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Property profile & analytics
OFF-MARKET
Estimated value
$10,770,000
Industrial properties
380 Industrial Ct Benicia, CA 94510-1138
Individually Owned
24-yr Hold
~
Est. High Equity
Property ID
US09-1871231
Property profile
Verified
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Year built
2001
Total area
81,240 SF
Lot
8.22 ac (358,063 SF)
Zoning code
INDUSTRIAL
APN
0080-250-480
UPID
US09-1871231
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
-
Romak Iron Works Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.40M
Comparable Approach
Comparable
$12.09M
Blend (final)
Blend
$10.77M
Owner & transaction history
Romak Iron Works Works · 24 yrs held
Romak Iron Works Works
since 2001
7 recorded transactions
Zoning & alternative use
INDUSTRIAL · Benicia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$17.5M
+37.0%
Commercial (general)
$16.7M
+30.4%
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 Benicia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Benicia 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%
$13,425,000
6.5%
$12,395,000
7%
$11,510,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$12,775,000
Current use
RETAIL STORES
$17,505,000
Change: +37% · Conversion: Moderate
COMMERCIAL (GENERAL)
$16,655,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$10.77M
Range $9.69M – $11.85M · ±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
$133 / 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
$112,387
Tax year 2023
Assessed value
$9,456,985
Assessed 2023
Previous assessed
$9,456,985
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,881,423
Assessed improvement
$7,575,562
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
HEAVY INDUSTRIAL
Status
Off-Market
Year built
2001
Heating
NONE
Stories
3
Total area
81,240 SF
Lot
8.22 ac (358,063 SF)
Zoning code
INDUSTRIAL
APN
0080-250-480
UPID
US09-1871231
Jurisdiction
SOLANO
Zoning & alternative use
INDUSTRIAL · Benicia, CA
Zoning INDUSTRIAL · permitted uses
INDUSTRIAL · Benicia, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Benicia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$12.8M
RETAIL STORES
Est. value
$17.5M
COMMERCIAL (GENERAL)
Est. value
$16.7M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
2001
Heating
NONE
Stories
3
Lot
8.22 ac
Current owner
From public records · entity-resolved
Romak Iron Works Works
Individual
Mailing address
380 INDUSTRIAL CT, BENICIA, CA 94510-1138
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2001
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 18, 2019
—
Romak Iron Works
—
Deed
related
$4,920,000 · First Nthrn Bk/dixon
Sep 20, 2017
—
Romak Iron Works
—
Deed
related
$2,720,000 · California Bk/commerce
Sep 10, 2001
$1,775,000
Romak Iron Works Works
Fre Forty-one
Grant Deed
—
—
—
Romak Iron Works
—
Deed Of Trust
related
$4,920,000 · First Nthrn Bk/dixon
—
—
Ksr Development LLC
—
Deed Of Trust
related
$3,200,000 · Mechanics Bank
—
—
Iron Works Romak
—
Deed Of Trust
related
$2,850,000 · Pacific Enterprise Bank
—
—
Iron Works Romak
—
Deed Of Trust
related
$3,300,000 · Ge Capital Public Finance
—
—
Romak Iron Works
—
Deed Of Trust
related
$2,720,000 · California Bk/commerce
—
—
Iron Works Romak
—
Deed Of Trust
related
$3,200,000 · California Commerce 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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