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Property profile & analytics
FOR LEASE
Flex space
2487 Courage Dr Fairfield, CA 94534
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-3656936
For Lease
1 / 2
$4,360,000
2487 Courage Dr, Fairfield, CA 94534
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2007
Total area
21,226 SF
Lot
0.16 ac (6,940 SF)
APN
0028-960-060
UPID
US09-3656936
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
-
SCP Distributors LLC (Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
QuestMark General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.88M
CAP Approach
CAP
$3.73M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.36M
Owner & transaction history
Courage Investments LLC · 4 yrs held
Courage Investments LLC
since 2021
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.0M
+105.6%
Auto repair, garage
$5.3M
+83.6%
Medical building
$4.3M
+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
$4,835,000
ML approach
$4,880,000
CAP Approach
CAP Return
Estimation
6%
$4,045,000
6.5%
$3,730,000
7%
$3,465,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,910,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,975,000
Change: +106% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,335,000
Change: +84% · Conversion: Easy
MEDICAL BUILDING
$4,320,000
Change: +49% · Conversion: Difficult
RETAIL STORES
$3,880,000
Change: +33% · Conversion: Moderate
Blend value · Realmo final
$4.36M
Range $3.92M – $4.80M · ±10% · vs last sale $4.18M (Dec 15 2021)
Last sale anchor
$4.18M
Dec 15 2021
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
$205 / 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
$16,585
Tax year 2023
Assessed value
$1,426,980
Assessed 2023
Previous assessed
$1,426,980
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$306,000
Assessed improvement
$1,120,980
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
2007
Heating
NONE
Stories
3
Total area
21,226 SF
Lot
0.16 ac (6,940 SF)
APN
0028-960-060
UPID
US09-3656936
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
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.0M
AUTO REPAIR, GARAGE
Est. value
$5.3M
MEDICAL BUILDING
Est. value
$4.3M
RETAIL STORES
Est. value
$3.9M
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
2007
Heating
NONE
Stories
3
Lot
0.16 ac
Current owner
From public records · entity-resolved
Courage Investments LLC
Entity
Mailing address
PO BOX 254590, SACRAMENTO, CA 95865-4590
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
Dec 15, 2021
$4,175,000
Courage Investments LLC
Innova Fund II LLC
Grant Deed
$2,922,500 · Farmers & Merchants Bank Of Central
Apr 4, 2019
—
Busch III Condo Owners Assn
—
Deed
related
—
Aug 22, 2018
$2,885,000
Innova Fund II LLC
San Clements
Grant Deed
$2,000,000 · Central Valley Community Bank
Aug 22, 2018
—
Innova Fund II LLC
—
Deed
related
$2,000,000 · Central Valley Community Bank
Oct 27, 2008
$2,402,435
San Clemente Srl
Buntain Properties LLC
Grant Deed
—
Jan 28, 2008
$1,010,000
Michael Boyer
Buntain Properties LLC
Grant Deed
$629,946 · Bank Of America
Dec 5, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Busch III Condo Owners Assn
—
Loan Modification
related
—
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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