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Property profile & analytics
OFF-MARKET
Estimated value
$10,630,000
Warehouses
2449 Watney Way Fairfield, CA 94533-6704
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US10-2970165
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Total area
67,678 SF
Lot
4.53 ac (197,326 SF)
APN
0028-772-090
UPID
US10-2970165
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
-
Golden Brands Big Box & Wholesale Store
-
Main Electric Supply Building Supply Electrical Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.91M
Blend (final)
Blend
$10.63M
Owner & transaction history
Sg Fairfield LLC · 4 yrs held
Sg Fairfield LLC
since 2022
Last sale
$10.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$17.0M
+100.4%
Medical building
$13.8M
+62.2%
Retail stores
$12.4M
+45.6%
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 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
$11,995,000
ML approach
$10,510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,490,000
Current use
AUTO REPAIR, GARAGE
$17,020,000
Change: +100% · Conversion: Easy
MEDICAL BUILDING
$13,770,000
Change: +62% · Conversion: Difficult
RETAIL STORES
$12,365,000
Change: +46% · Conversion: Moderate
Blend value · Realmo final
$10.63M
Range $9.57M – $11.69M · ±10% · vs last sale $10.68M (Jan 6 2022)
Last sale anchor
$10.68M
Jan 6 2022
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
$157 / 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
$127,398
Tax year 2023
Assessed value
$10,888,500
Assessed 2023
Previous assessed
$10,888,500
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$2,213,400
Assessed improvement
$8,675,100
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
1999
Heating
NONE
Stories
3
Total area
67,678 SF
Lot
4.53 ac (197,326 SF)
APN
0028-772-090
UPID
US10-2970165
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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$8.5M
AUTO REPAIR, GARAGE
Est. value
$17.0M
MEDICAL BUILDING
Est. value
$13.8M
RETAIL STORES
Est. value
$12.4M
WAREHOUSE, STORAGE 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
1999
Heating
NONE
Stories
3
Lot
4.53 ac
Current owner
From public records · entity-resolved
Sg Fairfield LLC
Entity
Mailing address
3600 W SEGERSTROM AVE, SANTA ANA, CA 92704-6408
Ownership since
2022
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
Jan 6, 2022
$10,675,000
Sg Fairfield LLC
Lone Oak Fairfield LLC
Grant Deed
$8,100,000 · Comerica Bank
Sep 20, 2019
—
Lone Oak Fairfield LLC
Dbi Properties LLC
Grant Deed
$4,485,000 · Suntrust Bank
Apr 19, 2018
—
Dbi Props LLC
—
Grant Deed
related
$17,500,000 · Wells Fargo Bk
Oct 7, 2013
—
Dbi Properties LLC
Watney
Grant Deed
$11,800,000 · Wells Fargo Bank NA
Oct 29, 2007
—
Watney D&s LLC
Fpa Watney Associates LP
Grant Deed
$3,500,000 · Wells Fargo Bank NA
Jul 17, 2007
$4,100,000
Fpa Watney Associates
1999 Anderson Family
Grant Deed
—
Jul 27, 2001
—
1999 Anderson Family LP
Carlsen Investments LLC
Grant Deed
$2,500,000 · Wells Fargo Bank
—
—
Dbi Properties LLC
—
Loan Modification
related
$14,485,000 · Wells Fargo Bk
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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