size
    0.57 lot acres
    Zone code
    RM
    Property type
    Apartment buildings
    APN
    007-314-001-000
    APU
    7314001000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 8, 2016 — Fair Way Mgmt LLC — Deed · related $1.8M · Bank Of Marin
    May 24, 2016 $2,532,500 Fair Way Mgmt LLC Morgese Irma M Trust Grant Deed —
    May 24, 2016 — Albert J Morgese Morgese,irma T N Affidavit Of Death · related —
    Oct 3, 1995 $626,000 Morgese Trust Paniagua,edward Grant Deed $390k · World Savings Bank
    Apr 14, 1995 — Edward Paniagua Paniagua,harriet E Quit Claim Deed · related $175k · World Savings & Loan
    — — Fair Way Mgmt LLC — Deed Of Trust · related $1.8M · Bank Of Marin

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,655,000
      6.5%
      $1,525,000
      7%
      $1,420,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $2,535,000
      Current use
      COMMERCIAL (GENERAL)
      $2,085,000
      Change: -18% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Napa
    County
    Napa
    State
    California
    Longitude
    -122.314
    Latitude
    38.3207
    CBSA code
    34900
    CBSA name
    NAPA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $37,794
    $783,393
    $2,155,784
    $2,939,177
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $520,000
      2.24 Acres

      639 Riv Gln Dr

      APARTMENT HOUSE (5+ UNITS)
      639 Riv Gln Dr, Napa, CA 94558-3581
      View Details
    • Value Estimation
      $580,000
      1.00 Acres

      2841 Soscol Ave

      APARTMENT HOUSE (5+ UNITS)
      2841 Soscol Ave, Napa, CA 94558-3537
      View Details
    • Value Estimation
      $620,000
      0.91 Acres

      500 Stonehouse Dr

      APARTMENT HOUSE (5+ UNITS)
      500 Stonehouse Dr, Napa, CA 94558
      View Details
    • Value Estimation
      $560,000
      1.28 Acres

      2412 Old Sonoma Rd

      APARTMENT HOUSE (5+ UNITS)
      2412 Old Sonoma Rd, Napa, CA 94558-6062
      View Details
    • Value Estimation
      $36,570,000
      178,537 SF

      727 Central Ave

      APARTMENT HOUSE (5+ UNITS)
      727 Central Ave, Napa, CA 94558-5113
      View Details
    • Value Estimation
      $1,325,000
      5,487 SF

      2619 1st St

      APARTMENT HOUSE (5+ UNITS)
      2619 1st St, Napa, CA 94558-5526
      View Details

    Similar Nearby for Sale

    • $1,300,000
      0.51 Acres

      Napa Quadruplex Investment Opportunity

      Rare Napa property with income potential and future development possibilities.
      1236 El Centro Ave, Napa, CA 94558
      View Details
    • $335,000
      1,053 SF

      Napa Residential Property for Sale

      Residential property in Napa, CA, available for purchase.
      40 Falcon Crest Cir, Napa, CA 94558
      View Details
    • $10,000,000
      12,700 SF

      Napa Valley Mixed-Use Opportunity

      4.2-acre property with commercial, agricultural, and residential potential.
      3106 Golden Gate Dr, Napa, CA 94558
      View Details
    • $743,000
      1,410 SF

      Versatile Napa Commercial Opportunity

      Pristine 1,410 sq ft property in the heart of Napa.
      525 Lincoln Ave, Napa, CA 94558
      View Details
    • Contact for pricing

      Napa Land with Approved Plans

      4-acre Napa lot with permitted plans for estate.
      1776 Monticello Rd, Napa, CA 94558
      View Details
    • $7,000,000

      Napa Development Site Opportunity

      5.57-acre development site in Napa, California.
      2018 Silverado Trl, Napa, CA 94558
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Napa Industrial Single Tenant Space

      Single tenant industrial space available for lease in Napa, CA.
      902 Enterprise Way, Napa, CA 94558
      View Details
    • Contact for pricing
      16,076 SF

      Napa Industrial Space For Lease

      16,076 SF industrial space with highway access near wineries.
      2557 Napa Valley Corporate Dr, Napa, CA 94558
      View Details
    • Contact for pricing
      3,367 SF

      Napa Office Space Available

      Office suite featuring private offices, kitchen, and conference rooms.
      550 Gateway Dr, Napa, CA 94558
      View Details
    • Contact for pricing
      2,200 SF

      Industrial Warehouse Space in Napa

      1,000 SF industrial warehouse space available for rent.
      1760 Industrial Way, Napa, CA 94558
      View Details
    • Contact for pricing
      4,300 SF

      American Canyon Warehouse Space Available

      Warehouse space with highway access in American Canyon, CA.
      124 Tower Rd, American Canyon, CA 94558
      View Details
    • Contact for pricing

      Napa Valley Office Space Available

      Single-story office space with private offices, conference rooms, and kitchenette.
      851 Napa Valley Corporate Way, Napa, CA 94558
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2196 Redwood Rd
    Napa, CA 94558-3218
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2196 Redwood Rd, Napa, CA, 94558
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!