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Property profile & analytics
OFF-MARKET
Estimated value
$3,450,000
Flex space
935 Enterprise Way Napa, CA 94558-6209
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3133246
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1988
Construction
TILT-UP CONCRETE
Total area
14,300 SF
Lot
0.97 ac (42,262 SF)
Zoning code
IL
APN
046-531-024-000
UPID
US10-3133246
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
$4.63M
CAP Approach
CAP
$2.52M
Comparable Approach
Comparable
$4.26M
Blend (final)
Blend
$3.45M
Owner & transaction history
La Morenita Market INC · 3 yrs held
La Morenita Market INC
since 2023
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
IL · Napa, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.8M
+3.9%
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 Napa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Napa 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
$4,610,000
ML approach
$4,630,000
CAP Approach
CAP Return
Estimation
6%
$2,725,000
6.5%
$2,515,000
7%
$2,335,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,640,000
Current use
COMMERCIAL (GENERAL)
$4,820,000
Change: +4% · Conversion: Difficult
MEDICAL BUILDING
$3,825,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$3.45M
Range $3.11M – $3.80M · ±10% · vs last sale $3.00M (Dec 14 2020)
Last sale anchor
$3.00M
Dec 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
$241 / 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
$36,630
Tax year 2024
Assessed value
$3,183,623
Assessed 2024
Previous assessed
$3,183,623
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$986,923
Assessed improvement
$2,196,700
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
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1988
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
14,300 SF
Lot
0.97 ac (42,262 SF)
Zoning code
IL
APN
046-531-024-000
UPID
US10-3133246
Jurisdiction
NAPA
Zoning & alternative use
IL · Napa, CA
Zoning IL · permitted uses
IL · Napa, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Napa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.6M
COMMERCIAL (GENERAL)
Est. value
$4.8M
MEDICAL BUILDING
Est. value
$3.8M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1988
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.97 ac
Current owner
From public records · entity-resolved
La Morenita Market INC
Entity
Mailing address
2434 JEFFERSON ST, NAPA, CA 94558-4932
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2023
—
Morenita Food Holdings LLC
—
Deed
related
$2,802,000 · Bay Area Employment Development Compa
Feb 14, 2023
—
La Morenita Market INC
Morenita Foods Holdings LLC
Lease
$2,802,000 · Bay Area Employment Development Company
Dec 14, 2020
$3,000,000
Morenita Foods Holdings LLC
Debra M Myers
Grant Deed
$3,409,000 · Farmers & Merchants Bank Of Central
Jan 28, 2013
—
Hazel Myers Investments LLC
Myers Hazel Trust
Quit Claim Deed
related
—
Dec 18, 2012
—
Myers Hazel Trust
Myers Bobby L Family Trust
Quit Claim Deed
related
—
Dec 23, 2008
—
Myers Bobby L Family Trust
Myers,hazel L
Quit Claim Deed
related
—
Sep 18, 2007
—
Roy R Hoffman
Myers,gary C
Affidavit Of Death
related
—
Sep 8, 2006
—
Gary C Myers
Myers,gary C
Quit Claim Deed
related
—
Feb 2, 2006
$1,450,000
Gary C Myers
Radiator Specialty
Grant Deed
—
Feb 2, 2006
—
Gary C Myers
Myers,debra M
Quit Claim Deed
related
—
Nov 14, 1995
$1,000,000
Radiator Specialty Co
Wetterlund,warren & Margaret
Grant Deed
—
—
—
Warren Wetterlund
—
Deed Of Trust
related
$550,000 · 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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