Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2401 Connie Dr Sacramento, CA 95815-2802

    • Apartment buildings
    • 1,113 SF
    • 0.21 lot acres
    OFF-MARKET
    Last Sale
    Jun 23, 2020
    $3,275,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2679868
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2401 Connie Dr

    Year built
    1940
    Construction
    WOOD
    Lot size
    0.21 lot acres
    Property size
    1,113 SF
    Zone code
    R-3
    Property type
    Apartment buildings
    APN
    277-0063-040-0000
    APU
    27700630400000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.422
    Latitude
    38.6098
    CBSA code
    40900
    CBSA name
    SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $5,612
    $91,900
    $380,581
    $472,481
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,595,000
      27,048 SF

      2200 Royale Rd

      APARTMENT HOUSE (5+ UNITS) • 27,048 SF
      2200 Royale Rd, Sacramento, CA 95815-4006
      View Details
    • Value Estimation
      $1,190,000
      4,998 SF

      2944 Del Paso Blvd

      APARTMENT HOUSE (5+ UNITS) • 4,998 SF
      2944 Del Paso Blvd, Sacramento, CA 95815-1440
      View Details
    • Value Estimation
      $1,280,000
      4,048 SF

      2382 Boxwood St

      APARTMENT HOUSE (5+ UNITS) • 4,048 SF
      2382 Boxwood St, Sacramento, CA 95815-3235
      View Details
    • Value Estimation
      $8,125,000
      42,000 SF

      2801 Grv Ave

      APARTMENT HOUSE (5+ UNITS) • 42,000 SF
      2801 Grv Ave, Sacramento, CA 95815-1058
      View Details
    • Value Estimation
      $455,000
      6,022 SF

      990 Frienza Ave

      APARTMENT HOUSE (5+ UNITS) • 6,022 SF
      990 Frienza Ave, Sacramento, CA 95815-2540
      View Details
    • Value Estimation
      $790,000
      3,600 SF

      742 Bowles St

      APARTMENT HOUSE (5+ UNITS) • 3,600 SF
      742 Bowles St, Sacramento, CA 95815-2264
      View Details

    Similar Nearby for Sale

    • $2,850,000
      10,382 SF

      Darina Avenue Apartment Complex

      Sacramento Multifamily Investment Opportunity
      714 Darina Ave, Sacramento, CA 95815
      View Details
    • $3,900,000
      14,496 SF

      City View Terrace Apartments

      Sacramento Multifamily Investment
      2732 Rio Linda Blvd, Sacramento, CA 95815
      View Details
    • $1,590,000
      7,136 SF

      Fully Rented Two 4-Plexes For Sale

      Fully Rented Two 4-Plexes For Sale
      717 Lampasas AVE, SACRAMENTO, CA 95815
      View Details
    • $408,888

      Upgraded Duplex with Rental Income

      Income-generating duplex with upgraded units and reliable tenants.
      417 Eleanor Ave, Sacramento, CA 95815
      View Details
    • $1,300,000
      4,048 SF

      8-Unit Multifamily Property For Sale

      8-Unit Multifamily Property For Sale
      2382 Boxwood ST, SACRAMENTO, CA 95815
      View Details
    • $739,888
      2,782 SF

      Sacramento Multifamily Property with Amenities

      Multifamily property featuring multiple units, kitchens, and laundry facilities.
      3135 Academy Way, Sacramento, CA 95815
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      5,495 SF

      Sacramento Office Space for Lease

      Flexible workspace solutions in Sacramento.
      1651 Response Rd, Sacramento, CA 95815
      View Details
    • $2 SF/Yr
      7,474 SF

      Sacramento Office Space for Rent

      Office space featuring a fitness center, conference room, and cafe.
      1545 River Park Dr, Sacramento, CA 95815
      View Details
    • $1.50 SF/Yr
      2,578 SF

      Classic Office Space Available

      Office space with amenities near Arden Fair Mall.
      1610 Arden Way, Sacramento, CA 95815
      View Details
    • $22 SF/Yr
      2,821 SF

      Convenient Office Space Near Light Rail

      Office space with convenient location, parking, and light rail access.
      2005 Evergreen St, Sacramento, CA 95815
      View Details
    • $21 SF/Yr
      3,156 SF

      Arden Way Office/Retail Space

      3,156 SF office/retail space with expansive windows and skylights.
      1740 Arden Way, Sacramento, CA 95815
      View Details
    • Contact for pricing
      6,000 SF

      Arden Way Retail Opportunity

      Sacramento retail space, 2,000-6,000 sqft.
      1950 Arden Way, Sacramento, CA 95815
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2401 Connie Dr
    Sacramento, CA 95815-2802
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.