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Property profile & analytics
OFF-MARKET
Estimated value
$2,315,000
Flex space
603 California Blvd Napa, CA 94559-3131
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US10-3113673
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1991
Construction
TILT-UP CONCRETE
Total area
6,576 SF
Lot
0.33 ac (14,374 SF)
Zoning code
IL
APN
004-502-010-000
UPID
US10-3113673
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
$2.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.03M
Blend (final)
Blend
$2.32M
Owner & transaction history
Robert D Barbarick · 2 yrs held
Robert D Barbarick
since 2024
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
IL · Napa, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.7M
+54.3%
Medical building
$1.8M
+0.9%
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
$2,315,000
ML approach
$2,315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,745,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,690,000
Change: +54% · Conversion: Difficult
MEDICAL BUILDING
$1,760,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$2.32M
Range $2.08M – $2.55M · ±10% · vs last sale $2.32M (Feb 2 2024)
Last sale anchor
$2.32M
Feb 2 2024
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
$352 / 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
$18,263
Tax year 2024
Assessed value
$1,503,227
Assessed 2024
Previous assessed
$1,503,227
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$546,626
Assessed improvement
$956,601
Applied tax rate
2.0000
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
1991
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Total area
6,576 SF
Lot
0.33 ac (14,374 SF)
Zoning code
IL
APN
004-502-010-000
UPID
US10-3113673
Jurisdiction
NAPA
Zoning & alternative use
IL · Napa, CA
Zoning IL · permitted uses
IL · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$1.8M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
1991
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Lot
0.33 ac
Current owner
From public records · entity-resolved
Robert D Barbarick
Individual
Mailing address
PO BOX 2114, NAPA, CA 94558-0211
Ownership since
2024
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
Feb 2, 2024
—
Robert D Barbarick
Balloons Above The Valley Ltd
Quit Claim Deed
related
—
Feb 2, 2024
$2,316,000
James P Raymond
Robert D Barbarick
Grant Deed
—
Apr 19, 2005
$1,100,000
Barbarick Trust
Javorina S 2002 Trust
Grant Deed
—
Oct 28, 2003
—
Javorina,tr
Javorina,wesley T & Roberta D
Quit Claim Deed
related
—
Jul 23, 2003
—
Wesley T Javorina
Javorina,tr
Quit Claim Deed
related
—
Aug 8, 2002
—
Javorina,tr
Javorina,suzanne M
Quit Claim Deed
related
—
Jan 22, 2002
$529,000
Suzanne M Javorina
Kimbrel,terry I
Grant Deed
related
$675,000 · Terry I Kimbrel
Jan 22, 2002
—
Suzanne M Javorina
Norris,marvin D
Grant Deed
related
—
Jun 14, 1996
$396,000
Terry I Kimbrel
Heller First Capital
Quit Claim Deed
related
$246,000 · Napa National Bank
Jun 14, 1996
—
Terry I Kimbrel
Kimbrel,paul D
Quit Claim Deed
related
—
Jan 18, 1996
$400,000
Heller First Capital
Hill,ron A
Trustees Deed
related
—
—
—
Terry I Kimbrel
—
Deed Of Trust
related
$77,000 · Fenkel Realty
—
—
Barbarick Living Trust
—
Deed Of Trust
related
$800,000 · Sonoma National 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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