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Property profile & analytics
OFF-MARKET
Estimated value
$22,740,000
Flex space
600 Airpark Rd Napa, CA 94558-7516
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1265129
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1997
Construction
TILT-UP CONCRETE
Total area
150,904 SF
Lot
9.96 ac (433,857 SF)
Zoning code
IP:AC
APN
057-240-001-000
UPID
US09-1265129
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$26.53M
Comparable Approach
Comparable
$21.08M
Blend (final)
Blend
$22.74M
Owner & transaction history
Airpark Holdings INC · 8 yrs held
Airpark Holdings INC
since 2018
7 recorded transactions
Zoning & alternative use
IP:AC · Napa, CA
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 Napa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Napa 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%
$28,740,000
6.5%
$26,530,000
7%
$24,635,000
Blend value · Realmo final
$22.74M
Range $20.47M – $25.01M · ±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
$151 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$370,634
Tax year 2024
Assessed value
$31,234,530
Assessed 2024
Previous assessed
$31,234,530
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$5,577,593
Assessed improvement
$25,656,937
Applied tax rate
72.0000
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
1997
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
150,904 SF
Lot
9.96 ac (433,857 SF)
Zoning code
IP:AC
APN
057-240-001-000
UPID
US09-1265129
Jurisdiction
NAPA
Zoning & alternative use
IP:AC · Napa, CA
Zoning IP:AC · permitted uses
IP:AC · Napa, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Napa. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1997
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
9.96 ac
Current owner
From public records · entity-resolved
Airpark Holdings INC
Entity
Mailing address
100 W CUTTING BLVD, RICHMOND, CA 94804-2014
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2020
—
Airpark Holdings INC
—
Deed
related
$20,000,000 · Miscellaneous Ins Co
Jun 5, 2018
$28,000,000
Airpark Holdings INC
Westcore-ag Napa LP
Grant Deed
$21,000,000 · Bank Of Stockton
Jun 28, 2016
—
Westcore-ag Napa LP
—
Deed
related
$13,500,000 · Bank Of America
Jan 10, 2011
—
Westcore-ag Napa LP
Profili Airpark LLC
Grant Deed
—
Nov 19, 2004
$6,906,000
Profili Airpark LLC
C & B Ventures-napa Two LLC
Grant Deed
related
—
Dec 20, 2002
—
C Two
Panattoni Investments LLC
Grant Deed
$11,600,000 · Lincoln National Life Ins
Sep 20, 2002
—
Panattoni Holdings INC
Panattoni Investments LLC
Quit Claim Deed
related
—
Dec 29, 1999
—
Carlsen Investments LLC
Carlsen,james R
Quit Claim Deed
related
—
Dec 23, 1997
—
James R Carlsen
Carlsen,beth M
Quit Claim Deed
related
—
Mar 31, 1997
$1,360,000
North Sacramento Land Co
Main Properties INC
Grant Deed
—
Jul 11, 1996
$980,000
Main Properties INC
Panattoni,carl D
Grant Deed
$4,925,000 · Wells Fargo Bank
Jul 13, 1995
—
James R Carlsen
Carlsen,beth M
Quit Claim Deed
related
$939,000 · Wells Fargo Bank
—
—
Westcore-ag Napa LP
—
Loan Modification
related
$19,500,000 · Deutsche Bk Series 2011-c4 (ce
—
—
Airpark Holdings INC
—
Deed Of Trust
related
$20,000,000 · Miscellaneous Ins Co
—
—
Westcore-ag Napa LP
—
Deed Of Trust
related
$13,500,000 · Bank Of America
—
—
Carl D Panattoni
—
Deed Of Trust
related
$10,387,500 · Housing Capital Co
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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