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Property profile & analytics
FOR LEASE
Flex space
2477 Courage Dr Fairfield, CA 94534
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US09-0168745
For Lease
1 / 3
$3,500,000
2477 Courage Dr, Fairfield, CA 94534
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2004
Total area
22,380 SF
Lot
1.69 ac (73,616 SF)
APN
0028-230-550
UPID
US09-0168745
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
-
Stannah General Contractor Construction Company
-
J.C. Nelson Supply Co. Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.94M
Comparable Approach
Comparable
$3.93M
Blend (final)
Blend
$3.50M
Owner & transaction history
Jason M Nelson · 8 yrs held
Jason M Nelson
since 2018
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.6M
+83.6%
Medical building
$4.6M
+48.6%
Retail stores
$4.1M
+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%
$4,260,000
6.5%
$3,935,000
7%
$3,655,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,065,000
Current use
AUTO REPAIR, GARAGE
$5,630,000
Change: +84% · Conversion: Easy
MEDICAL BUILDING
$4,555,000
Change: +49% · Conversion: Difficult
RETAIL STORES
$4,090,000
Change: +33% · Conversion: Moderate
Blend value · Realmo final
$3.50M
Range $3.15M – $3.85M · ±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
$156 / 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
$33,998
Tax year 2023
Assessed value
$2,887,947
Assessed 2023
Previous assessed
$2,887,947
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$577,587
Assessed improvement
$2,310,360
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
2004
Heating
NONE
Stories
3
Total area
22,380 SF
Lot
1.69 ac (73,616 SF)
APN
0028-230-550
UPID
US09-0168745
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
INDUSTRIAL (GENERAL) Current
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$5.6M
MEDICAL BUILDING
Est. value
$4.6M
RETAIL STORES
Est. value
$4.1M
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
2004
Heating
NONE
Stories
3
Lot
1.69 ac
Current owner
From public records · entity-resolved
Jason M Nelson
Individual
Mailing address
2477 COURAGE DRA, FAIRFIELD, CA 94533-6723
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2018
—
Jason M Nelson
—
Deed
related
$610,654 · Shawn M Nelson
Jan 17, 2018
—
Jason M Nelson
2007 James C N Trust
Grant Deed
related
$1,750,000 · Bank Of The West
Jan 6, 2015
—
Jason Nelson
Nelson,james C
Affidavit Of Death
related
—
Sep 7, 2004
$2,572,500
James C Nelson
Buntain Construction INC
Grant Deed
$1,900,000 · Western Sierra National Bank
Jun 30, 2004
—
Buntain Construction INC
—
Trustees Deed
related
$2,662,500 · Wells Fargo Bank
—
—
Jason M Nelson
—
Deed Of Trust
related
$610,654 · Shawn M Nelson
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?”
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