Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,715,000
Office buildings
2508 Garfield Ave Carmichael, CA 95608-4704
Entity Owned
7-yr Hold
Free & Clear
Property ID
US10-3281029
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
WOOD
Total area
7,920 SF
Lot
0.8 ac (34,848 SF)
Zoning code
RD-10
APN
272-0312-031-0000
UPID
US10-3281029
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
-
Hs Dental Lab Inc Dental Office
-
Ceramic Designs Dental Lab, Inc Dental Office
-
Your Yoni Retreat Spa & Massage Center
-
Ceramic Designs Dental Lab Dental Office
-
Ministry Pacific Financial Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.04M
Comparable Approach
Comparable
$1.88M
Blend (final)
Blend
$1.72M
Owner & transaction history
Franklin Business Park LLC · 7 yrs held
Franklin Business Park LLC
since 2019
7 recorded transactions
Zoning & alternative use
RD-10 · Carmichael, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Carmichael submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carmichael 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%
$2,200,000
6.5%
$2,035,000
7%
$1,885,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,115,000
Current use
MEDICAL BUILDING
$2,060,000
Change: -2% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,045,000
Change: -3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,045,000
Change: -3% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,850,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.72M
Range $1.54M – $1.89M · ±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
$217 / 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
$10,490
Tax year 2024
Assessed value
$859,274
Assessed 2024
Previous assessed
$859,274
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$382,774
Assessed improvement
$476,500
Applied tax rate
54.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
7,920 SF
Lot
0.8 ac (34,848 SF)
Zoning code
RD-10
APN
272-0312-031-0000
UPID
US10-3281029
Jurisdiction
SACRAMENTO
Zoning & alternative use
RD-10 · Carmichael, CA
Zoning RD-10 · permitted uses
RD-10 · Carmichael, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carmichael. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.9M
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1984
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
0.8 ac
Current owner
From public records · entity-resolved
Franklin Business Park LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 895, CARMICHAEL, CA 95609-0895
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2019
—
Franklin Business Park LLC
—
Deed
related
$665,000 · Central Vly Cmnty Bk
Apr 30, 2019
$786,000
Franklin Business Park LLC
Kotrous James S Living Trust
Grant Deed
—
Feb 28, 2008
—
Kotrous James S Living Trust
Kotrous,james S
Quit Claim Deed
related
—
Mar 28, 2005
$581,500
James S Kotrous
2508 Garfield LLC
Grant Deed
—
Nov 5, 2003
—
Garfield
Poelman,tr
Grant Deed
related
—
Aug 5, 2003
—
2508 Garfield LLC
Poelman,tr
Grant Deed
related
—
Jul 21, 2003
$870,000
Poelman,tr
Yamasaki,tr
Grant Deed
$585,000 · Commonwealth Land Title Co
Jul 21, 2003
—
Lisa Yamasaki
Yousefi,michael P
Grant Deed
related
—
Apr 4, 1995
—
Denise S Yamasaki
Yamasaki,george M & Shigeyo
Quit Claim Deed
related
—
Apr 8, 1994
$785,000
Yamasaki Trust
Carter,larry A &
Grant Deed
$370,000 · Seller
—
—
Franklin Business Park LLC
—
Deed Of Trust
related
$665,000 · Central Vly Cmnty Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2508 Garfield Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
