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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Medical Office Space
506 Merchant St Vacaville, CA 95688-4547
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-2339979
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1967
Total area
1,668 SF
Lot
0.12 ac (5,150 SF)
APN
0130-231-070
UPID
US09-2339979
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
-
LifeCO Insurance Agency
-
InMOTION Real Estate - Michael Martin Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$620k
CAP Approach
CAP
$390k
Comparable Approach
Comparable
$568k
Blend (final)
Blend
$515k
Owner & transaction history
Michael W Martin · 3 yrs held
Michael W Martin
since 2023
Last sale
$525,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$705,000
+75.5%
Neighborhood: shopping center
$470,000
+16.7%
Auto repair, garage
$420,000
+4.2%
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 Vacaville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vacaville 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
$625,000
ML approach
$620,000
CAP Approach
CAP Return
Estimation
6%
$425,000
6.5%
$390,000
7%
$365,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$400,000
Current use
RETAIL STORES
$705,000
Change: +76% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$470,000
Change: +17% · Conversion: Difficult
AUTO REPAIR, GARAGE
$420,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$340,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $525k (Jun 20 2023)
Last sale anchor
$525k
Jun 20 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
$309 / 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
$5,478
Tax year 2023
Assessed value
$468,968
Assessed 2023
Previous assessed
$468,968
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$111,831
Assessed improvement
$357,137
Applied tax rate
6.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1967
Heating
NONE
Total area
1,668 SF
Lot
0.12 ac (5,150 SF)
APN
0130-231-070
UPID
US09-2339979
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
MEDICAL BUILDING Current
Est. value
$400,000
RETAIL STORES
Est. value
$705,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$470,000
AUTO REPAIR, GARAGE
Est. value
$420,000
COMMERCIAL (GENERAL)
Est. value
$340,000
MEDICAL BUILDING Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1967
Heating
NONE
Lot
0.12 ac
Current owner
From public records · entity-resolved
Michael W Martin
Individual
Mailing address
4245 INDEPENDENCE LN, VACAVILLE, CA 95688-9760
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2024
—
Michael W Martin & Alexandra R Mart
—
Deed
related
$393,750 · Jpmorgan Chase Bank NA
Jun 20, 2023
$525,000
Michael W Martin
Leone E Holm
Grant Deed
$400,000 · James Modar
Jun 20, 2023
—
Michael W Martin
Michael W Martin
Intrafamily Transfer
related
—
Dec 19, 1997
—
Holm Trust
Holm,john S & Leone E
Quit Claim Deed
related
—
May 5, 1989
$35,500
Holm,john S & Le
Bishop,bruce L
Trustees Deed
related
—
May 5, 1989
$95,500
Holm,john S & Le
Jones,robert L
Trustees Deed
related
$48,614 · Bell John F
—
—
John S Holm
—
Deed Of Trust
related
$70,000 · Individual
—
—
Holm Family Trust
—
Deed Of Trust
related
$125,000 · Umpqua Bank
—
—
Bruce L Bishop
—
Deed Of Trust
related
$114,000 · Heart Federal Savings & Loan
—
—
John S Holm
—
Deed Of Trust
related
$10,000 · Secured Asset Funding
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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