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Property profile & analytics
OFF-MARKET
Estimated value
$57,175,000
Apartment buildings
180 Lexington Dr Folsom, CA 95630-7002
Entity Owned
3-yr Hold
Absentee Owner
Property ID
US09-3252227
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1999
Construction
WOOD
Total area
221,948 SF
Lot
15.94 ac (694,346 SF)
Zoning code
R-M (PD)
APN
072-0031-036-0000
UPID
US09-3252227
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
-
The Legends At Willow creek Apartment Complex Apartment Building
-
SPECTRA Universal Link, LLC Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$45.58M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$57.18M
Owner & transaction history
Prime Legends LLC · 3 yrs held
Prime Legends LLC
since 2022
Last sale
$61.4M
6 recorded transactions
Zoning & alternative use
R-M (PD) · Folsom, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$74.0M
+16.3%
Retail stores
$71.5M
+12.5%
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 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
$60,320,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$49,375,000
6.5%
$45,580,000
7%
$42,325,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$63,570,000
Current use
OFFICE BUILDING
$73,955,000
Change: +16% · Conversion: Moderate
RETAIL STORES
$71,525,000
Change: +13% · Conversion: Difficult
MEDICAL BUILDING
$57,785,000
Change: -9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$57,305,000
Change: -10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$51,845,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$57.18M
Range $51.46M – $62.89M · ±10% · vs last sale $61.40M (Sep 30 2022)
Last sale anchor
$61.40M
Sep 30 2022
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
$258 / 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
$682,395
Tax year 2024
Assessed value
$62,628,000
Assessed 2024
Previous assessed
$62,628,000
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$6,834,000
Assessed improvement
$55,794,000
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
3
Units
208
Total area
221,948 SF
Lot
15.94 ac (694,346 SF)
Zoning code
R-M (PD)
APN
072-0031-036-0000
UPID
US09-3252227
Jurisdiction
SACRAMENTO
Zoning & alternative use
R-M (PD) · Folsom, CA
Zoning 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
Folsom. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$63.6M
OFFICE BUILDING
Est. value
$74.0M
RETAIL STORES
Est. value
$71.5M
MEDICAL BUILDING
Est. value
$57.8M
AUTO REPAIR, GARAGE
Est. value
$57.3M
COMMERCIAL (GENERAL)
Est. value
$51.8M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RETAIL STORES
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
3
Buildings
2
Units
208
Lot
15.94 ac
Current owner
From public records · entity-resolved
Prime Legends LLC
Entity
Mailing address
600 MONTGOMERY ST STE #1700, SAN FRANCISCO, CA 94111-2719
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Sep 30, 2022
$61,400,000
Prime Legends LLC
The Legends At Willow Creek LP
Grant Deed
$38,986,000 · Pgim Real Estate Agency Financing L
May 2, 2011
$23,500,000
Legends At Willow Creek LP
Willow Creek Legends LP
Grant Deed
$17,000,000 · Beech Street Capital LLC
Nov 30, 2006
—
Innsbruck
Innsbruck Legends
Quit Claim Deed
—
Oct 11, 2006
—
Willow Creek Legends
Pacific Bay
Grant Deed
—
Mar 30, 2001
$22,500,000
Pacific Bay Co
Willow Crossing Apts LP
Grant Deed
$16,875,000 · Pw Funding INC
Apr 2, 1998
$1,500,000
Willow Crossing Apartments LP
Cummings,william C
Grant Deed
related
$13,542,849 · Pnc 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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