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Property profile & analytics
OFF-MARKET
Estimated value
$6,180,000
Industrial properties
2900 Spafford St Davis, CA 95618-6811
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-2305308
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1997
Construction
TILT-UP CONCRETE
Total area
23,940 SF
Lot
1.67 ac (72,745 SF)
Zoning code
I
APN
071-403-003-000
UPID
US09-2305308
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
-
UC Davis Center for Spaceflight Research University
-
Z-World Inc (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.90M
Comparable Approach
Comparable
$7.14M
Blend (final)
Blend
$6.18M
Owner & transaction history
Watt Elkorn Partiees LLC · 9 yrs held
Watt Elkorn Partiees LLC
since 2016
7 recorded transactions
Zoning & alternative use
I · Davis, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Davis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Davis 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%
$4,220,000
6.5%
$3,895,000
7%
$3,615,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,510,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$6.18M
Range $5.56M – $6.80M · ±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
$258 / 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
$2,088
Tax year 2023
Assessed value
$8,310,613
Assessed 2023
Previous assessed
$8,310,613
+0.0% YoY
Effective rate
0.03%
On assessed value
Assessed land
$1,617,500
Assessed improvement
$6,693,113
Applied tax rate
1.0000
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1997
Construction
TILT-UP CONCRETE
Heating
YES
Stories
1
Total area
23,940 SF
Lot
1.67 ac (72,745 SF)
Zoning code
I
APN
071-403-003-000
UPID
US09-2305308
Jurisdiction
YOLO
Zoning & alternative use
I · Davis, CA
Zoning I · permitted uses
I · Davis, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Davis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.5M
APARTMENT HOUSE (5+ UNITS)
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
1997
Construction
TILT-UP CONCRETE
Heating
YES
Stories
1
Lot
1.67 ac
Current owner
From public records · entity-resolved
Watt Elkorn Partiees LLC
Entity
Mailing address
837 JEFFERSON BLVD, WEST SACRAMENTO, CA 95691-3205
Ownership since
2016
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
Oct 14, 2016
$7,450,000
Watt Elkorn Partiees LLC
Buckell Invewstment LLC
Grant Deed
$4,900,000 · The Merchants Natl Bank Of Sacramento
Feb 12, 2016
—
Gray-affrime Family Trust
Gray,h James
Quit Claim Deed
related
—
Jun 19, 2015
—
Buckel Investments LLC
—
Trustees Deed
related
$555,000 · First Nthrn Bk/dixon
Jan 14, 2015
—
Buckel Investments LLC|rb Johnson Investments LLC
Penrod Family LP
Grant Deed
related
—
Dec 18, 2014
—
Buckel Investments LLC|rb Johnson Investments LLC
Penrod Family LP
Grant Deed
$1,200,000 · First Nthrn Bk/dixon
Jul 2, 2012
—
Penrod Family LP
Penrod Family Trust
Quit Claim Deed
related
—
Dec 16, 2002
—
Penrod,tr
Nl Rogers INC
Grant Deed
related
$800,000 · Bank Of Walnut Creek
—
—
Buckel Investments LLC
—
Loan Modification
related
$1,000,000 · First Nthrn Bk/dixon
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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