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Property profile & analytics
OFF-MARKET
Estimated value
$8,870,000
Flex space
2339 Courage Dr Fairfield, CA 94533-6716
Entity Owned
~
Est. High Equity
Property ID
US09-1050740
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1999
Total area
108,000 SF
Lot
2.96 ac (128,937 SF)
Zoning code
INDUSTRIAL
APN
0028-771-240
UPID
US09-1050740
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
-
Elliott Group Factory Industrial Manufacturer
-
Veteran Welding and Metal Fabrication General Contractor
-
Golden Gate Beds Production Facility Factory
-
PRIDE Industries - Fairfield Office Employment Agency
-
Apria Healthcare Home Health Care Service Oxygen Equipment Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.72M
Blend (final)
Blend
$8.87M
Owner & transaction history
Courage Drive 4 LLC
Courage Drive 4 LLC
since 2026
7 recorded transactions
Zoning & alternative use
INDUSTRIAL · 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
Blend value · Realmo final
$8.87M
Range $7.98M – $9.76M · ±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
$82 / 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
$73,532
Tax year 2023
Assessed value
$5,854,897
Assessed 2023
Previous assessed
$5,854,897
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$1,220,847
Assessed improvement
$4,634,050
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
Off-Market
Year built
1999
Heating
NONE
Stories
1
Total area
108,000 SF
Lot
2.96 ac (128,937 SF)
Zoning code
INDUSTRIAL
APN
0028-771-240
UPID
US09-1050740
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.
Building & site characteristics
From public records
Year built
1999
Heating
NONE
Stories
1
Lot
2.96 ac
Current owner
From public records · entity-resolved
Courage Drive 4 LLC
Entity
Mailing address
1 BLACKFIELD DR #101, TIBURON, CA 94920-2053
Ownership since
2026
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
Jan 21, 2026
—
Courage Drive 4 LLC
Courage Drive 1 LP
Grant Deed
$8,400,000 · Holders Of Bank 2019 Bnk19 Commercial Mo
Jul 17, 2019
—
Courage Drive 1 LP
—
Deed
related
$8,400,000 · Wells Fargo Bk
May 30, 2019
—
Courage Drive 1 LP
—
Grant Deed
related
$8,400,000 · Wells Fargo Bk
Oct 30, 2012
—
Courage Drive 1 LP
Courage Industrial 1 LLC
Grant Deed
—
Dec 19, 2007
—
Victoria Lewis
Lewis,jason
Quit Claim Deed
$6,050,000 · Wells Fargo Bank NA
Nov 30, 2007
—
Victoria Lewis
Courage Drive One Assocs LLC
Grant Deed
—
Aug 15, 2003
—
Freiberg,tr
—
Deed Of Trust
related
$3,400,000 · Luther Burbank Savings & Loan
Jun 23, 2003
—
Henshaw,tr
Henshaw,guy R & Susan S
Quit Claim Deed
related
—
Apr 4, 2003
—
Freiberg,tr
—
Deed Of Trust
related
$3,300,000 · Bank Of Petaluma
Aug 15, 2000
—
Freiberg Trust
Highridge Solano-lot 15 LLC
Grant Deed
$3,000,000 · Sonoma Valley Bank
Jan 29, 1999
—
Highridge Solano-lot 15 LLC
Highridge Solano Assoc LLC
Quit Claim Deed
related
$4,850,000 · 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.
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