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    2424 Msn Ave Carmichael, CA 95608-4911
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    Property profile & analytics

    2424 Msn Ave, Carmichael, CA 95608-4911

    View on Map
    • Community centers
    • 53,563 SF
    • 4.34 lot acres
    Off-Market
    Last Sale Jul 31, 2024
    Property ID
    US09-3225206
    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.
    Value Estimations
    $6,835,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Teresa's Nails / Nail Salon
    • TNT Fireworks / Discount Store / Party Supply Store

    Property Details for 2424 Msn Ave

    Year built
    1966
    Construction
    TILT-UP CONCRETE
    Lot size
    4.34 lot acres
    Zone code
    SC
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    282-0030-001-0000
    APU
    28200300010000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 31, 2024 — Dane Yip Dane Yip Intrafamily Transfer · related —
    Apr 12, 2023 — Bryan L Kwong Bryan Kwong Intrafamily Transfer · related —
    Oct 26, 2022 — Spencer J Kwong Bill Kwong Intrafamily Transfer · related —
    Oct 24, 2022 — Irene J Quon Bill Kwong Intrafamily Transfer · related —
    May 10, 2021 — Eugene A Louie Eugene A Louie Intrafamily Transfer · related —
    Jul 24, 2020 — Kwong,bill L Trust Bill Kwong Quit Claim Deed · related —
    Dec 30, 2015 — Eugene A Louie Louie,sue J Quit Claim Deed · related —
    Dec 23, 2015 — Sue J Louie Louie D K K & M Trust Quit Claim Deed · related —
    Jan 23, 2013 — Quon Richard A & I J Trust Kwong,irene Quit Claim Deed · related —
    Sep 2, 2010 — Kwong Family Trust Kwong,spencer J Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Carmichael
    County
    Sacramento
    State
    California
    Longitude
    -121.355
    Latitude
    38.6092
    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
    $31,556
    $1,500,000
    $1,060,000
    $2,560,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,140,000
      18,240 SF

      4800 Manzanita Ave

      MINI-MALL
      4800 Manzanita Ave, Carmichael, CA 95608-0891
      View Details
    • Value Estimation
      $2,900,000
      33,400 SF

      6241 Fair Oaks Blvd

      SHOPPING CENTER, STRIP CENTER
      6241 Fair Oaks Blvd, Carmichael, CA 95608-4800
      View Details
    • Value Estimation
      $1,970,000
      21,159 SF

      4141 Manzanita Ave

      SHOPPING CENTER, STRIP CENTER
      4141 Manzanita Ave, Carmichael, CA 95608-1766
      View Details
    • Value Estimation
      $12,015,000
      146,423 SF

      5228 Manzanita Ave

      SHOPPING CENTER, STRIP CENTER
      5228 Manzanita Ave, Carmichael, CA 95608
      View Details
    • Value Estimation
      $2,940,000
      15,922 SF

      7301 Fair Oaks Blvd

      SHOPPING CENTER, STRIP CENTER
      7301 Fair Oaks Blvd, Carmichael, CA 95608-1713
      View Details
    • Value Estimation
      $2,545,000
      29,200 SF

      6314 Fair Oaks Blvd

      SHOPPING CENTER, STRIP CENTER
      6314 Fair Oaks Blvd, Carmichael, CA 95608-4810
      View Details

    Similar Nearby for Sale

    • $2,000,000
      17,880 SF

      Carmichael Retail Investment Opportunity

      Multi-tenant retail center in Carmichael, California for sale.
      4949 Marconi Ave, Carmichael, CA 95608
      View Details
    • Contact for pricing
      1,760 SF

      Automotive Repair Facility on Fair Oaks

      1,760 SF automotive repair shop on 0.5-acre parcel.
      7349 Fair Oaks Blvd, Carmichael, CA 95608
      View Details
    • Contact for pricing
      7,860 SF

      Carmichael Retail Property For Sale

      Retail property available for purchase in Carmichael, California.
      5913-5925 Fair Oaks Blvd, Carmichael, CA 95608
      View Details
    • Contact for pricing
      11,044 SF

      Carmichael Office/Retail Building For Sale

      11,044 SF office/retail building in the heart of Carmichael, CA.
      7300-7310 Fair Oaks Blvd, Carmichael, CA 95608
      View Details
    • Contact for pricing
      10,380 SF

      6705 Fair Oaks Blvd, Carmichael, CA 95608

      Storefront properties
      6705 Fair Oaks Blvd, Carmichael, CA 95608
      View Details
    • Contact for pricing
      33,190 SF

      Freestanding Building in Carmichael

      33,190 SF building at high-traffic intersection near Sacramento.
      6431 Fair Oaks Blvd, Carmichael, CA 95608
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      58,700 SF

      Carmichael Shopping Center Development Opportunity

      58,700 SF shopping center development in a populated residential area.
      5900 Winding Way, Carmichael, CA 95608
      View Details
    • Contact for pricing

      Retail Space in Carmichael Center

      Retail space available in established Carmichael shopping center.
      5025 Marconi Ave, Carmichael, CA 95608
      View Details
    • Contact for pricing
      8,100 SF

      Carmichael Retail Space For Rent

      Retail space available in a high-traffic Carmichael shopping center.
      6049 Madison Ave, Carmichael, CA 95608
      View Details
    • Contact for pricing
      15,241 SF

      Retail Space in Carmichael Center

      Neighborhood center on Fair Oaks Blvd with established retailers.
      7241 Fair Oaks Blvd, Carmichael, CA 95608
      View Details
    • Contact for pricing

      Retail Space Near Major Retailers

      Retail space with high visibility near national tenants.
      4141 Manzanita Ave, Carmichael, CA 95608
      View Details
    • Contact for pricing
      6,900 SF

      Retail Space in Carmichael Center

      Neighborhood retail center anchored by Smart & Final on Fair Oaks.
      7223 Fair Oaks Blvd, Carmichael, CA 95608
      View Details
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    Carmichael, CA 95608-4911
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    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.

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