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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Medical Office Space
618 Lemon St Vallejo, CA 94590-7276
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-4781129
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1990
Total area
3,948 SF
Lot
0.17 ac (7,200 SF)
APN
0061-052-100
UPID
US09-4781129
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
-
Lo Key Lounge Event Planning Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$605k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$550k
Owner & transaction history
John Miner Erickson · 5 yrs held
John Miner Erickson
since 2021
Last sale
$505,500
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 Vallejo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vallejo 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
$585,000
ML approach
$605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$725,000
Current use
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $506k (Mar 9 2021)
Last sale anchor
$506k
Mar 9 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
$139 / 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
$10,362
Tax year 2023
Assessed value
$778,219
Assessed 2023
Previous assessed
$778,219
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$234,090
Assessed improvement
$544,129
Applied tax rate
7.0000
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
1990
Heating
NONE
Stories
2
Total area
3,948 SF
Lot
0.17 ac (7,200 SF)
APN
0061-052-100
UPID
US09-4781129
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
$725,000
MEDICAL BUILDING 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
1990
Heating
NONE
Stories
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
John Miner Erickson
Individual
Mailing address
312 DRAKE CT, BENICIA, CA 94510-1521
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2021
$505,500
John Miner Erickson
Andy Pak
Grant Deed
$120,000 · The Lemon Living Trust
Jul 25, 2017
—
Lemon Living Trust
Suk,tina
Grant Deed
—
Jul 13, 2017
$450,000
Tina Suk
Lin,ru J & Xing L
Grant Deed
$250,000 · Velocity Com'l Cap
Apr 30, 2013
$200,000
Ru J Lin
Vallejo Ndrhd Hsng Svcs INC
Grant Deed
—
Sep 18, 1995
$500
Neighborhood Housing Vallejo
Vallejo City FCU
Grant Deed
related
—
—
—
Neighborhood Housing Vallejo
—
Deed Of Trust
related
$200,000 · Bank Of The West
—
—
Neighborhood Hsng Svcs Vallejo
—
Deed Of Trust
related
$220,000 · Vallejo City
—
—
Neighborhood Housing Vallejo
—
Deed Of Trust
related
$100,707 · Bank Of The West
—
—
Neighborhood Housing Vallejo
—
Deed Of Trust
related
$100,000 · Bank Of The West
—
—
Neighbourhood Hous Svs Vallejo
—
Deed Of Trust
related
$55,000 · Surety Fsb
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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