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Property profile & analytics
OFF-MARKET
Estimated value
$11,710,000
Office buildings
1130 Iron Pt Rd Folsom, CA 95630-8308
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-3047694
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1999
Construction
TILT-UP CONCRETE
Total area
35,296 SF
Lot
2.63 ac (114,562 SF)
Zoning code
BP (PD)
APN
072-0880-026-0000
UPID
US10-3047694
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
-
Catherine Heath - Private Wealth Advisor, Ameriprise Financial Services, LLC Financial Advisor
-
Ameriprise Financial - Russel L. Phelps MSFP, CFP, CDFA, APMA, AWMA Financial Advisor
-
Howard Ira Minster Agency - Nationwide Insurance Insurance Agency
-
Trinity Wealth Advisors - Ameriprise Financial Services, LLC Financial Advisor
-
CAPTRUST Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.17M
CAP Approach
CAP
$9.06M
Comparable Approach
Comparable
$8.44M
Blend (final)
Blend
$11.71M
Owner & transaction history
Kore Iron Point INC · 5 yrs held
Kore Iron Point INC
since 2020
Last sale
$15.0M
7 recorded transactions
Zoning & alternative use
BP (PD) · Folsom, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$16.6M
+41.2%
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 Folsom submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Folsom 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
$11,165,000
CAP Approach
CAP Return
Estimation
6%
$9,815,000
6.5%
$9,060,000
7%
$8,410,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,760,000
Current use
RESTAURANT
$16,600,000
Change: +41% · Conversion: Moderate
RETAIL STORES
$11,375,000
Change: -3% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$10,110,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$11.71M
Range $10.54M – $12.88M · ±10% · vs last sale $14.95M (Nov 5 2020)
Last sale anchor
$14.95M
Nov 5 2020
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
$332 / 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
$70,987
Tax year 2024
Assessed value
$6,420,922
Assessed 2024
Previous assessed
$6,420,922
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$958,228
Assessed improvement
$5,462,694
Applied tax rate
4.0000
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 (MULTI-STORY)
Status
Off-Market
Year built
1999
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
2
Total area
35,296 SF
Lot
2.63 ac (114,562 SF)
Zoning code
BP (PD)
APN
072-0880-026-0000
UPID
US10-3047694
Jurisdiction
SACRAMENTO
Zoning & alternative use
BP (PD) · Folsom, CAZoning BP (PD) · permitted uses
BP (PD) · Folsom, CA
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
OFFICE BUILDING Current
Est. value
$11.8M
RESTAURANT
Est. value
$16.6M
RETAIL STORES
Est. value
$11.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.1M
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1999
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Buildings
2
Lot
2.63 ac
Current owner
From public records · entity-resolved
Kore Iron Point INC
Entity
Free & Clear · 5 yrs held
Mailing address
1180 IRON PT RD STE #120, FOLSOM, CA 95630-8336
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Nov 5, 2020
—
Kore Iron Point INC
Keppel-kbs Iron Point INC
Quit Claim Deed
related
—
Nov 9, 2017
$36,700,000
Keppel-kbs Iron Point INC
Kbs Sor Iron Point LLC
Grant Deed
related
—
May 2, 2017
—
Kbs Sor Iron Point LLC
—
Loan Modification
related
$76,500,000 · Bank Of America
May 1, 2013
—
Kbs Sor Iron Point LLC
—
Deed Of Trust
related
$72,450,000 · Bank Of America
Jun 28, 2011
$14,950,000
Kbs Sor Iron Point LLC
First American Title Ins
Trustees Deed
related
—
Nov 30, 2006
—
Cowifi Iron Point LLC
Redwood Industrials
Grant Deed
—
Feb 27, 2004
—
Industrials Redwood
Iron Point Capital Builders
Grant Deed
$27,000,000 · Allstate Life Insurance Co
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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