New search
Property profile & analytics
OFF-MARKET
Estimated value
$40,100,000
Apartment buildings
12155 Tributary Pt Dr, Rancho Cordova, CA 95670-4510
Entity Owned
10-yr Hold
Absentee Owner
Property ID
US09-0594302
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1999
Construction
WOOD
Total area
202,776 SF
Lot
12.17 ac (530,125 SF)
Zoning code
RD-25 (PC)
APN
069-0650-001-0000
UPID
US09-0594302
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
-
Phoenix Professional Services - Residential and Commercial Property Inspections Building Inspector Commercial Real Estate Inspector
-
Cobble Oaks Apartments Apartment Complex Apartment Building
-
Manish Ved Consulting Engineering Consultant
-
SocialJean Consultant Internet Marketing Service
-
Homebase Condominium Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$41.64M
Comparable Approach
Comparable
$27.15M
Blend (final)
Blend
$40.10M
Owner & transaction history
Oakmont Properties-tributary · 10 yrs held
Oakmont Properties-tributary
since 2015
7 recorded transactions
Zoning & alternative use
RD-25 (PC) · Rancho Cordova, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$45,110,000
6.5%
$41,640,000
7%
$38,665,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$58,075,000
Current use
MEDICAL BUILDING
$52,795,000
Change: -9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$52,355,000
Change: -10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$47,365,000
Change: -18% · Conversion: Moderate
RETAIL STORES
$46,645,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$40.10M
Range $36.09M – $44.11M · ±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
$198 / 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
$589,511
Tax year 2024
Assessed value
$48,860,666
Assessed 2024
Previous assessed
$48,860,666
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$6,267,162
Assessed improvement
$42,593,504
Applied tax rate
54.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1999
Construction
WOOD
Heating
NONE
Buildings
2
Stories
3
Units
216
Total area
202,776 SF
Lot
12.17 ac (530,125 SF)
Zoning code
RD-25 (PC)
APN
069-0650-001-0000
UPID
US09-0594302
Jurisdiction
SACRAMENTO
Zoning & alternative use
RD-25 (PC) · Rancho Cordova, CA
Zoning RD-25 (PC) · permitted uses
RD-25 (PC) · Rancho Cordova, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rancho Cordova. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$58.1M
MEDICAL BUILDING
Est. value
$52.8M
AUTO REPAIR, GARAGE
Est. value
$52.4M
COMMERCIAL (GENERAL)
Est. value
$47.4M
RETAIL STORES
Est. value
$46.6M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
WOOD
Heating
NONE
Stories
3
Buildings
2
Units
216
Lot
12.17 ac
Current owner
From public records · entity-resolved
Oakmont Properties-tributary
Entity
Mailing address
225 HIGHLAND AVE, SAN RAFAEL, CA 94901-2348
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2021
—
Oakmont Properties Tributary Point
—
Deed
related
$130,000,000 · Federal National Mortgage Association
Jun 29, 2021
—
Oakmont Properties Tributary Point
—
Deed
related
$130,000,000 · Federal National Mortgage Association
Oct 3, 2019
—
Oakmont Properties-tributary P
—
Grant Deed
related
$376,707,000 · Cbre Multifamily Cap
Feb 5, 2019
—
Oakmont Properties-tributary P
—
Deed
related
$5,177,000 · Cbre Cap Markets
Dec 6, 2016
—
Oakmont Properties -tributary
—
Deed
related
$3,825,000 · Cbre Cap Markets
Sep 3, 2015
$42,100,000
Oakmont Properties-tributary
Cobble Oaks Apartments LLC
Grant Deed
$24,999,000 · Cbre Cap Markets
Nov 4, 1999
—
Cobble Oaks Apartments LLC
Weyerhaueuser Venture Co
Quit Claim Deed
related
—
Nov 2, 1999
—
Cobble Oaks Apartments LLC
Tributary Point Owners Assoc
Quit Claim Deed
related
—
Jul 1, 1999
—
Cobble Oaks Apartments LLC
Spanos Corp
Grant Deed
related
—
Jul 25, 1997
—
Spanos Corp
Weyerhaeuser Venture Co
Grant Deed
related
—
—
—
Oakmont Properties-tributary P
—
Deed Of Trust
related
$5,177,000 · Cbre Cap Markets
—
—
Oakmont Properties -tributary
—
Deed Of Trust
related
$3,825,000 · Cbre Cap Markets
—
—
Cobble Oaks Apartments LLC
—
Deed Of Trust
related
$23,900,000 · Capmark Bank
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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