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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Industrial properties
4870 2nd St Benicia, CA 94510-1023
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US10-3244002
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1991
Total area
2,600 SF
Lot
0.06 ac (2,660 SF)
APN
0080-510-230
UPID
US10-3244002
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
-
K Butler Electric Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
$395k
Comparable Approach
Comparable
$607k
Blend (final)
Blend
$515k
Owner & transaction history
Kenneth Butler JR · 3 yrs held
Kenneth Butler JR
since 2023
Last sale
$510,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$730,000
+79.0%
Medical building
$660,000
+61.5%
Auto repair, garage
$655,000
+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
$605,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
$430,000
6.5%
$395,000
7%
$370,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$410,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$730,000
Change: +79% · Conversion: Difficult
MEDICAL BUILDING
$660,000
Change: +62% · Conversion: Difficult
AUTO REPAIR, GARAGE
$655,000
Change: +60% · Conversion: Easy
RETAIL STORES
$560,000
Change: +37% · Conversion: Moderate
COMMERCIAL (GENERAL)
$535,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $510k (Jun 15 2023)
Last sale anchor
$510k
Jun 15 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
$198 / 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
$6,193
Tax year 2023
Assessed value
$520,200
Assessed 2023
Previous assessed
$520,200
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$117,300
Assessed improvement
$402,900
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
1991
Heating
NONE
Stories
2
Total area
2,600 SF
Lot
0.06 ac (2,660 SF)
APN
0080-510-230
UPID
US10-3244002
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
$410,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$730,000
MEDICAL BUILDING
Est. value
$660,000
AUTO REPAIR, GARAGE
Est. value
$655,000
RETAIL STORES
Est. value
$560,000
COMMERCIAL (GENERAL)
Est. value
$535,000
INDUSTRIAL (GENERAL) Current
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
1991
Heating
NONE
Stories
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
Kenneth Butler JR
Individual
Mailing address
1220 MONTE VIS CT, BENICIA, CA 94510-2435
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2023
—
Kenneth Butler JR
Kenneth Butler JR
Intrafamily Transfer
related
—
Aug 13, 2021
$510,000
Kenneth Butler JR
William Wayne Woltz
Grant Deed
$235,000 · Bank Of The West
Aug 13, 2021
—
William Wayne Woltz
Woltz Electric
Intrafamily Transfer
related
$201,000 · Bay Area Employment Development Company
Apr 14, 2010
—
Ted A Smith
Smith,donna R
Quit Claim Deed
related
—
Apr 14, 2010
$275,000
William W Woltz
Smith,ted A
Grant Deed
$120,000 · California Bank & Trust
Jun 19, 2008
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Jul 2, 2004
$226,500
Ted A Smith
Mojas,tr
Grant Deed
$113,000 · California Bank & Trust
Dec 31, 2001
—
Mojas Trust
Fleetview Business Ctr 11 LP
Grant Deed
related
—
May 2, 2001
$77,000
Mojas Trust
Fleetview Business Center II
Grant Deed
related
—
—
—
Ted A Smith
—
Deed Of Trust
related
$95,000 · Bay Area Emp Development
—
—
Fleetview Business Center II
—
Deed Of Trust
related
$100,000 · Individual
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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