Back to Search
Property profile & analytics
FOR LEASE
Flex space
2302 Courage Dr Fairfield, CA 94533
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-1046967
For Lease
1 / 3
$13,325,000
2302 Courage Dr, Fairfield, CA 94533
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2000
Total area
83,990 SF
Lot
4.85 ac (211,266 SF)
Zoning code
INDUSTRIAL
APN
0028-791-060
UPID
US09-1046967
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
$14.77M
Comparable Approach
Comparable
$15.08M
Blend (final)
Blend
$13.33M
Owner & transaction history
San Pedro Cove Properties Survivors · 1 yrs held
San Pedro Cove Properties Survivors
since 2025
5 recorded transactions
Zoning & alternative use
INDUSTRIAL · Fairfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$21.1M
+83.6%
Medical building
$17.1M
+48.6%
Retail stores
$15.4M
+33.4%
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%
$15,995,000
6.5%
$14,765,000
7%
$13,710,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$11,505,000
Current use
AUTO REPAIR, GARAGE
$21,120,000
Change: +84% · Conversion: Easy
MEDICAL BUILDING
$17,090,000
Change: +49% · Conversion: Difficult
RETAIL STORES
$15,350,000
Change: +33% · Conversion: Moderate
Blend value · Realmo final
$13.33M
Range $11.99M – $14.66M · ±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
$159 / 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
$134,739
Tax year 2023
Assessed value
$11,093,834
Assessed 2023
Previous assessed
$11,093,834
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$1,991,200
Assessed improvement
$9,102,634
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
2000
Heating
NONE
Stories
1
Total area
83,990 SF
Lot
4.85 ac (211,266 SF)
Zoning code
INDUSTRIAL
APN
0028-791-060
UPID
US09-1046967
Jurisdiction
SOLANO
Zoning & alternative use
INDUSTRIAL · Fairfield, CA
Zoning INDUSTRIAL · permitted uses
INDUSTRIAL · 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
INDUSTRIAL (GENERAL) Current
Est. value
$11.5M
AUTO REPAIR, GARAGE
Est. value
$21.1M
MEDICAL BUILDING
Est. value
$17.1M
RETAIL STORES
Est. value
$15.4M
INDUSTRIAL (GENERAL) 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
2000
Heating
NONE
Stories
1
Lot
4.85 ac
Current owner
From public records · entity-resolved
San Pedro Cove Properties Survivors
Entity
Mailing address
PO BOX 378, ALAMO, CA 94507-0378
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2025
—
San Pedro Cove Properties Survivors
Carl B Johnson
Quitclaim Deed
related
—
Sep 22, 2015
$9,750,000
Sade,paul & Eleanor Trust
Norman S Wright & Co
Grant Deed
—
Jul 14, 2000
—
Norman S Wright Co
Highridge Solano Lot 22 LLC
Grant Deed
related
—
Sep 16, 1999
—
Highridge Solano
Highridge Solano Associates
Quit Claim Deed
related
$4,060,000 · Fremont Investment & Loan
Jul 8, 1998
—
Highridge Solano Assoc LP
Solano Businell Park Assoc LP
Quit Claim Deed
related
$100,000 · Fremont Investment & Loan
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
