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Property profile & analytics
OFF-MARKET
Estimated value
$4,010,000
Manufacturing properties
429 1st St Petaluma, CA 94952-4264
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2090114
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1935
Construction
WOOD
Total area
47,743 SF
Lot
0.85 ac (37,175 SF)
APN
008-191-001-000
UPID
US09-2090114
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
-
Henry Mae Interior Design Home Decor Store
-
JMT Art Artist
-
MBF North America, Inc. Corporate Office
-
Studio Kolenko (Bike/Boat/Book/etc) Store Photography Service
-
Magic Shop Studios Art and Gallery Art Gallery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.74M
Blend (final)
Blend
$4.01M
Owner & transaction history
Petepete LLC · 6 yrs held
Petepete LLC
since 2020
Last sale
$3.5M
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 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
$4,160,000
ML approach
$4,185,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.01M
Range $3.61M – $4.41M · ±10% · vs last sale $3.48M (Jul 20 2020)
Last sale anchor
$3.48M
Jul 20 2020
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
$84 / 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
$41,814
Tax year 2024
Assessed value
$3,882,002
Assessed 2024
Previous assessed
$3,882,002
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$2,844,572
Assessed improvement
$1,037,430
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1935
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
2
Total area
47,743 SF
Lot
0.85 ac (37,175 SF)
APN
008-191-001-000
UPID
US09-2090114
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
Building & site characteristics
From public records
Year built
1935
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.85 ac
Current owner
From public records · entity-resolved
Petepete LLC
Entity
Mailing address
23 BELLE AVE, SAN ANSELMO, CA 94960-2806
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Jul 20, 2020
—
Petepete LLC
Zafiro LLC
Quit Claim Deed
related
$5,000,000 · Bank Of Marin
Mar 19, 2019
—
Petepete LLC
—
Deed
related
$2,183,000 · Bank Of Marin
Feb 9, 2018
$3,480,000
Petepete LLC
David Battaglia
Grant Deed
$2,085,000 · New Resource Bank
Jun 30, 2014
—
Miller,sandra S Trust
Miller,sandra S
Quit Claim Deed
related
—
Jul 15, 2011
—
Anderson Arnold S & R R Trust
Anderson,arnold S
Affidavit Of Death
related
—
Jun 7, 2010
—
Miller Craig & Cheryl Trust
Miller Craig & C Trust
Quit Claim Deed
related
—
Mar 17, 2009
—
David Battaglia
Battaglia A L & P M Trust
Quit Claim Deed
related
—
May 5, 1995
—
Battaglia Trust
Battaglia,patricia M & Albert L
Quit Claim Deed
related
—
—
—
Petepete LLC
—
Deed Of Trust
related
$2,183,000 · Bank Of Marin
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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