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Property profile & analytics
FOR LEASE
Industrial land
2349 N Watney Way Fairfield, CA 94533
Entity Owned
5-yr Hold
Free & Clear
Property ID
US09-4101173
For Lease
1 / 6
$5,480,000
2349 N Watney Way, Fairfield, CA 94533
View Listing →
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1986
Total area
71,510 SF
Lot
0.18 ac (8,050 SF)
APN
0028-762-040
UPID
US09-4101173
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
-
Offco Offset Printing Co Marketing & Advertising Printing Service
-
Emergency Construction Services, Inc. Construction Company
-
Murphy Medical Transportation Inc Trucking Company
-
Material Handling Equipment Material Handling Equipment Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.43M
Blend (final)
Blend
$5.48M
Owner & transaction history
2349 North Watney Way LLC · 5 yrs held
2349 North Watney Way LLC
since 2021
7 recorded transactions
Zoning & alternative use
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
$5.48M
Range $4.93M – $6.03M · ±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
$77 / 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
$1,013
Tax year 2023
Assessed value
$76,554
Assessed 2023
Previous assessed
$76,554
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$76,554
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
For Lease
Year built
1986
Heating
NONE
Stories
2
Total area
71,510 SF
Lot
0.18 ac (8,050 SF)
APN
0028-762-040
UPID
US09-4101173
Jurisdiction
SOLANO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Stories
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
2349 North Watney Way LLC
Entity
Free & Clear · 5 yrs held
Mailing address
107 CLARK DR, SAN MATEO, CA 94402-1002
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2021
—
2349 North Watney Way LLC
Ann T Mitchell
Grant Deed
—
Dec 19, 2017
$8,400,000
Ann T Mitchell
Watney Industrial 1 LLC
Grant Deed
$3,900,000 · Jpmorgan Chase Bank NA
Aug 1, 2017
—
Watney Industrial 1 LLC
—
Grant Deed
related
$4,040,000 · Private Individual
Mar 2, 2000
—
Ditmer Trust
Ditmer Trust
Quit Claim Deed
related
—
Nov 9, 1989
$2,575,000
James N Ditmer
Five,star Jkj
Grant Deed
$1,450,000 · Sanwa Bank California
—
—
James N Ditmer
—
Deed Of Trust
related
—
—
—
Watney Industrial 1 LLC
—
Deed Of Trust
related
$4,040,000 · Private Individual
—
—
Ditner James N
—
Deed Of Trust
related
$120,000 · Sanwa Bank California
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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