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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Industrial properties
646 Industrial Dr Exeter, CA 93221-2113
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6003853
Property profile
Verified
Property type
Industrial properties
Use group
LUMBERYARD, BUILDING MATERIALS
Year built
1999
Total area
7,750 SF
Lot
0.61 ac (26,743 SF)
Zoning code
ML
APN
135-330-039-000
UPID
US09-6003853
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
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$481k
Blend (final)
Blend
$625k
Owner & transaction history
John W Somers · 4 yrs held
John W Somers
since 2022
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
ML · Exeter, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
17.26.04 Conditional Uses A. Public buildings and grounds. B. Churches and other religious institutions C. Small- animal boarding, hospitals, clinics, kennels and veterinarians D. All uses permitted in the ML district. E. Other uses that are added to this list by the Planning Director consistent with Chapter 17.02 General Provisions. 17.26.05 Site Plan Revie…
Zone name
Light Manufacturing
General category
INDUSTRIAL
Zone area
170.11 ac
Source
Exeter Zoning Ordinance all
Top alternative use upside
Retail stores
$985,000
+27.6%
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 Exeter submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Exeter 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
$645,000
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
LUMBERYARD, BUILDING MATERIALS
$770,000
Current use
RETAIL STORES
$985,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $700k (Jun 27 2022)
Last sale anchor
$700k
Jun 27 2022
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
$81 / 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
$8,084
Tax year 2024
Assessed value
$728,280
Assessed 2024
Previous assessed
$728,280
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$208,080
Assessed improvement
$520,200
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
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
Industrial properties
Use group
LUMBERYARD, BUILDING MATERIALS
Status
Off-Market
Year built
1999
Heating
NONE
Cooling
NONE
Buildings
1
Stories
1
Units
2
Bathrooms
2
Total area
7,750 SF
Lot
0.61 ac (26,743 SF)
Zoning code
ML
APN
135-330-039-000
UPID
US09-6003853
Jurisdiction
TULARE
Zoning & alternative use
ML · Exeter, CAZoning ML · permitted uses
ML · Exeter, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
17.26.04 Conditional Uses A. Public buildings and grounds. B. Churches and other religious institutions C. Small- animal boarding, hospitals, clinics, kennels and veterinarians D. All uses permitted in the ML district. E. Other uses that are added to this list by the Planning Director consistent with Chapter 17.02 General Provisions. 17.26.05 Site Plan Review No development shall be constructed on any lot or site
Zone name
Light Manufacturing
General category
INDUSTRIAL
Zone area
170.11 ac
Source
Exeter Zoning Ordinance all
Alternative use value scenarios
Repositioning upside vs current use
LUMBERYARD, BUILDING MATERIALS Current
Est. value
$770,000
RETAIL STORES
Est. value
$985,000
LUMBERYARD, BUILDING MATERIALS Current
RETAIL STORES
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
1999
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Units
2
Bathrooms
2
Lot
0.61 ac
Current owner
From public records · entity-resolved
John W Somers
Individual
Mailing address
15880 NORTON RD, HEALDSBURG, CA 95448-9791
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2022
$700,000
John W Somers
Rozetta Dawes Enderle
Grant Deed
—
Nov 27, 2019
$100,000
Rozetta Dawes-enderle
Jim Ranger
Grant Deed
—
May 2, 2014
—
Rozettae Dawes
Dondero Ken 2002 Trust
Quit Claim Deed
—
Nov 25, 2009
—
Dondero Ken 2002 Trust
Dondero,ken
Quit Claim Deed
related
—
Feb 26, 2007
$350,000
Ken Dondero
Eggleston,randy & Beth E
Grant Deed
$125,000 · Randy & Beth E Eggleston
Jun 13, 1996
—
Hamerslagh Trust
Hamerslagh,william R & Thelma B
Quit Claim Deed
related
—
—
—
Ken Dondero
—
Deed Of Trust
related
$103,129 · Randy & Beth E Eggleston
—
—
Randy Eggleston
—
Deed Of Trust
related
$113,000 · Bank Of America Community Dev
—
—
Randy Eggleston
—
Deed Of Trust
related
$50,000 · Bank Of The Sierra
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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