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Property profile & analytics
OFF-MARKET
Estimated value
$1,530,000
Medical Office Space
900 1st St Benicia, CA 94510-3218
Trust Owned
25-yr Hold
~
Est. High Equity
Property ID
US09-1048747
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1952
Total area
4,600 SF
Lot
0.16 ac (7,046 SF)
APN
0089-051-140
UPID
US09-1048747
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
-
Coldwell Banker Solano Pacific Real Estate Agency
-
Sara Leahy Real Estate Agency
-
Jamie Wilson Realtor #02105348 Real Estate Agency
-
Samantha Manzano-Realtor DRE#02209315, Coldwell Banker Solano Pacific Real Estate Agency
-
Mare Island Homes for Sale Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.28M
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.53M
Owner & transaction history
Bortolazzo Trust · 25 yrs held
Bortolazzo Trust
since 2001
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.4M
+106.9%
Neighborhood: shopping center
$1.3M
+10.9%
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 Benicia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Benicia 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%
$1,385,000
6.5%
$1,275,000
7%
$1,185,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,170,000
Current use
WAREHOUSE, STORAGE
$2,415,000
Change: +107% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,295,000
Change: +11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,155,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$990,000
Change: -15% · Conversion: Difficult
COMMERCIAL (GENERAL)
$945,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.53M
Range $1.38M – $1.68M · ±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
$333 / 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
$16,737
Tax year 2023
Assessed value
$1,407,462
Assessed 2023
Previous assessed
$1,407,462
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$202,763
Assessed improvement
$1,204,699
Applied tax rate
1.0000
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
1952
Heating
NONE
Stories
2
Total area
4,600 SF
Lot
0.16 ac (7,046 SF)
APN
0089-051-140
UPID
US09-1048747
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
$1.2M
WAREHOUSE, STORAGE
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$990,000
COMMERCIAL (GENERAL)
Est. value
$945,000
MEDICAL BUILDING Current
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1952
Heating
NONE
Stories
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Bortolazzo Trust
Trust
Mailing address
900 1ST ST, BENICIA, CA 94510-3218
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2020
—
Richard A Bortolazzo
—
Deed
related
$369,207 · Wells Fargo Bank NA
Jan 9, 2001
$800,000
Bortolazzo Trust
Dana Trust
Grant Deed
$700,000 · Seller
Jan 26, 1995
—
Rand Trust
Rand,nannette W
Quit Claim Deed
related
—
—
—
Bortolazzo,tr
—
Deed Of Trust
related
$800,000 · Us Bank NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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