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Property profile & analytics
OFF-MARKET
Estimated value
$35,695,000
Manufacturing properties
755 Southpoint Blvd Petaluma, CA 94954-8006
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-2416154
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1997
Total area
83,880 SF
Lot
5 ac (217,800 SF)
Zoning code
ML
APN
007-401-041-000
UPID
US10-2416154
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
-
Abstract Ice Big Box & Wholesale Store Distribution Center
-
Sunrun Solar Solar Energy Company Solar Energy Equipment Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$34.88M
Blend (final)
Blend
$35.70M
Owner & transaction history
G & I Ix Lagunitas LP · 6 yrs held
G & I Ix Lagunitas LP
since 2020
Last sale
$33.8M
7 recorded transactions
Zoning & alternative use
ML · Petaluma, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$58.1M
+120.4%
Office building
$49.6M
+88.4%
Restaurant
$40.6M
+54.0%
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 Petaluma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Petaluma 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
$40,355,000
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)
$26,345,000
Current use
APARTMENT HOUSE (5+ UNITS)
$58,050,000
Change: +120% · Conversion: Difficult
OFFICE BUILDING
$49,640,000
Change: +88% · Conversion: Difficult
RESTAURANT
$40,555,000
Change: +54% · Conversion: Difficult
COMMERCIAL (GENERAL)
$32,330,000
Change: +23% · Conversion: Difficult
MEDICAL BUILDING
$30,820,000
Change: +17% · Conversion: Difficult
AUTO REPAIR, GARAGE
$26,510,000
Change: +1% · Conversion: Easy
RETAIL STORES
$23,520,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$35.70M
Range $32.13M – $39.26M · ±10% · vs last sale $33.78M (Jan 14 2020)
Last sale anchor
$33.78M
Jan 14 2020
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
$426 / 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
$185,131
Tax year 2024
Assessed value
$17,262,450
Assessed 2024
Previous assessed
$17,262,450
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$4,127,976
Assessed improvement
$13,134,474
Applied tax rate
3.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1997
Heating
NONE
Total area
83,880 SF
Lot
5 ac (217,800 SF)
Zoning code
ML
APN
007-401-041-000
UPID
US10-2416154
Jurisdiction
SONOMA
Zoning & alternative use
ML · Petaluma, CAZoning ML · permitted uses
ML · Petaluma, CA
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
$26.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$58.1M
OFFICE BUILDING
Est. value
$49.6M
RESTAURANT
Est. value
$40.6M
COMMERCIAL (GENERAL)
Est. value
$32.3M
MEDICAL BUILDING
Est. value
$30.8M
AUTO REPAIR, GARAGE
Est. value
$26.5M
RETAIL STORES
Est. value
$23.5M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1997
Heating
NONE
Lot
5 ac
Current owner
From public records · entity-resolved
G & I Ix Lagunitas LP
Entity
Free & Clear · 6 yrs held
Mailing address
220 E 42ND ST, NEW YORK, NY 10017-5835
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2020
$33,775,000
G & I Ix Lagunitas LP
Scannell Properties 375 LLC
Grant Deed
—
Apr 15, 2019
$26,480,000
Scannell Properties 375 LLC
Sandy Bay LLC
Grant Deed
$21,882,148 · Bmo Harris Bank NA
Nov 13, 2014
$7,293,000
Sandy Bay LLC
Inland American/stephens Southpoint
Grant Deed
$3,982,491 · City National Bank
Jun 26, 2008
$9,695,000
Inland American Stephens South
Petaluma Southpoint LLC
Grant Deed
$1,500,000 · Landamerica 1031 Exchange Svcs
Jan 20, 2005
—
Petaluma Southpoint LLC
Pine Creek Properties
Grant Deed
$5,400,000 · Wells Fargo Bank NA
Jan 17, 1997
$740,000
Pine Creek Properties
Martin,kenneth C & Donna L
Grant Deed
—
Dec 29, 1993
$258,000
Kenneth C Martin
Stephens,charles
Grant Deed
—
—
—
Properties Creek
—
Deed Of Trust
related
$3,000,000 · Wells Fargo 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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