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Property profile & analytics
OFF-MARKET
Estimated value
$1,800,000
Medical Office Space
983 Grant St, Benicia, CA 94510-2937
Entity Owned
19-yr Hold
Free & Clear
Property ID
US09-0236792
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1850
Total area
12,276 SF
Lot
0.7 ac (30,492 SF)
APN
0080-150-130
UPID
US09-0236792
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
-
MOCOTOPIA Artist
-
MOCÓ Art studio Art Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.92M
Blend (final)
Blend
$1.80M
Owner & transaction history
Marine Finance INC · 19 yrs held
Marine Finance INC
since 2007
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,645,000
Change: -15% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,515,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.80M
Range $1.62M – $1.98M · ±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
$147 / 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
$11,875
Tax year 2023
Assessed value
$998,335
Assessed 2023
Previous assessed
$998,335
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$312,479
Assessed improvement
$685,856
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
1850
Heating
NONE
Stories
3
Total area
12,276 SF
Lot
0.7 ac (30,492 SF)
APN
0080-150-130
UPID
US09-0236792
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
RETAIL STORES
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.5M
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
1850
Heating
NONE
Stories
3
Lot
0.7 ac
Current owner
From public records · entity-resolved
Marine Finance INC
Entity
Free & Clear · 19 yrs held
Mailing address
983 GRANT ST, BENICIA, CA 94510-2937
Ownership since
2007
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
May 4, 2007
—
Marine Finance INC
Chao-fu INC
Grant Deed
—
Apr 5, 2007
$25,500
Chao-fu INC
Oregon Power Lending Instituti
Grant Deed
—
Jan 6, 1999
—
Karen A Watson
Watson,doug
Quit Claim Deed
related
—
Jan 6, 1999
$385,000
Watson,karen A
Harry D Miller Ira
Trustees Deed
$320,000 · Individual
Jul 18, 1997
$373,153
Bank Of California
Obiedo,barbara
Trustees Deed
related
—
Aug 31, 1994
—
Barbara Obiedo
Pacific Distribu
Grant Deed
$340,000 · Harry D Miller Ira
—
—
Oregon Power Lndg Institution
—
Deed Of Trust
related
$200,000 · Chen Chien-liang & H W Trust
—
—
Barbara Obeido
—
Deed Of Trust
related
$40,000 · Individual
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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