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Property profile & analytics
OFF-MARKET
Estimated value
$4,985,000
Flex space
3928 Oregon St Benicia, CA 94510-1102
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-2345763
Property summary
AI-generated overview
This expansive 32,880-square-foot warehouse, located at 3928 Oregon St in Benicia, CA 94510, presents a significant opportunity for businesses seeking ample space in Solano County. Built in 1987, the single-tenant property sits on a 2.31-acre lot and offers a 20-foot ceiling height, providing excellent vertical storage capacity. The building features one dock-high door and seven drive-in doors, ensuring efficient loading and unloading operations. The entire 32,880 square feet is currently vacant, making it immediately available for lease. Its strategic location in Benicia offers convenient access to major transportation routes, making it an attractive option for distribution and logistics companies. The property's size and features make it suitable for a wide range of industrial uses. Interested parties are encouraged to inquire for further details and leasing information. The property is classified as industrial, with a warehouse subtype.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1987
Total area
32,880 SF
Lot
1.9 ac (82,764 SF)
APN
0080-080-620
UPID
US09-2345763
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
-
Allied Manufacturing Inc. DBA Team Allied Distribution Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.30M
CAP Approach
CAP
$5.02M
Comparable Approach
Comparable
$6.03M
Blend (final)
Blend
$4.99M
Owner & transaction history
Dan Waldman · 4 yrs held
Dan Waldman
since 2021
Last sale
$4.6M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.3M
+59.9%
Retail stores
$7.1M
+37.0%
Commercial (general)
$6.7M
+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
$5,360,000
ML approach
$5,300,000
CAP Approach
CAP Return
Estimation
6%
$5,435,000
6.5%
$5,015,000
7%
$4,660,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,170,000
Current use
AUTO REPAIR, GARAGE
$8,270,000
Change: +60% · Conversion: Easy
RETAIL STORES
$7,085,000
Change: +37% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,740,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$4.99M
Range $4.49M – $5.48M · ±10% · vs last sale $4.63M (Nov 23 2021)
Last sale anchor
$4.63M
Nov 23 2021
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
$152 / 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
$56,117
Tax year 2023
Assessed value
$4,721,580
Assessed 2023
Previous assessed
$4,721,580
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,224,000
Assessed improvement
$3,497,580
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
1987
Heating
NONE
Stories
2
Total area
32,880 SF
Lot
1.9 ac (82,764 SF)
APN
0080-080-620
UPID
US09-2345763
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
$5.2M
AUTO REPAIR, GARAGE
Est. value
$8.3M
RETAIL STORES
Est. value
$7.1M
COMMERCIAL (GENERAL)
Est. value
$6.7M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
1987
Heating
NONE
Stories
2
Lot
1.9 ac
Current owner
From public records · entity-resolved
Dan Waldman
Individual
Mailing address
855 MARINA BAY PKWY STE #200, RICHMOND, CA 94804-6425
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2021
$4,629,500
Dan Waldman
Oregon Street Properties LLC
Grant Deed
$2,600,000 · First Republic Bank
Oct 26, 2010
—
Oregon Street Properties LLC
3928 Oregon Street
Quit Claim Deed
$1,054,000 · Westamerica Bank
Aug 27, 2010
—
Oregon Street Properties LLC
3928 Oregon Street
Quit Claim Deed
—
Dec 22, 2000
—
3928 Oregon St.
Barw Properties
Grant Deed
$1,225,000 · Westamerica Bank
Dec 15, 1994
—
Agi Associates INC
Artistic Shower Door INC
Quit Claim Deed
related
—
—
—
Oregon Street 3928
—
Deed Of Trust
related
$977,526 · Quantum 9 Distributing LLC
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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