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Property profile & analytics
OFF-MARKET
Estimated value
$4,285,000
Manufacturing properties
350 Morris St Sebastopol, CA 95472-3806
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1746536
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1988
Construction
WOOD
Total area
19,200 SF
Lot
1.11 ac (48,351 SF)
APN
004-011-070-000
UPID
US09-1746536
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
-
Rhyne Design Custom Cabinets General Contractor Renovation Specialist
-
KLR Machines Inc Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.35M
CAP Approach
CAP
$4.36M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.29M
Owner & transaction history
First Republic Bank · 4 yrs held
First Republic Bank
since 2022
Last sale
$4.2M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.1M
+13.5%
Retail stores
$6.4M
+3.7%
Office building
$6.3M
+1.7%
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 Sebastopol submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sebastopol 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
$4,305,000
ML approach
$4,345,000
CAP Approach
CAP Return
Estimation
6%
$4,720,000
6.5%
$4,355,000
7%
$4,045,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,215,000
Current use
MEDICAL BUILDING
$7,055,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$6,445,000
Change: +4% · Conversion: Moderate
OFFICE BUILDING
$6,320,000
Change: +2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,070,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$4.29M
Range $3.86M – $4.71M · ±10% · vs last sale $4.21M (Jun 2 2022)
Last sale anchor
$4.21M
Jun 2 2022
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
$223 / 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
$49,914
Tax year 2024
Assessed value
$4,374,882
Assessed 2024
Previous assessed
$4,374,882
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,040,400
Assessed improvement
$3,334,482
Applied tax rate
5.0000
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
1988
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Total area
19,200 SF
Lot
1.11 ac (48,351 SF)
APN
004-011-070-000
UPID
US09-1746536
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
$6.2M
MEDICAL BUILDING
Est. value
$7.1M
RETAIL STORES
Est. value
$6.4M
OFFICE BUILDING
Est. value
$6.3M
AUTO REPAIR, GARAGE
Est. value
$6.1M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
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
1988
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.11 ac
Current owner
From public records · entity-resolved
First Republic Bank
Entity
Free & Clear · 4 yrs held
Mailing address
20 MANZANITA AVE, SAN RAFAEL, CA 94901-2522
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2022
—
First Republic Bank
350 Morris Street LLC
Assignment Of Lease (leasehold Sale)
—
Jun 2, 2022
$4,205,000
350 Morris Street LLC
Richard Warren Geernaert
Grant Deed
$2,535,000 · First Republic Bank
Feb 28, 1992
—
Christ Greenaert
Geernaert,trust
Grant Deed
$137,669 · Individual
—
—
Richard Geernaert
—
Deed Of Trust
related
$280,000 · Geernaert Gloria
—
—
Richard Geernaert
—
Deed Of Trust
related
$95,000 · Great American Fed'l Savings
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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