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Property profile & analytics
FOR LEASE
Office buildings
1180 Iron Point Rd Folsom, CA 95630
Entity Owned
5-yr Hold
Free & Clear
Property ID
US10-3208117
For Lease
1 / 2
Contact for pricing
1180 Iron Point Rd, Folsom, CA 95630
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2001
Construction
STEEL FRAME
Total area
119,310 SF
Lot
6.98 ac (304,048 SF)
Zoning code
BP (PD)
APN
072-0880-028-0000
UPID
US10-3208117
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
-
Placer Title Company - Folsom Title Company
-
JoAnn Rapp, MBA- Coldwell Banker Realtor, Northern CA-DRE #02149396 Real Estate Agency
-
Old Republic Title Title Company Escrow Service
-
Tyler Attebery - Realtor Real Estate Agency
-
Coldwell Banker Realty - Folsom Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.40M
Blend (final)
Blend
$14.06M
Owner & transaction history
Kore Iron Point INC · 5 yrs held
Kore Iron Point INC
since 2020
Last sale
$15.0M
6 recorded transactions
Zoning & alternative use
BP (PD) · Folsom, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$11,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$14.06M
Range $12.65M – $15.47M · ±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
$118 / 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
$231,653
Tax year 2024
Assessed value
$21,010,799
Assessed 2024
Previous assessed
$21,010,799
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$2,543,382
Assessed improvement
$18,467,417
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
For Lease
Year built
2001
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
3
Total area
119,310 SF
Lot
6.98 ac (304,048 SF)
Zoning code
BP (PD)
APN
072-0880-028-0000
UPID
US10-3208117
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
Building & site characteristics
From public records
Year built
2001
Construction
STEEL FRAME
Heating
NONE
Stories
3
Buildings
2
Lot
6.98 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
Yes
Owner-occupied
Yes
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
6 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
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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