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Property profile & analytics
OFF-MARKET
Estimated value
$8,740,000
Flex space
2475 Courage Dr Fairfield, CA 94533-6723
Individually Owned
22-yr Hold
Free & Clear
Property ID
US09-0255904
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2003
Total area
50,288 SF
Lot
4.65 ac (202,554 SF)
Zoning code
LT IND
APN
0028-230-500
UPID
US09-0255904
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
-
Courage Production Food Processing Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.84M
Comparable Approach
Comparable
$9.35M
Blend (final)
Blend
$8.74M
Owner & transaction history
Construction Buntain · 22 yrs held
Construction Buntain
since 2003
2 recorded transactions
Zoning & alternative use
LT IND · Fairfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$14.2M
+105.6%
Auto repair, garage
$12.6M
+83.6%
Medical building
$10.2M
+48.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,575,000
6.5%
$8,840,000
7%
$8,210,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,890,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$14,160,000
Change: +106% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,645,000
Change: +84% · Conversion: Easy
MEDICAL BUILDING
$10,235,000
Change: +49% · Conversion: Difficult
RETAIL STORES
$9,190,000
Change: +33% · Conversion: Moderate
Blend value · Realmo final
$8.74M
Range $7.87M – $9.61M · ±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
$174 / 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
$103,797
Tax year 2023
Assessed value
$8,788,870
Assessed 2023
Previous assessed
$8,788,870
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$2,118,754
Assessed improvement
$6,670,116
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
2003
Heating
NONE
Stories
2
Total area
50,288 SF
Lot
4.65 ac (202,554 SF)
Zoning code
LT IND
APN
0028-230-500
UPID
US09-0255904
Jurisdiction
SOLANO
Zoning & alternative use
LT IND · Fairfield, CA
Zoning LT IND · permitted uses
LT IND · 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
$6.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.2M
AUTO REPAIR, GARAGE
Est. value
$12.6M
MEDICAL BUILDING
Est. value
$10.2M
RETAIL STORES
Est. value
$9.2M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
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
2003
Heating
NONE
Stories
2
Lot
4.65 ac
Current owner
From public records · entity-resolved
Construction Buntain
Individual
Free & Clear · 22 yrs held
Mailing address
32 BRANDON CT, COPPEROPOLIS, CA 95228-9410
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2003
—
Construction Buntain
Engelhart,john & Margaret
Quit Claim Deed
related
—
Aug 8, 2003
$6,812,500
Marjon LLC
Buntain Construction
Grant Deed
$4,444,000 · Citibank West Fsb
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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