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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Office Spaces
532 Franklin St Fort Bragg, CA 95437-3212
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US10-2353344
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1906
Construction
WOOD
Total area
1,973 SF
Lot
0.33 ac (14,204 SF)
APN
008-091-04-00
UPID
US10-2353344
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
-
Magnolia Hospitality Group Inc Event Planning Wedding Service
-
A+ Events Marketing & Advertising Event Planning
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$630k
Blend (final)
Blend
$615k
Owner & transaction history
Jason Vallina · 5 yrs held
Jason Vallina
since 2021
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
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 Fort Bragg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Bragg 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
$675,000
ML approach
$635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$495,000
Current use
Blend value · Realmo final
$615k
Range $554k – $677k · ±10% · vs last sale $600k (Jun 1 2021)
Last sale anchor
$600k
Jun 1 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
$312 / 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
$7,463
Tax year 2023
Assessed value
$624,240
Assessed 2023
Previous assessed
$624,240
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$348,534
Assessed improvement
$275,706
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
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1906
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Total area
1,973 SF
Lot
0.33 ac (14,204 SF)
APN
008-091-04-00
UPID
US10-2353344
Jurisdiction
MENDOCINO
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
COMMERCIAL (GENERAL) Current
Est. value
$495,000
COMMERCIAL (GENERAL) Current
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
1906
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Lot
0.33 ac
Current owner
From public records · entity-resolved
Jason Vallina
Individual
Mailing address
44501 CASPAR ORCH RD, CASPAR, CA 95420-0122
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2021
$600,000
Jason Vallina
Califomla Magnolia LLC
Grant Deed
$540,000 · California Magnolia LLC
Mar 31, 2020
—
California Mangolia LLC
Brandes R W & L H Join Trust
Quit Claim Deed
—
Feb 18, 2009
—
Brandes R W Living
Brandes,richard W & Lisa H
Quit Claim Deed
related
—
Feb 22, 2008
$511,000
Richard W Brandes
Gabriel Herrera
Grant Deed
$408,800 · Jpmorgan Chase Bank NA
Jun 14, 2007
—
Gabriel Herrera
Herrera,gabriel & Pamela G
Quit Claim Deed
related
$272,000 · Hsbc Mortgage Corp (usa)
Jun 1, 2007
—
Pamela Gridley-herrera
Eubank Helen S
Quit Claim Deed
related
—
Jan 29, 2007
—
Pamela G Herrera
Eubank,helen S
Affidavit Of Death
related
—
Feb 14, 2005
—
Helen S Eubank
Eubank,ruel S
Affidavit Of Death
related
$426,075 · Financial Freedom Senior Fundi
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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