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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Flex space
12450 Locksley Ln, Auburn, CA 95602
Individually Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7168675
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2020
Construction
WOOD
Total area
3,980 SF
Lot
0.56 ac (24,393 SF)
Zoning code
MR2A
APN
052-020-062-000
UPID
US09-7168675
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$755k
Comparable Approach
Comparable
$823k
Blend (final)
Blend
$705k
Owner & transaction history
John D Dunlap III · 7 yrs held
John D Dunlap III
since 2018
3 recorded transactions
Zoning & alternative use
MR2A · Auburn, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+76.9%
Medical building
$915,000
+51.4%
Commercial (general)
$875,000
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$815,000
6.5%
$755,000
7%
$700,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$605,000
Current use
AUTO REPAIR, GARAGE
$1,070,000
Change: +77% · Conversion: Easy
MEDICAL BUILDING
$915,000
Change: +51% · Conversion: Difficult
COMMERCIAL (GENERAL)
$875,000
Change: +44% · Conversion: Difficult
OFFICE BUILDING
$845,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$675,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$705k
Range $635k – $776k · ±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
$177 / 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
$10,882
Tax year 2024
Assessed value
$683,735
Assessed 2024
Previous assessed
$683,735
+0.0% YoY
Effective rate
1.59%
On assessed value
Assessed land
$224,149
Assessed improvement
$459,586
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
Year built
2020
Construction
WOOD
Heating
NONE
Units
1
Total area
3,980 SF
Lot
0.56 ac (24,393 SF)
Zoning code
MR2A
APN
052-020-062-000
UPID
US09-7168675
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
$605,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$915,000
COMMERCIAL (GENERAL)
Est. value
$875,000
OFFICE BUILDING
Est. value
$845,000
RETAIL STORES
Est. value
$675,000
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2020
Construction
WOOD
Heating
NONE
Units
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
John D Dunlap III
Individual
Free & Clear · 7 yrs held
Mailing address
690 MARKET ST UNIT #202, SAN FRANCISCO, CA 94104-5104
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2018
—
John D Dunlap III
Dunlap,john D III
Affidavit Of Death
related
—
Sep 8, 2016
$197,000
Dunlap Family Trust
Thompson G & C Trust
Grant Deed
$98,500 · Thompson G & C Trust (pt)
Apr 26, 2013
—
Thompson,g & C Family Trust
Thompson,gerald L
Quit Claim Deed
related
—
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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