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Property profile & analytics
OFF-MARKET
Estimated value
$945,000
Industrial properties
4816 2nd St Benicia, CA 94510-1023
Individually Owned
2-yr Hold
Free & Clear
Property ID
US10-2417816
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1990
Total area
3,575 SF
Lot
0.09 ac (3,770 SF)
APN
0080-510-020
UPID
US10-2417816
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
-
Vigil Mechanical, Inc HVAC Service General Contractor
-
Team Sales Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$835k
Blend (final)
Blend
$945k
Owner & transaction history
Wayne Kocher · 2 yrs held
Wayne Kocher
since 2023
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.0M
+79.0%
Medical building
$910,000
+61.5%
Auto repair, garage
$900,000
+59.9%
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
$1,070,000
ML approach
$1,015,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,005,000
Change: +79% · Conversion: Difficult
MEDICAL BUILDING
$910,000
Change: +62% · Conversion: Difficult
AUTO REPAIR, GARAGE
$900,000
Change: +60% · Conversion: Easy
RETAIL STORES
$770,000
Change: +37% · Conversion: Moderate
COMMERCIAL (GENERAL)
$735,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±10% · vs last sale $900k (Aug 22 2023)
Last sale anchor
$900k
Aug 22 2023
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
$264 / 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
$8,256
Tax year 2023
Assessed value
$693,773
Assessed 2023
Previous assessed
$693,773
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$136,651
Assessed improvement
$557,122
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1990
Heating
NONE
Stories
1
Total area
3,575 SF
Lot
0.09 ac (3,770 SF)
APN
0080-510-020
UPID
US10-2417816
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$910,000
AUTO REPAIR, GARAGE
Est. value
$900,000
RETAIL STORES
Est. value
$770,000
COMMERCIAL (GENERAL)
Est. value
$735,000
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1990
Heating
NONE
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Wayne Kocher
Individual
Free & Clear · 2 yrs held
Mailing address
884 HANLON WAY, BENICIA, CA 94510-3653
Ownership since
2023
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
Aug 22, 2023
$900,000
Wayne Kocher
Cameron J Vigil
Grant Deed
—
Jan 2, 2020
—
Vigil,cameron J & Dina M Trust
Cameron J Vigil
Quit Claim Deed
related
—
Oct 30, 2019
$540,000
John Vigil Cameron
A & J Armanino Properties LLC
Grant Deed
$533,500 · Seacoast Commerce Bank
Feb 8, 2017
—
A & J Armanino Properties LLC
—
Deed
related
$372,000 · Bank Of America
Apr 1, 2008
$525,000
A & J Armanino Properties LLC
Richard F Armanino
Grant Deed
$483,700 · Wells Fargo Bank NA
Feb 23, 1999
$185,000
Armanino,richard F & Marilyn A
Kimball,david & Cynthia M
Trustees Deed
$200,000 · Ge Capital Small Business Finl
Feb 23, 1999
$6,000
Kimball,david & Cynthia M
Fleetview Business Center One
Trustees Deed
—
—
—
A & J Armanino Properties LLC
—
Deed Of Trust
related
$372,000 · Bank Of America
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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