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Property profile & analytics
OFF-MARKET
Estimated value
$9,215,000
Medical Office Space
800 Sereno Dr Vallejo, CA 94589-2411
Individually Owned
18-yr Hold
Free & Clear
Property ID
US10-2626323
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1996
Total area
29,708 SF
Lot
2.08 ac (90,604 SF)
APN
0052-171-310
UPID
US10-2626323
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
-
April Hamilton Marriage Or Relationship Counselor
-
Amarjeet K. Singh, LCSW Foster Care Service Social Service Agency
-
Kelly Pirruccello Physician Medical Clinic
-
Justin Leazenby Physician Medical Clinic
-
Meredith K. Porter Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.37M
Comparable Approach
Comparable
$10.45M
Blend (final)
Blend
$9.22M
Owner & transaction history
Joanne Bovee · 18 yrs held
Joanne Bovee
since 2008
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.9M
+58.4%
Neighborhood: shopping center
$8.4M
+21.1%
Auto repair, garage
$7.7M
+11.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,230,000
6.5%
$10,365,000
7%
$9,625,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$6,905,000
Current use
RESTAURANT
$10,935,000
Change: +58% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,365,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,720,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$9.22M
Range $8.29M – $10.14M · ±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
$310 / 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
$2,196
Tax year 2023
Assessed value
$9,153,237
Assessed 2023
Previous assessed
$9,153,237
+0.0% YoY
Effective rate
0.02%
On assessed value
Assessed land
$2,177,837
Assessed improvement
$6,975,400
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
1996
Heating
NONE
Stories
2
Total area
29,708 SF
Lot
2.08 ac (90,604 SF)
APN
0052-171-310
UPID
US10-2626323
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
$6.9M
RESTAURANT
Est. value
$10.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.4M
AUTO REPAIR, GARAGE
Est. value
$7.7M
MEDICAL BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1996
Heating
NONE
Stories
2
Lot
2.08 ac
Current owner
From public records · entity-resolved
Joanne Bovee
Individual
Free & Clear · 18 yrs held
Mailing address
1 KAISER PLZ #151, OAKLAND, CA 94612-3610
Ownership since
2008
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
Apr 17, 2008
—
Joanne Bovee
Bovee,john D
Quit Claim Deed
related
—
Apr 17, 2008
$7,250,000
Kaiser Foundation Hospitals
Hussey,john B
Grant Deed
—
Jan 11, 2008
—
John B Hussey
Hussey Estates
Quit Claim Deed
—
Dec 21, 1995
—
Vallejo City
Hussey Estates
Grant Deed
related
—
May 22, 1995
—
Estates Hussey
—
Grant Deed
related
$3,400,000 · Napa Valley Bank
Jan 20, 1995
$500,000
Estates Hussey
Powell,thomas P & Yuphin
Grant Deed
—
May 21, 1993
$378,181
Thomas P Powell
Powell,michael S
Grant Deed
related
—
Jun 27, 1991
—
Thomas P Powell
Powell,thomas P
Quit Claim Deed
related
$260,000 · Imperial Thrift & Loan
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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