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Property profile & analytics
OFF-MARKET
Estimated value
$52,965,000
Apartment buildings
1550 Iron Pt Rd Folsom, CA 95630-7802
Entity Owned
10-yr Hold
Absentee Owner
Property ID
US09-2595785
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1999
Construction
WOOD
Total area
302,124 SF
Lot
13.3 ac (579,348 SF)
Zoning code
R-M (PD)
APN
072-1180-028-0000
UPID
US09-2595785
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
-
Iron Point Apartments Front Gate / Reception Apartment Complex
-
Iron Point at Prairie Oaks Apartment Complex Apartment Rental Agency
-
Raya Group Counselor
-
FOLSOM HINDI SCHOOL Training Center Tutoring Service
-
jimcott community foundation Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$62.05M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$52.97M
Owner & transaction history
Folsom Iron Point LP · 10 yrs held
Folsom Iron Point LP
since 2016
7 recorded transactions
Zoning & alternative use
R-M (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
by Request
CAP Approach
CAP Return
Estimation
6%
$67,215,000
6.5%
$62,045,000
7%
$57,610,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$86,530,000
Current use
MEDICAL BUILDING
$78,660,000
Change: -9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$78,010,000
Change: -10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$70,575,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$52.97M
Range $47.67M – $58.26M · ±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
$175 / 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
$809,932
Tax year 2024
Assessed value
$72,258,515
Assessed 2024
Previous assessed
$72,258,515
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$8,124,100
Assessed improvement
$64,134,415
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1999
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Units
280
Total area
302,124 SF
Lot
13.3 ac (579,348 SF)
Zoning code
R-M (PD)
APN
072-1180-028-0000
UPID
US09-2595785
Jurisdiction
SACRAMENTO
Zoning & alternative use
R-M (PD) · Folsom, CAZoning R-M (PD) · permitted uses
R-M (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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$86.5M
MEDICAL BUILDING
Est. value
$78.7M
AUTO REPAIR, GARAGE
Est. value
$78.0M
COMMERCIAL (GENERAL)
Est. value
$70.6M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1
Buildings
2
Units
280
Lot
13.3 ac
Current owner
From public records · entity-resolved
Folsom Iron Point LP
Entity
Mailing address
1777 BOTELHO DR STE #300, WALNUT CREEK, CA 94596-5065
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2024
—
Sequoia Equities Iron Point
—
Deed
related
$58,355,000 · Walker & Dunlop LLC
Jan 17, 2020
—
Sequoia Equities Iron Point
—
Deed
related
$4,000,000 · Walker & Dunlop
Nov 27, 2017
—
Sequoia Equities-iron Point
—
Deed
related
$10,500,000 · Walker & Dunlop
Jan 6, 2016
—
Folsom Iron Point LP
Coit Iron Point Owner LLC
Quit Claim Deed
—
Dec 19, 2014
$1,141,000
Kirkwood Village Associates
Cc Davis LLC
Grant Deed
—
Dec 19, 2014
$58,200,000
Kirkwood Village Associates|davis Pacific LP
Iron Point LLC
Grant Deed
$41,600,000 · Walker & Dunlop
Mar 8, 1999
$23,000
Iron Point LLC
Joseph Trust
Grant Deed
—
Jul 24, 1997
—
Joseph Trust
Prairie Oaks LLC
Grant Deed
related
—
—
—
Iron Point LLC
—
Deed Of Trust
related
$18,328,000 · Private Lender
—
—
Sequoia Equities Iron Point
—
Deed Of Trust
related
$4,000,000 · Walker & Dunlop
—
—
Iron Point LLC
—
Deed Of Trust
related
$21,060,000 · Berkshire Mortgage Finance Co
—
—
Sequoia Equities-iron Point
—
Deed Of Trust
related
$10,500,000 · Walker & Dunlop
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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