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Property profile & analytics
OFF-MARKET
Estimated value
$37,605,000
Warehouses
3800 Lakeville Hwy Petaluma, CA 94954-5673
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3156097
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1966
Construction
TILT-UP CONCRETE
Total area
165,000 SF
Lot
9.99 ac (435,164 SF)
APN
005-090-093-000
UPID
US09-3156097
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
-
Morris Distributing Big Box & Wholesale Store Distribution Center
-
Nick's Vinyl Car Wraps (Bike/Boat/Book/etc) Store Printing Service
-
Brooks Automation, Inc. Electronics & Wireless Store
-
Friedman's Home Improvement Distribution Center Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$45.46M
Comparable Approach
Comparable
$38.31M
Blend (final)
Blend
$37.61M
Owner & transaction history
Edward J Conner · 3 yrs held
Edward J Conner
since 2022
Last sale
$32.5M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$60.6M
+83.2%
Auto repair, garage
$52.1M
+57.6%
Industrial (general)
$51.8M
+56.6%
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
$39,250,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$49,250,000
6.5%
$45,460,000
7%
$42,215,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$33,090,000
Current use
MEDICAL BUILDING
$60,625,000
Change: +83% · Conversion: Difficult
AUTO REPAIR, GARAGE
$52,145,000
Change: +58% · Conversion: Easy
INDUSTRIAL (GENERAL)
$51,820,000
Change: +57% · Conversion: Easy
Blend value · Realmo final
$37.61M
Range $33.84M – $41.37M · ±10% · vs last sale $32.50M (Sep 23 2022)
Last sale anchor
$32.50M
Sep 23 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
$228 / 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
$266,884
Tax year 2024
Assessed value
$24,144,665
Assessed 2024
Previous assessed
$24,144,665
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$8,534,163
Assessed improvement
$15,610,502
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Bathrooms
2
Total area
165,000 SF
Lot
9.99 ac (435,164 SF)
APN
005-090-093-000
UPID
US09-3156097
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
WAREHOUSE, STORAGE Current
Est. value
$33.1M
MEDICAL BUILDING
Est. value
$60.6M
AUTO REPAIR, GARAGE
Est. value
$52.1M
INDUSTRIAL (GENERAL)
Est. value
$51.8M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (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
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Bathrooms
2
Lot
9.99 ac
Current owner
From public records · entity-resolved
Edward J Conner
Individual
Mailing address
27 MAIDEN LN STE #250, SAN FRANCISCO, CA 94108-5442
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
Sep 23, 2022
$32,500,000
Edward J Conner
3800 Lakeville LLC
Grant Deed
—
Aug 30, 2016
—
3800 Lakeville LLC
—
Deed
related
$1,100,000 · Exchange Bank
Aug 13, 2015
—
Geoffrey B Friedman
Friedman Edith B Trust
Quit Claim Deed
—
Jun 15, 2015
—
Geoffrey B Friedman
Friedman Harry & E B Trustrt
Quit Claim Deed
—
Apr 12, 1994
$4,500,000
Friedman Trust
Friedman Trust
Grant Deed
related
$4,500,000 · Seller
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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