Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,165,000
Flex space
538 Stone Rd Benicia, CA 94510-1142
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-1422238
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1985
Total area
20,736 SF
Lot
0.64 ac (27,900 SF)
APN
0080-050-320
UPID
US09-1422238
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
-
DISA Health & Safety Center - Benicia, CA Occupational Safety And Health Drug Testing Service
-
PURGE LABS Industrial Manufacturer Production Facility
-
Integrated Glass Concepts Hardware & Home Improvement Home Decor Store
-
Bio Hazard Plus Crime Scene Cleanup (Benicia) Waste Management Facility Hazardous Waste Disposal
-
SERVICE PLUS RESTORATION Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.82M
Blend (final)
Blend
$2.17M
Owner & transaction history
Mary M Grobe · 11 yrs held
Mary M Grobe
since 2015
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,260,000
Current use
Blend value · Realmo final
$2.17M
Range $1.95M – $2.38M · ±10%
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
$104 / 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
$26,195
Tax year 2023
Assessed value
$2,203,414
Assessed 2023
Previous assessed
$2,203,414
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$269,290
Assessed improvement
$1,934,124
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1985
Heating
NONE
Stories
1
Total area
20,736 SF
Lot
0.64 ac (27,900 SF)
APN
0080-050-320
UPID
US09-1422238
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
$3.3M
INDUSTRIAL (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
1985
Heating
NONE
Stories
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
Mary M Grobe
Individual
Mailing address
101 ELLINWOOD DR, PLEASANT HILL, CA 94523-7722
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2016
—
Harvey Rosenthal
—
Deed
related
$1,900,000 · River City Bank
Jul 6, 2015
—
Mary M Grobe
Grobe Living Trust
Quit Claim Deed
related
—
Feb 14, 2014
—
Bevans,sharon 2014 Trust
Bevans,sharon W
Quit Claim Deed
related
—
May 7, 2013
—
Grobe Living Trust
Grobe,arthur JR
Quit Claim Deed
related
—
Apr 12, 2013
—
Arthur Grobe JR.
Pean Family Trust
Grant Deed
—
Apr 13, 2012
—
Rnjak George Trust
Owner Name Unavailable
Grant Deed
related
—
Sep 3, 2004
$4,550,000
Rosenthal Trust
Stone Road LLC
Grant Deed
—
Oct 31, 2002
—
Stone Road LLC
—
Deed Of Trust
related
$2,788,000 · Bank Of Walnut Creek
Aug 23, 2002
—
Stone Road LLC
Marina Square Partners LP
Grant Deed
$2,200,000 · Golden Gate Bank
Aug 24, 1999
—
Marina Square Partners LP
Spieker Properties LP
Trustees Deed
$1,912,058 · Wells Fargo Bank
Jan 31, 1996
—
Properties LP Spieker
Benicia Properties
Grant Deed
related
—
Jun 23, 1993
—
Benicia Properties
Bedford,peter B
Quit Claim Deed
related
—
—
—
Benicia Properties
—
Deed Of Trust
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 538 Stone Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
