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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Flex space
3860 Industrial Way Benicia, CA 94510-1200
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US10-2618856
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1984
Total area
9,016 SF
Lot
0.57 ac (24,655 SF)
APN
0080-090-550
UPID
US10-2618856
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
-
Winnie's Organic Animal Products Bakery Specialty Food Shop
-
EvoCann Consultant
-
Jaunt LLC (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$989k
Blend (final)
Blend
$850k
Owner & transaction history
First Republic Bank · 3 yrs held
First Republic Bank
since 2022
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 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$850k
Range $765k – $935k · ±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
$94 / 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
$9,208
Tax year 2023
Assessed value
$773,856
Assessed 2023
Previous assessed
$773,856
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$141,988
Assessed improvement
$631,868
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1984
Heating
NONE
Stories
2
Total area
9,016 SF
Lot
0.57 ac (24,655 SF)
APN
0080-090-550
UPID
US10-2618856
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
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Stories
2
Lot
0.57 ac
Current owner
From public records · entity-resolved
First Republic Bank
Entity
Mailing address
3860 INDUSTRIAL WAY #1, BENICIA, CA 94510-1200
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2022
—
First Republic Bank
Carolyn A Kooken
Assignment Of Lease (leasehold Sale)
$600,000 · First Republic Bank
Jun 16, 2021
—
Carolyn A Kooken
—
Deed
related
$215,000 · Rubicon Mortgage Fund LLC
Nov 29, 2012
—
Kooken Carolyn A Family Trust
Kooken,carolyn A
Quit Claim Deed
related
—
May 28, 2008
$950,000
Carolyn A Kooken
Kooken J F & E H Living Trust
Grant Deed
related
$760,000 · East West Bank
Sep 12, 2007
—
Kooken J F & E H Living Trust
Kooken J F & E H Living Trust
Quit Claim Deed
related
—
Jul 16, 2007
—
Emily H Kooken
Kooken,john F
Affidavit Of Death
related
—
Apr 3, 2007
—
Kooken J F & E H Living Trust
Kooken,john F & Emily H
Quit Claim Deed
related
—
Aug 1, 2001
—
John F Kooken
Lochmann,loras M
Grant Deed
related
—
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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