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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Medical Office Space
2801 Waterman Blvd Ste 290 Fairfield, CA 94534-2972
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-2434228
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1993
Total area
1,777 SF
Lot
0.04 ac (1,777 SF)
APN
0152-080-120
UPID
US09-2434228
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$725k
CAP Approach
CAP
$470k
Comparable Approach
Comparable
$479k
Blend (final)
Blend
$600k
Owner & transaction history
Michael Pham Dds Ms INC · 3 yrs held
Michael Pham Dds Ms INC
since 2023
Last sale
$600,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$890,000
+87.3%
Neighborhood: shopping center
$500,000
+5.3%
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
$715,000
ML approach
$725,000
CAP Approach
CAP Return
Estimation
6%
$510,000
6.5%
$470,000
7%
$435,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$475,000
Current use
COMMERCIAL (GENERAL)
$890,000
Change: +87% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$500,000
Change: +5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$445,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Apr 25 2023)
Last sale anchor
$600k
Apr 25 2023
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
$338 / 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
$4,404
Tax year 2023
Assessed value
$392,358
Assessed 2023
Previous assessed
$392,358
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$90,540
Assessed improvement
$301,818
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1993
Heating
NONE
Stories
1
Total area
1,777 SF
Lot
0.04 ac (1,777 SF)
APN
0152-080-120
UPID
US09-2434228
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
MEDICAL BUILDING Current
Est. value
$475,000
COMMERCIAL (GENERAL)
Est. value
$890,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$500,000
AUTO REPAIR, GARAGE
Est. value
$445,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1993
Heating
NONE
Stories
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Michael Pham Dds Ms INC
Entity
Mailing address
2801 WATERMAN BLVD STE #290, FAIRFIELD, CA 94534-2972
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Apr 25, 2023
—
Michael Pham Dds Ms INC
Michael Pham Dds Ms INC
Intrafamily Transfer
related
—
Sep 30, 2022
$600,000
Pham Property LLC
Stephen P Holifield
Grant Deed
$510,000 · Provide INC
Jun 22, 2012
$325,000
Stephen P Holifield
Frank Casanova
Grant Deed
$260,000 · Wells Fargo Bank NA
Jul 7, 2003
—
Casonova,tr
Casonova,frank
Quit Claim Deed
related
—
Mar 7, 2000
$350,000
Frank Casanova
Dent,michael E & Leslie D
Grant Deed
$225,000 · Westamerica Bank
—
—
Frank Casanova
—
Deed Of Trust
related
$49,260 · Westamerica Bank
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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