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Property profile & analytics
FOR LEASE
Warehouses
499 Watt Dr Fairfield, CA 94534
Individually Owned
1-yr Hold
Free & Clear
Property ID
US10-3021585
For Lease
$2,000,000
499 Watt Dr, Fairfield, CA 94534
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1995
Total area
10,372 SF
Lot
1.06 ac (46,173 SF)
APN
0180-140-220
UPID
US10-3021585
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
-
Mr. Rooter Plumbing of Contra Costa County Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.83M
CAP Approach
CAP
$2.32M
Comparable Approach
Comparable
$1.82M
Blend (final)
Blend
$2.00M
Owner & transaction history
Javier R Mercado · 1 yrs held
Javier R Mercado
since 2025
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.9M
+124.4%
Medical building
$2.8M
+113.2%
Industrial (general)
$2.8M
+111.4%
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 Fairfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairfield 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
$1,825,000
ML approach
$1,825,000
CAP Approach
CAP Return
Estimation
6%
$2,510,000
6.5%
$2,315,000
7%
$2,150,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,300,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,920,000
Change: +124% · Conversion: Moderate
MEDICAL BUILDING
$2,775,000
Change: +113% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,750,000
Change: +111% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,610,000
Change: +100% · Conversion: Easy
Blend value · Realmo final
$2.00M
Range $1.80M – $2.20M · ±10% · vs last sale $2.10M (Feb 9 2025)
Last sale anchor
$2.10M
Feb 9 2025
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
$193 / 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
$27,178
Tax year 2023
Assessed value
$2,397,164
Assessed 2023
Previous assessed
$2,397,164
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$328,376
Assessed improvement
$2,068,788
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1995
Heating
NONE
Stories
2
Total area
10,372 SF
Lot
1.06 ac (46,173 SF)
APN
0180-140-220
UPID
US10-3021585
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
WAREHOUSE, STORAGE Current
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.8M
INDUSTRIAL (GENERAL)
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.6M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1995
Heating
NONE
Stories
2
Lot
1.06 ac
Current owner
From public records · entity-resolved
Javier R Mercado
Individual
Free & Clear · 1 yrs held
Mailing address
2681 EATON AVE, REDWOOD CITY, CA 94062-2722
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2025
$2,100,000
Javier R Mercado
John S Brusco
Grant Deed
—
Jun 5, 2024
—
James L Brusco
John S Brusco
Intrafamily Transfer
related
—
Jun 1, 2009
—
Brusco J H & L A 1989 Trust
Brusco J H & L A 1989 Trust
Quit Claim Deed
related
—
Aug 20, 2008
—
Louise A Brusco
Brusco,james H
Affidavit Of Death
related
—
Dec 30, 2005
$1,825,000
Brusco James H & Louise A Tr
Scherner,steven M & Carol A
Grant Deed
—
May 11, 2005
$600,000
Steven M Scherner
Nustad Trust
Grant Deed
related
—
Feb 28, 2003
—
Schweigert,tr
Schweigert,tr
Quit Claim Deed
related
$945,000 · Napa Community Bank
Aug 30, 2002
$750,000
Nustad,tr
Kassis,tr
Grant Deed
$665,000 · Golden Gate Bank
Jan 7, 1997
—
Kassis Trust
Kassis,lawrence G
Quit Claim Deed
related
—
Aug 24, 1995
$125,000
Lawrence G Kassis
Cdi
Grant Deed
related
—
Sep 9, 1994
—
C D I
—
Grant Deed
related
$575,000 · Napa National Bank
Jan 14, 1992
$115,000
Cdi
Jones,robert L
Grant Deed
related
—
—
—
Cdi
—
Deed Of Trust
related
$59,135 · Country Natl Bank
—
—
Cdi
—
Deed Of Trust
related
$130,000 · Heymann Trust
—
—
Lawrence G Kassis
—
Deed Of Trust
related
$250,000 · Westamerica Bank
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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