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Property profile & analytics
OFF-MARKET
Estimated value
$1,340,000
Retail space
2379 Iron Pt Rd Folsom, CA 95630-8843
Entity Owned
15-yr Hold
Free & Clear
Property ID
US09-3817645
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2011
Construction
TILT-UP CONCRETE
Total area
6,330 SF
Lot
0.83 ac (35,989 SF)
Zoning code
C-3 (PD)
APN
072-1190-155-0000
UPID
US09-3817645
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
-
Chipotle Mexican Grill Restaurant
-
Lazi Cow Cafe & Coffee Shop
-
Dave's Hot Chicken Restaurant
-
U.S. Bank: Jermaine Whigham Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.27M
Comparable Approach
Comparable
$836k
Blend (final)
Blend
$1.34M
Owner & transaction history
Cole Mt Folsom Ca LP · 15 yrs held
Cole Mt Folsom Ca LP
since 2010
2 recorded transactions
Zoning & alternative use
C-3 (PD) · Folsom, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.1M
+3.4%
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%
$1,375,000
6.5%
$1,270,000
7%
$1,175,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,040,000
Current use
OFFICE BUILDING
$2,110,000
Change: +3% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,815,000
Change: -11% · Conversion: Difficult
MEDICAL BUILDING
$1,650,000
Change: -19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,635,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.34M
Range $1.21M – $1.47M · ±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
$212 / 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
$31,472
Tax year 2024
Assessed value
$2,854,798
Assessed 2024
Previous assessed
$2,854,798
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$879,234
Assessed improvement
$1,975,564
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2011
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
6,330 SF
Lot
0.83 ac (35,989 SF)
Zoning code
C-3 (PD)
APN
072-1190-155-0000
UPID
US09-3817645
Jurisdiction
SACRAMENTO
Zoning & alternative use
C-3 (PD) · Folsom, CAZoning C-3 (PD) · permitted uses
C-3 (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
RETAIL STORES Current
Est. value
$2.0M
OFFICE BUILDING
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.6M
RETAIL STORES Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2011
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
0.83 ac
Current owner
From public records · entity-resolved
Cole Mt Folsom Ca LP
Entity
Free & Clear · 15 yrs held
Mailing address
PO BOX 460369, HOUSTON, TX 77056-8369
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2010
—
Cole Mt Folsom Ca LP
Evergreen & Folsom Gateway
Grant Deed
—
Mar 8, 2006
—
Evergreen Gateway II
Owner Name Unavailable
Grant 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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