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Property profile & analytics
OFF-MARKET
Estimated value
$25,420,000
Strip malls
10921 Olson Dr Rancho Cordova, CA 95670-5659
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0159496
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Construction
WOOD
Total area
10,800 SF
Lot
0.79 ac (34,230 SF)
Zoning code
CMU (FBSP)
APN
072-0280-086-0000
UPID
US09-0159496
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
-
Optometrist Ann K. Miyamura,O.D.,Inc. Physician
-
Optometric Care of Sacramento Physician
-
Dr. Karen Hawk Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$30.22M
Blend (final)
Blend
$25.42M
Owner & transaction history
Pacific Castle Rancho LLC · 4 yrs held
Pacific Castle Rancho LLC
since 2022
Last sale
$32.5M
7 recorded transactions
Zoning & alternative use
CMU (FBSP) · Rancho Cordova, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to designate property for vibrant commercial and mixed-use development. While a predominantly commercial district, the CMU category is designed to provide for the integration of retail and service commercial uses with office and/or residential uses. In multiple-story buildings, retail uses are the predominant use on the ground floor
Zone name
Commercial Mixed Use Folsom Boulevard Specific Plan
General category
MIXED_USE
Zone area
255.07 ac
Source
Realmo
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 Rancho Cordova submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rancho Cordova 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
$22,710,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$25.42M
Range $22.88M – $27.96M · ±10% · vs last sale $32.50M (Feb 2 2022)
Last sale anchor
$32.50M
Feb 2 2022
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
$2,354 / 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
$30,570
Tax year 2024
Assessed value
$2,601,000
Assessed 2024
Previous assessed
$2,601,000
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$353,736
Assessed improvement
$2,247,264
Applied tax rate
8.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
10,800 SF
Lot
0.79 ac (34,230 SF)
Zoning code
CMU (FBSP)
APN
072-0280-086-0000
UPID
US09-0159496
Jurisdiction
SACRAMENTO
Zoning & alternative use
CMU (FBSP) · Rancho Cordova, CAZoning CMU (FBSP) · permitted uses
CMU (FBSP) · Rancho Cordova, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to designate property for vibrant commercial and mixed-use development. While a predominantly commercial district, the CMU category is designed to provide for the integration of retail and service commercial uses with office and/or residential uses. In multiple-story buildings, retail uses are the predominant use on the ground floor
Zone name
Commercial Mixed Use Folsom Boulevard Specific Plan
General category
MIXED_USE
Zone area
255.07 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1987
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
0.79 ac
Current owner
From public records · entity-resolved
Pacific Castle Rancho LLC
Entity
Mailing address
2601 MAIN ST STE #900, IRVINE, CA 92614-4232
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2022
$32,500,000
Pacific Castle Rancho LLC
Rancho Cordova Property Holdo LLC
Grant Deed
$64,700 · Argentic Real Estate Finance LLC
Dec 7, 2020
—
Rancho Cordova Prop Holdco LLC
—
Deed
related
$15,000,000 · Wells Fargo Bk
Feb 27, 2015
$29,750,000
Rancho Cordova Property Holdco LLC
Pacific Castle Rancho Cordova LLC
Grant Deed
$16,700,000 · Wells Fargo Bank NA
May 11, 2007
—
Castle Rancho Cordova Pacific
Passco Diversified Rctc LLC
Grant Deed
—
Oct 2, 2002
—
Rctc-aaa LLC
Passco Rctc LLC
Quit Claim Deed
related
$14,800,000 · Deutsche Bank Ag
Oct 4, 1994
—
David L Hyman
J C Penney Co INC
Grant Deed
related
—
—
—
Rancho Cordova Prop Holdco LLC
—
Deed Of Trust
related
$15,000,000 · Wells Fargo Bk
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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