New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,445,000
Industrial properties
4615 Work Right Cir, Lakeport, CA 95453-9301
Entity Owned
5-yr Hold
Free & Clear
Property ID
US10-3188199
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1991
Total area
68,320 SF
Lot
4.3 ac (187,308 SF)
Zoning code
PDC
APN
008-032-510-000
UPID
US10-3188199
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
-
Esther Formula USA Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.45M
Owner & transaction history
Work Tight Real Estae LLC · 5 yrs held
Work Tight Real Estae LLC
since 2021
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
PDC · Lakeport, CA
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 Lakeport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakeport 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
$1,740,000
ML approach
$2,035,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.45M
Range $2.20M – $2.69M · ±10% · vs last sale $3.00M (Mar 2 2021)
Last sale anchor
$3.00M
Mar 2 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
$36 / 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
$70,270
Tax year 2024
Assessed value
$6,120,000
Assessed 2024
Previous assessed
$6,120,000
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$1,020,000
Assessed improvement
$5,100,000
Applied tax rate
57.0000
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
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1991
Heating
NONE
Total area
68,320 SF
Lot
4.3 ac (187,308 SF)
Zoning code
PDC
APN
008-032-510-000
UPID
US10-3188199
Jurisdiction
LAKE
Zoning & alternative use
PDC · Lakeport, CA
Zoning PDC · permitted uses
PDC · Lakeport, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakeport. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1991
Heating
NONE
Lot
4.3 ac
Current owner
From public records · entity-resolved
Work Tight Real Estae LLC
Entity
Free & Clear · 5 yrs held
Mailing address
4615 WORK RIGHT CIR, LAKEPORT, CA 95453-9301
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2021
—
Work Tight Real Estae LLC
Work Righjt Building LLC
Intrafamily Transfer
related
—
Jul 2, 2020
$3,000,000
Work Right Building LLC
Carl E Olson
Grant Deed
$2,500,000 · Benmore Valley Ranch LLC
Jun 23, 2014
$1,299,500
Carl E Olson
Butte Cmnty Bk
Grant Deed
—
Jun 23, 2014
—
Carl E Olson
Butte Cmnty Bk
Grant Deed
related
—
Jun 6, 2013
$1,390,207
Rabobank NA
Mid Valley Title & Escrow
Trustees Deed
related
—
Mar 1, 2006
$2,250,000
Boeger Land Co
Aami INC
Grant Deed
$1,687,500 · Butte Community Bank
Dec 19, 1997
$900,000
Architectural Art Mfg INC
Stein,chester W
Grant Deed
$826,062 · Seller
—
—
Chester W Stein
—
Deed Of Trust
related
$935,000 · Heller Financial
—
—
Chester W Stein
—
Deed Of Trust
related
$400,000 · Heller First Capital
—
—
Architectural Art Mfg INC
—
Deed Of Trust
related
$150,000 · Business Outreach & Response
—
—
Architectural Art Mfg INC
—
Deed Of Trust
related
$500,000 · Intrust Bank NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4615 Work Right Cir?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
