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Property profile & analytics
OFF-MARKET
Estimated value
$2,015,000
Manufacturing properties
300 Water St Petaluma, CA 94952-2306
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1337679
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1945
Construction
WOOD
Total area
8,510 SF
Lot
1.21 ac (52,707 SF)
APN
006-163-062-000
UPID
US09-1337679
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
by Request
CAP Approach
CAP
$1.93M
Comparable Approach
Comparable
$2.22M
Blend (final)
Blend
$2.02M
Owner & transaction history
Water Street Properties LLC · 8 yrs held
Water Street Properties LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.3M
+38.2%
Medical building
$3.1M
+31.7%
Auto repair, garage
$2.7M
+13.3%
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 Petaluma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Petaluma 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%
$2,090,000
6.5%
$1,930,000
7%
$1,795,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,375,000
Current use
COMMERCIAL (GENERAL)
$3,280,000
Change: +38% · Conversion: Difficult
MEDICAL BUILDING
$3,125,000
Change: +32% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,690,000
Change: +13% · Conversion: Easy
RETAIL STORES
$2,495,000
Change: +5% · Conversion: Moderate
OFFICE BUILDING
$2,425,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$2.02M
Range $1.81M – $2.22M · ±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
$237 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$26,716
Tax year 2024
Assessed value
$2,471,196
Assessed 2024
Previous assessed
$2,471,196
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$2,283,455
Assessed improvement
$187,741
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1945
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Total area
8,510 SF
Lot
1.21 ac (52,707 SF)
APN
006-163-062-000
UPID
US09-1337679
Jurisdiction
SONOMA
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
$2.4M
COMMERCIAL (GENERAL)
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$2.7M
RETAIL STORES
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.4M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
1945
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
Water Street Properties LLC
Entity
Mailing address
855 LAKEVILLE ST STE #200, PETALUMA, CA 94952-7329
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2018
—
Water Street Properties LLC
—
Deed
related
$1,200,000 · Spanos Corp
Jan 9, 2018
—
Water Street Properties LLC
—
Deed
related
$2,250,000 · First Republic Bank
Dec 21, 2017
$700,000
Water Street Properties LLC
Sonoma-marin Area Rail Transit
Quit Claim Deed
related
—
Dec 21, 2017
$500,000
Water Street Properties LLC
North Coast Rail Authority
Quit Claim Deed
related
—
Dec 5, 2017
—
Water Street Properties LLC
Livermore Properties LLC
Quit Claim Deed
—
Dec 16, 2016
$4,165,000
Livermore Properties LLC
Lauren Renee Clyde
Grant Deed
$1,725,000 · Comerica Bank
Apr 19, 2016
—
Lauren R Clyde
Schram,deborah K
Affidavit Of Death
related
—
Nov 21, 1996
—
River Trust
Parkinson,barry D
Quit Claim Deed
related
—
Apr 7, 1995
—
Up River Trust
Schram,frederick K & Deborah A
Grant Deed
related
—
—
—
Water Street Properties LLC
—
Deed Of Trust
related
$1,200,000 · Spanos Corp
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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