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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Flex space
1020 Airport Rd Lincoln, CA 95648-9397
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-9167310
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1977
Construction
WOOD
Total area
8,000 SF
Lot
1.2 ac (52,272 SF)
Zoning code
MADC
APN
021-390-021-000
UPID
US09-9167310
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
-
West Coast Removal Construction Company General Contractor
-
Affordable RV & Boat Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$950k
CAP Approach
CAP
$1.52M
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$1.21M
Owner & transaction history
Ragsdale Family Corporation · 3 yrs held
Ragsdale Family Corporation
since 2023
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
MADC · Lincoln, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.8M
+51.4%
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 Lincoln submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincoln 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
$970,000
ML approach
$950,000
CAP Approach
CAP Return
Estimation
6%
$1,640,000
6.5%
$1,515,000
7%
$1,405,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,215,000
Current use
MEDICAL BUILDING
$1,840,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±10% · vs last sale $1.14M (Jul 21 2023)
Last sale anchor
$1.14M
Jul 21 2023
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
$151 / 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
$12,048
Tax year 2024
Assessed value
$1,140,700
Assessed 2024
Previous assessed
$1,140,700
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$470,000
Assessed improvement
$670,700
Applied tax rate
3.0000
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
1977
Construction
WOOD
Heating
NONE
Units
1
Total area
8,000 SF
Lot
1.2 ac (52,272 SF)
Zoning code
MADC
APN
021-390-021-000
UPID
US09-9167310
Jurisdiction
PLACER
Zoning & alternative use
MADC · Lincoln, CA
Zoning MADC · permitted uses
MADC · Lincoln, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lincoln. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.8M
INDUSTRIAL (GENERAL) Current
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
1977
Construction
WOOD
Heating
NONE
Units
1
Lot
1.2 ac
Current owner
From public records · entity-resolved
Ragsdale Family Corporation
Entity
Mailing address
521 VERNON ST, ROSEVILLE, CA 95678-2638
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2023
$1,141,000
Ragsdale Family Corporation
Ping Li Yuan
Grant Deed
$1,026,630 · Lincoin Gift Trust
Sep 6, 2017
—
Gift,lincoln Trust
Shyu,marcus
Quit Claim Deed
related
—
Oct 20, 2016
—
Incline Holding Co INC
Lavoie,timothy J & Jodi
Quit Claim Deed
related
—
Oct 18, 2016
$450,000
Yu C Tsai
Incline Holding Co INC
Grant Deed
—
Oct 18, 2016
—
Yu C Tsai
Shyu,marcus M
Quit Claim Deed
related
$200,000 · Private Individual
Aug 25, 2014
$450,000
Incline Holding Co INC
First Citizens Bk & Trust Co
Quit Claim Deed
related
—
Sep 23, 2011
—
Timothy J Lavoie
Fnc Ents LP
Grant Deed
—
May 1, 2009
—
Fnc Enterprises
Lavoie,timothy J & Jodi
Grant Deed
—
Jan 17, 2008
—
Timothy J Lavoie
Lavoie,timothy J & Jodi
Quit Claim Deed
related
$879,500 · Ironstone Bank
May 10, 2006
$795,000
Timothy J La Voie
Weygandt & Associates
Grant Deed
$596,250 · Wells Fargo 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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