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    621 Landrise Ct Folsom, CA 95630

    • Commercial real estate
    • 0.43 lot acres
    For Sale
    View listing
    $349,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3714549
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 621 Landrise Ct

    Lot size
    0.43 lot acres
    Property type
    Commercial real estate
    APN
    227-0600-011-0000

    Description

    This exceptional 0.427-acre commercial lot, located at 621 Landrise Ct in Folsom, California (zip code 95630), presents a unique investment opportunity. The property, identified by APN 227-0600-011-0000, is zoned for residential use and offers significant potential for development. The lot encompasses 18,604 square feet and is situated at the end of a cul-de-sac in the desirable American River Canyon North community, ensuring privacy and minimizing traffic. Its convenient location provides easy access to schools, parks, and freeway connections, as well as nearby walking, hiking, and biking trails. This property is priced at $349,900 and represents a rare chance to acquire a sizable parcel in a highly sought-after area of Folsom, within Sacramento County. The cross street is American River Canyon. This land offers a compelling opportunity for those seeking to build in a peaceful, yet accessible location. The property's residential zoning should be verified independently by the buyer.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Folsom
    County
    Sacramento
    State
    California
    Longitude
    -121.186508
    Latitude
    38.698882

    Comparable in this City

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      Prime Folsom location, drive-thru ideal.
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      Folsom Land with Highway Visibility

      4.01 acres in Folsom with Highway 50 visibility.
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    • $15,750,000
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      Prime Corunna Road Office Space

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      150 Parkshore Dr, Folsom, CA 95630
      View Details

    Similar Nearby for Sale

    • $1,695,000

      Folsom Land Parcel For Sale

      2.43 acre parcel in Folsom near retail center.
      790 Hana Way, Folsom, CA 95630
      View Details
    • $1,900,000
      2.43 Acres

      Folsom Commercial Land - $1.9M

      2.43 Acres, High-Visibility Location
      790 Hana Way, Folsom, CA 95630
      View Details
    • $1,037,750

      Folsom Village Commercial Land Pad

      Prime Folsom location, drive-thru ideal.
      9580 Oak Ave. Pkwy, Folsom, CA 95630
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      4.01 Acres

      Folsom Commercial Land - 4 Acres

      Prime Folsom location, Highway 50 frontage, development potential.
      2245 Iron Point Rd, Folsom, CA 95630
      View Details
    • Contact for pricing

      Folsom Land with Highway Visibility

      4.01 acres in Folsom with Highway 50 visibility.
      2245 Iron Point Rd, Folsom, CA 95630
      View Details
    • $15,750,000
      61,338 SF

      Prime Corunna Road Office Space

      Executive Suite, 4,500 sq ft, I-75 Access
      150 Parkshore Dr, Folsom, CA 95630
      View Details

    Similar Nearby for Lease

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      Folsom Land Parcel For Rent

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      Folsom Commercial Land for Lease

      Approximately 1.34 AC of commercial land available for lease.
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      Folsom Land For Lease

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      1735 Cavitt Dr, Folsom, CA 95630
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    • $2 SF/Yr
      25,000 SF

      Folsom Village Commercial Land Parcel

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      273,992 SF

      Folsom Auto Mall Land Lease

      6.29 acres in Folsom Auto Mall for lease.
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      5,600 SF

      Folsom Retail Center - Prime Location

      5,600 SF Retail Space Available Now
      1850 Prairie City Rd, Folsom, CA 95630
      View Details
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    621 Landrise Ct
    Folsom, CA 95630
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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