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Property profile & analytics
FOR SALE
Office buildings
1024 Simon Dr Placerville, CA 95667
Individually Owned
17-yr Hold
~
Est. High Equity
Property ID
US09-0667481
For Sale
1 / 29
$789,000
1024 Simon Dr, Placerville, CA 95667
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1962
Construction
TILT-UP CONCRETE
Total area
3,536 SF
Lot
0.16 ac (6,969 SF)
Zoning code
R2
APN
002-131-052-000
UPID
US09-0667481
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$723k
Blend (final)
Blend
$590k
Owner & transaction history
Ricky A Lind · 17 yrs held
Ricky A Lind
since 2009
5 recorded transactions
Zoning & alternative use
R2 · Placerville, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$680,000
+6.7%
Commercial (general)
$645,000
+1.4%
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 Placerville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Placerville 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
OFFICE BUILDING
$635,000
Current use
MEDICAL BUILDING
$680,000
Change: +7% · Conversion: Easy
COMMERCIAL (GENERAL)
$645,000
Change: +1% · Conversion: Easy
WAREHOUSE, STORAGE
$610,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$167 / 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
$6,527
Tax year 2023
Assessed value
$587,919
Assessed 2023
Previous assessed
$587,919
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$123,767
Assessed improvement
$464,152
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1962
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Units
2
Bathrooms
3
Total area
3,536 SF
Lot
0.16 ac (6,969 SF)
Zoning code
R2
APN
002-131-052-000
UPID
US09-0667481
Jurisdiction
EL DORADO
Zoning & alternative use
R2 · Placerville, CA
Zoning R2 · permitted uses
R2 · Placerville, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Placerville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$635,000
MEDICAL BUILDING
Est. value
$680,000
COMMERCIAL (GENERAL)
Est. value
$645,000
WAREHOUSE, STORAGE
Est. value
$610,000
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1962
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Units
2
Bathrooms
3
Lot
0.16 ac
Current owner
From public records · entity-resolved
Ricky A Lind
Individual
Mailing address
PO BOX 9046, SOUTH LAKE TAHOE, CA 96158-2046
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2023
—
Ricky A Lind
—
Deed
related
$354,343 · Umpqua Bank
Oct 26, 2018
—
Ricky A Lind
—
Deed
related
$77,000 · Wells Fargo Bank NA
Jan 14, 2009
$475,000
Ricky A Lind
Sierra Investment Group LLC
Grant Deed
$295,000 · River City Bank
Dec 31, 2002
$345,000
Sierra Investment Group LLC
Hannaford,tr
Grant Deed
$275,000 · Hannaford Trust
Jun 17, 1985
—
—
—
Grant Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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