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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Flex space
38 Commerce Pl Vacaville, CA 95687-4170
Individually Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1075219
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1980
Total area
8,450 SF
Lot
0.56 ac (24,393 SF)
APN
0135-352-160
UPID
US09-1075219
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
-
Vacaville Checker Cab Courier Service
-
Love's Dry Carpet Cleaning Carpet Cleaning Service Upholstery Cleaning Service
-
Strong Dry Carpet Cleaning Systems Carpet Cleaning Service Website Designer
-
Stink Stompers NorCal Construction Company General Contractor
-
Charity Car Donation Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.25M
Comparable Approach
Comparable
$665k
Blend (final)
Blend
$960k
Owner & transaction history
James B Huston · 10 yrs held
James B Huston
since 2016
7 recorded transactions
Zoning & alternative use
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 Vacaville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vacaville 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%
$1,350,000
6.5%
$1,245,000
7%
$1,155,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,435,000
Current use
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±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
$114 / 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
$10,423
Tax year 2023
Assessed value
$893,191
Assessed 2023
Previous assessed
$893,191
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$267,387
Assessed improvement
$625,804
Applied tax rate
6.0000
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
Off-Market
Year built
1980
Heating
NONE
Stories
1
Total area
8,450 SF
Lot
0.56 ac (24,393 SF)
APN
0135-352-160
UPID
US09-1075219
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
$1.4M
INDUSTRIAL (GENERAL) Current
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
1980
Heating
NONE
Stories
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
James B Huston
Individual
Mailing address
108 ROSS AVE APT #4, SAN ANSELMO, CA 94960-2940
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 24, 2025
—
The James B Huston Living Trus
—
Deed
related
$1,000,000 · Fidelis Private Fund LP
Mar 2, 2020
—
Huston,james B Living Trust
—
Deed
related
$536,000 · Bank Of The West
Jun 1, 2016
$785,000
James B Huston
Leong Family Trust
Grant Deed
$390,000 · Bank Of The West
Dec 3, 2010
—
Leong B K S & M L Living Trust
Leong,bernard K S
Affidavit Of Death
related
—
May 27, 2010
$350,000
Abc Self Storage Of Mountain View
Leong Family Trust
Grant Deed
—
May 10, 2000
$400,000
Bernard K Leong
Shragge,harmon M & Jorun Y
Grant Deed
$285,000 · Westamerica Bank
Dec 23, 1997
—
Harmon M Shragge
Shragge,jorun Y
Quit Claim Deed
related
$249,500 · Westamerica Bank
Nov 30, 1988
$295,000
Harmon M Shragge JR
Unknown
Grant Deed
—
—
—
Huston,james B Living Trust
—
Deed Of Trust
related
$536,000 · Bank Of The West
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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