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Property profile & analytics
OFF-MARKET
Estimated value
$1,110,000
Office Spaces
233 Auburn St, Colfax, CA 95713-9746
Trust Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-9103235
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1986
Construction
WOOD
Total area
6,000 SF
Lot
0.84 ac (36,709 SF)
Zoning code
GD
APN
006-141-008-000
UPID
US09-9103235
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
$1.40M
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.11M
Owner & transaction history
Wright Family Trust · 9 yrs held
Wright Family Trust
since 2017
7 recorded transactions
Zoning & alternative use
GD · Colfax, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.7M
+20.0%
Auto repair, garage
$1.6M
+11.2%
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 Colfax submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colfax 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%
$1,520,000
6.5%
$1,400,000
7%
$1,300,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,450,000
Current use
OFFICE BUILDING
$1,740,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,610,000
Change: +11% · Conversion: Difficult
MEDICAL BUILDING
$1,380,000
Change: -5% · Conversion: Easy
RETAIL STORES
$1,340,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±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
$185 / 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
$6,709
Tax year 2024
Assessed value
$625,800
Assessed 2024
Previous assessed
$625,800
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$227,563
Assessed improvement
$398,237
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
NONE
Units
1
Total area
6,000 SF
Lot
0.84 ac (36,709 SF)
Zoning code
GD
APN
006-141-008-000
UPID
US09-9103235
Jurisdiction
PLACER
Zoning & alternative use
GD · Colfax, CA
Zoning GD · permitted uses
GD · Colfax, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Colfax. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL 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
1986
Construction
WOOD
Heating
NONE
Units
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
Wright Family Trust
Trust
Mailing address
PO BOX 6088, AUBURN, CA 95604-6088
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2017
$550,000
Wright Family Trust
Owens,william A JR
Grant Deed
$300,000 · William A JR Owens
May 15, 2006
$725,000
William A Owens JR.
Payne,james
Grant Deed
—
Oct 14, 2004
$425,000
James Payne
Stratton Investments F L P
Grant Deed
$318,750 · Citizens Bank Nevada County
Sep 2, 2004
—
Stratton Investments Flp
Hose June S Trust
Quit Claim Deed
related
—
Sep 10, 1999
—
Hose Trust
Hose,june S
Quit Claim Deed
related
—
Jun 10, 1999
$200,000
June S Hose
Seeburg Trust
Grant Deed
$140,000 · Seller
Jan 20, 1993
$150,000
Seeburg,trust
Cpb Assoc
Grant Deed
—
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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