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Property profile & analytics
OFF-MARKET
Estimated value
$7,175,000
Warehouses
2300 Watney Way Fairfield, CA 94533-6720
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-0047606
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1993
Total area
67,510 SF
Lot
2.6 ac (113,256 SF)
Zoning code
INDUST
APN
0028-792-140
UPID
US09-0047606
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
-
Guala Closures North America Industrial Manufacturer Production Facility
-
Fred's Foods Inc. Food Processing Plant Factory
-
Chipman Relocation & Logistics Moving Company
-
Chipman Records Management Storage Facility
-
Chipman Relocation & Logistics - Agent for United Van Lines Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.85M
Blend (final)
Blend
$7.18M
Owner & transaction history
The Olive Oil Factory LLC · 2 yrs held
The Olive Oil Factory LLC
since 2024
7 recorded transactions
Zoning & alternative use
INDUST · Fairfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,470,000
Current use
Blend value · Realmo final
$7.18M
Range $6.46M – $7.89M · ±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
$106 / 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
$54,591
Tax year 2023
Assessed value
$4,686,715
Assessed 2023
Previous assessed
$4,686,715
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$614,369
Assessed improvement
$4,072,346
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
1993
Heating
NONE
Stories
1
Total area
67,510 SF
Lot
2.6 ac (113,256 SF)
Zoning code
INDUST
APN
0028-792-140
UPID
US09-0047606
Jurisdiction
SOLANO
Zoning & alternative use
INDUST · Fairfield, CA
Zoning INDUST · permitted uses
INDUST · 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
$8.5M
WAREHOUSE, STORAGE Current
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
1993
Heating
NONE
Stories
1
Lot
2.6 ac
Current owner
From public records · entity-resolved
The Olive Oil Factory LLC
Entity
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2024
—
The Olive Oil Factory LLC
North Watney R E Holdings LLC
Lease
$4,908,000 · Capital Access Group INC
Jan 2, 2024
—
Thomas M Chipman
Thomas M Chipman
Intrafamily Transfer
related
—
Dec 29, 2023
—
John H Chipman
John H Chipman
Intrafamily Transfer
related
$4,800,000 · First Citizens Bank & Trust Co
Dec 29, 2023
$12,000,000
North Watney R E Holdings LLC
John H Chipman
Grant Deed
$6,000,000 · First Citizens Bank & Trust Co
Jun 12, 2018
—
Hofmann Holdings LP
—
Trust Deed
related
$43,500,000 · First Republic Bk
Jul 19, 2016
—
Clem-ontko Living Trust
Ontko,nanci
Quit Claim Deed
related
—
Dec 27, 2007
$35,000
Thomas M Chipman
Killian,paul & Marsha
Quit Claim Deed
related
—
Apr 10, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Nov 18, 2005
—
Garrett Family Trust
Chipman,john H & Sharon Z
Grant Deed
—
May 5, 2005
$4,203,000
John H Chipman
Elvidge,ronald P
Grant Deed
$2,103,000 · Mechanics Bank
Jul 30, 2004
—
Ronald P Elvidge
Elvidge,carla N
Quit Claim Deed
related
$2,400,000 · Far East National Bank
Dec 23, 1998
$2,900,000
Bp Solar INC
Cje INC
Grant Deed
—
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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