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Property profile & analytics
OFF-MARKET
Estimated value
$2,410,000
Distribution centers
2459 Mercantile Dr Rancho Cordova, CA 95742-6218
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2573386
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2007
Construction
TILT-UP CONCRETE
Total area
15,000 SF
Lot
0.88 ac (38,465 SF)
Zoning code
M-1
APN
072-0390-046-0000
UPID
US10-2573386
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
-
Kniesel's Collision - Rancho Cordova Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.77M
Comparable Approach
Comparable
$3.28M
Blend (final)
Blend
$2.41M
Owner & transaction history
Good Leap Re LLC · 1 yrs held
Good Leap Re LLC
since 2025
Last sale
$2.7M
5 recorded transactions
Zoning & alternative use
M-1 · Rancho Cordova, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.9M
+55.0%
Auto repair, garage
$3.9M
+53.7%
Commercial (general)
$3.5M
+39.0%
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 Rancho Cordova submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rancho Cordova 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%
$1,920,000
6.5%
$1,770,000
7%
$1,645,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,520,000
Current use
MEDICAL BUILDING
$3,905,000
Change: +55% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,875,000
Change: +54% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,505,000
Change: +39% · Conversion: Difficult
RETAIL STORES
$3,415,000
Change: +35% · Conversion: Moderate
Blend value · Realmo final
$2.41M
Range $2.17M – $2.65M · ±10% · vs last sale $2.70M (Dec 28 2024)
Last sale anchor
$2.70M
Dec 28 2024
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
$161 / 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
$28,382
Tax year 2024
Assessed value
$2,238,698
Assessed 2024
Previous assessed
$2,238,698
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$508,659
Assessed improvement
$1,730,039
Applied tax rate
8.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2007
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
15,000 SF
Lot
0.88 ac (38,465 SF)
Zoning code
M-1
APN
072-0390-046-0000
UPID
US10-2573386
Jurisdiction
SACRAMENTO
Zoning & alternative use
M-1 · Rancho Cordova, CA
Zoning M-1 · permitted uses
M-1 · Rancho Cordova, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rancho Cordova. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.5M
RETAIL STORES
Est. value
$3.4M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2007
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
0.88 ac
Current owner
From public records · entity-resolved
Good Leap Re LLC
Entity
Mailing address
5107 BUENA VIS AVE, FAIR OAKS, CA 95628-3817
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2025
$2,700,000
Good Leap Re LLC
Bryan Taylor Welsh
Grant Deed
$2,000,000 · Bryan Welsh
Mar 20, 2023
—
Steven F Welsh
Steven F Welsh
Affidavit Of Death Of Joint Tenant
related
—
Mar 8, 2023
—
Kniesel S Collision INC
Bryan Taylor Welsh
Lease
—
Apr 29, 2008
$1,650,000
Steven F Welsh
Obrien,mark T
Grant Deed
$965,250 · Bank Of America
Apr 25, 2008
—
Kevin Woodbury
Obrien,mark T
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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