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Property profile & analytics
FOR LEASE
Manufacturing properties
2277 Pine View Way Petaluma, CA 94954
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1283609
For Lease
1 / 2
$25,685,000
2277 Pine View Way, Petaluma, CA 94954
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1988
Construction
TILT-UP CONCRETE
Total area
120,480 SF
Lot
6.87 ac (299,257 SF)
APN
005-090-076-000
UPID
US09-1283609
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
-
Workrite Ergonomics Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$27.34M
Comparable Approach
Comparable
$19.78M
Blend (final)
Blend
$25.69M
Owner & transaction history
G&l Ix Lagunitas 2 LP · 5 yrs held
G&l Ix Lagunitas 2 LP
since 2021
Last sale
$25.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$38.1M
+0.6%
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
$31,025,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$29,615,000
6.5%
$27,335,000
7%
$25,385,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$37,840,000
Current use
AUTO REPAIR, GARAGE
$38,075,000
Change: +1% · Conversion: Easy
RETAIL STORES
$33,780,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$25.69M
Range $23.12M – $28.25M · ±10% · vs last sale $25.15M (Apr 6 2021)
Last sale anchor
$25.15M
Apr 6 2021
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
$213 / 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
$295,092
Tax year 2024
Assessed value
$26,689,382
Assessed 2024
Previous assessed
$26,689,382
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$6,526,429
Assessed improvement
$20,162,953
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1988
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
NONE
Stories
2
Total area
120,480 SF
Lot
6.87 ac (299,257 SF)
APN
005-090-076-000
UPID
US09-1283609
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
INDUSTRIAL (GENERAL) Current
Est. value
$37.8M
AUTO REPAIR, GARAGE
Est. value
$38.1M
RETAIL STORES
Est. value
$33.8M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
1988
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
6.87 ac
Current owner
From public records · entity-resolved
G&l Ix Lagunitas 2 LP
Entity
Free & Clear · 5 yrs held
Mailing address
575 5TH AVE, NEW YORK, NY 10017-2422
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2021
—
G&i Ix Lagunitaas 2 LP
—
Deed
related
$50,000,000 · Metlife Real Estate Lending LLC
Apr 6, 2021
$25,150,000
G&l Ix Lagunitas 2 LP
Drake Soma Pineview Acuqisition LLC
Grant Deed
—
Apr 11, 2019
$19,950,000
Drake Soma Pineview Acquisitio
Lba Realty Fund II-company I L
Grant Deed
$15,760,500 · Inpoint Reit Operating Ptshp L
May 23, 2018
—
Lba Realty Fund II Co I LLC
—
Grant Deed
related
$190,200,000 · Bank Of America
Dec 29, 2016
$12,900,000
Lba Realty Fund II-co I LLC
Lba Realty Fund II-co X LLC
Trustees Deed
$45,500,000 · Bank Of America
Feb 1, 2016
—
Lba Realty Fund II Company X LLC
Lba Realty Fund II Company Viii LLC
Grant Deed
$151,000,000 · Wells Fargo Bank NA
Jul 1, 2011
—
Lba Realty Fund II-co Viii LLC
Lba Realty Fund II-wbp III LLC
Quit Claim Deed
$19,138,000 · Bank Of America
May 5, 2006
—
Lba Realty Fund II-wbp III LLC
Bedford Property Investors INC
Grant Deed
$263,723,000 · Sunamerica Life Insurance Co
Oct 10, 1997
—
Bedford Property INC
—
Deed Of Trust
related
$175,000,000 · Bank Of America
Jun 19, 1997
—
Bedford Property Investors INC
Properties INC
Quit Claim Deed
related
—
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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