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Property profile & analytics
OFF-MARKET
Estimated value
$3,815,000
Flex space
12300 Locksley Ln, Auburn, CA 95602-2007
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-9223263
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Construction
STEEL FRAME
Total area
19,750 SF
Lot
1.7 ac (74,052 SF)
Zoning code
MR2A
APN
052-020-057-000
UPID
US09-9223263
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
-
Clark Pest Control Garden Center
-
Clark EssentialClean Commercial Cleaning Service
-
Clark Pest Service Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.37M
CAP Approach
CAP
$3.74M
Comparable Approach
Comparable
$4.08M
Blend (final)
Blend
$3.82M
Owner & transaction history
Nm Cpc LP · 5 yrs held
Nm Cpc LP
since 2021
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
MR2A · Auburn, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.3M
+76.9%
Medical building
$4.5M
+51.4%
Commercial (general)
$4.3M
+44.5%
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 Auburn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Auburn 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
$3,380,000
ML approach
$3,365,000
CAP Approach
CAP Return
Estimation
6%
$4,055,000
6.5%
$3,740,000
7%
$3,475,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,000,000
Current use
AUTO REPAIR, GARAGE
$5,305,000
Change: +77% · Conversion: Easy
MEDICAL BUILDING
$4,545,000
Change: +51% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,335,000
Change: +44% · Conversion: Difficult
OFFICE BUILDING
$4,205,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$3.82M
Range $3.43M – $4.20M · ±10% · vs last sale $4.16M (Mar 17 2021)
Last sale anchor
$4.16M
Mar 17 2021
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
$193 / 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
$30,104
Tax year 2024
Assessed value
$2,578,735
Assessed 2024
Previous assessed
$2,578,735
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$403,259
Assessed improvement
$2,175,476
Applied tax rate
56.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Units
1
Bathrooms
5
Total area
19,750 SF
Lot
1.7 ac (74,052 SF)
Zoning code
MR2A
APN
052-020-057-000
UPID
US09-9223263
Jurisdiction
PLACER
Zoning & alternative use
MR2A · Auburn, CA
Zoning MR2A · permitted uses
MR2A · Auburn, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Auburn. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$5.3M
MEDICAL BUILDING
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$4.3M
OFFICE BUILDING
Est. value
$4.2M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Units
1
Bathrooms
5
Lot
1.7 ac
Current owner
From public records · entity-resolved
Nm Cpc LP
Entity
Mailing address
2170 PIEDMONT RD NE, ATLANTA, GA 30324-4135
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2021
—
Nm Cpc LP
—
Deed
related
$39,400,000 · Ubs Ag Tampa Branch
Mar 17, 2021
$4,161,500
Nm Cpc LP
Rci King INC
Grant Deed
—
May 2, 2019
$2,357,000
Rci-king INC
Clarksons California Prop
Grant Deed
—
Jan 8, 2007
$2,508,250
Clarksons California Props
Miller,richard & Linda K
Grant Deed
—
Mar 29, 2000
—
Richard Miller
—
Grant Deed
related
$1,080,000 · Placer Sierra Bank
Jun 3, 1997
$132,000
Richard Miller
Livingston,lee A
Grant Deed
$170,000 · Placer Savings Bank
Feb 4, 1997
—
Lee A Livingston
Livingston,janet R
Quit Claim Deed
related
—
—
—
Richard Miller
—
Deed Of Trust
related
$347,000 · Bank Of Lodi
—
—
Richard Miller
—
Deed Of Trust
related
$93,100 · Placer Savings Bank
—
—
Lee A Livingston
—
Deed Of Trust
related
$101,000 · Individual
—
—
Richard Miller
—
Deed Of Trust
related
$359,000 · Edf Resource Capital INC
—
—
Richard Miller
—
Deed Of Trust
related
$650,000 · California State
—
—
Clarksons California Propertie
—
Deed Of Trust
related
$8,351,391 · Bank Of America
—
—
Clarksons California Props
—
Deed Of Trust
related
$1,880,000 · Bank Of America
—
—
Richard Miller
—
Deed Of Trust
related
$475,000 · Bank Of Lodi
—
—
Richard L Miller
—
Deed Of Trust
related
$150,000 · Bank Of Lodi
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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