New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,250,000
Garden apartment buildings
2116 Walnut Ave Carmichael, CA 95608
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2697186
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1945
Construction
WOOD
Total area
16,114 SF
Lot
1.97 ac (85,813 SF)
Zoning code
RD-5
APN
283-0140-011-0000
UPID
US09-2697186
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.25M
Owner & transaction history
Alrene Carmichael LLC · 10 yrs held
Alrene Carmichael LLC
since 2015
7 recorded transactions
Zoning & alternative use
RD-5 · Carmichael, 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 Carmichael submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carmichael 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,360,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.25M
Range $2.03M – $2.48M · ±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
$140 / 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
$22,793
Tax year 2024
Assessed value
$1,885,246
Assessed 2024
Previous assessed
$1,885,246
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$612,704
Assessed improvement
$1,272,542
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1945
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Units
14
Total area
16,114 SF
Lot
1.97 ac (85,813 SF)
Zoning code
RD-5
APN
283-0140-011-0000
UPID
US09-2697186
Jurisdiction
SACRAMENTO
Zoning & alternative use
RD-5 · Carmichael, CA
Zoning RD-5 · permitted uses
RD-5 · Carmichael, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carmichael. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$3.4M
INDUSTRIAL (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
1945
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Units
14
Lot
1.97 ac
Current owner
From public records · entity-resolved
Alrene Carmichael LLC
Entity
Mailing address
1435 RIV PARK DR STE #510, SACRAMENTO, CA 95815-4511
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2015
—
Alrene Carmichael LLC
Glenn Yenni & Sons INC
Quit Claim Deed
—
Nov 13, 2014
$1,600,000
Glenn Yenni & Sons INC
Mickey Ventures LLC
Grant Deed
—
Jan 29, 2009
—
Mickey Ventures LLC
Mouras,belton JR
Grant Deed
—
Mar 13, 2003
—
Belton Mouras
Baer,tr
Grant Deed
related
$900,000 · Ronald D Woolery Ira#1wr0040
Aug 15, 2001
—
Baer Trust
Baer,martin M
Quit Claim Deed
related
—
Jun 23, 2000
—
Forrest Trust
Forrest,alice L
Quit Claim Deed
related
$370,000 · World Savings Bank
—
—
Mouras Belton JR.
—
Deed Of Trust
related
$225,000 · John Lewis Psp
—
—
Belton Mouras
—
Deed Of Trust
related
$325,000 · Morris Feldman Trustee
—
—
Belton Mouras
—
Deed Of Trust
related
$235,000 · Schwarz Trust
—
—
Mouras Belton JR.
—
Deed Of Trust
related
$980,000 · Community Commerce Bank
—
—
Mouras Belton JR.
—
Deed Of Trust
related
$300,000 · John Lewis Const INC Psp
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2116 Walnut Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
