Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2508 Garfield Ave Carmichael, CA 95608-4704
    Back to Search
    Property profile & analytics

    2508 Garfield Ave, Carmichael, CA 95608-4704

    View on Map
    • Office buildings
    • 7,920 SF
    • 0.80 lot acres
    Off-Market
    Property ID
    US10-3281029
    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
    $1,715,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 2508 Garfield Ave

    Year built
    1984
    Construction
    WOOD
    Lot size
    0.80 lot acres
    Zone code
    RD-10
    Property type
    Office buildings
    APN
    272-0312-031-0000
    APU
    27203120310000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 13, 2019 — Franklin Business Park LLC — Deed · related $665k · 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 $585k · 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 $370k · Seller
    — — Franklin Business Park LLC — Deed Of Trust · related $665k · Central Vly Cmnty Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,200,000
      6.5%
      $2,035,000
      7%
      $1,885,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,882,000
      Market price range: $899k - $3.23M
      AI Estimate
      $1,235,000
      Market price range: $475k - $2.09M

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Carmichael
    County
    Sacramento
    State
    California
    Longitude
    -121.336
    Latitude
    38.6103
    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
    $10,490
    $382,774
    $476,500
    $859,274
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,770,000
      19,360 SF

      5949 Fair Oaks Blvd

      OFFICE BUILDING
      5949 Fair Oaks Blvd, Carmichael, CA 95608-5221
      View Details
    • Value Estimation
      $625,000
      4,375 SF

      6825 Fair Oaks Blvd

      OFFICE BUILDING (MULTI-STORY)
      6825 Fair Oaks Blvd, Carmichael, CA 95608-3836
      View Details
    • Value Estimation
      $625,000
      6,624 SF

      4444 Manzanita Ave

      OFFICE BUILDING
      4444 Manzanita Ave, Carmichael, CA 95608-1488
      View Details
    • Value Estimation
      $1,235,000
      4,970 SF

      5909 Stanley Ave

      OFFICE BUILDING
      5909 Stanley Ave, Carmichael, CA 95608-3873
      View Details
    • Value Estimation
      $795,000
      4,620 SF

      6233 Fair Oaks Blvd

      OFFICE BUILDING (MULTI-STORY)
      6233 Fair Oaks Blvd, Carmichael, CA 95608-4822
      View Details
    • Value Estimation
      $645,000
      2,466 SF

      7836 Fair Oaks Blvd

      OFFICE BUILDING
      7836 Fair Oaks Blvd, Carmichael, CA 95608-2495
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Freestanding Office Building For Sale

      Freestanding 2,544 SF office building suitable for professional uses.
      4901 Marconi Ave, 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
      9,457 SF

      Carmichael Redevelopment or Owner/User Opportunity

      Redevelopment or owner/user opportunity in Sacramento with existing income.
      7144 Fair Oaks Blvd, Carmichael, CA 95608
      View Details
    • $325,000

      Medical Office Condo For Sale

      Medical office condominium in established park, suitable for various practices.
      3609 Mission Ave, Carmichael, CA 95608
      View Details
    • Contact for pricing
      35,478 SF

      Medical Office Building Near Hospital

      Medical office building with surgery center near Mercy San Juan.
      6660 Coyle 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

    Similar Nearby for Lease

    • $1.40 SF/Yr

      Carmichael Office/Medical/Dental Space Available

      Office/medical/dental space for lease in Carmichael, California.
      6600 Madison Ave, Carmichael, CA 95608
      View Details
    • Contact for pricing
      875 SF

      Medical Office Space for Lease

      On-campus medical office space available for lease.
      6555 Coyle Ave, Carmichael, CA 95608
      View Details
    • Contact for pricing
      2,300 SF

      Carmichael Office Space Available

      Two-story office complex with ample parking in Carmichael, CA.
      4718 Engle Rd, Carmichael, CA 95608
      View Details
    • Contact for pricing
      2,274 SF

      Carmichael Office Space For Rent

      Office space available for lease in Carmichael, California.
      8300 Fair Oaks Blvd, Carmichael, CA 95608
      View Details
    • Contact for pricing

      Multi-Tenant Retail/Office Property For Rent

      7,880 SF multi-tenant retail/office property on 0.42 acres.
      5925 Fair Oaks Blvd, Carmichael, CA 95608
      View Details
    • $1.85 SF/Yr

      Modern Flex Space For Lease

      Modern flex space with office, warehouse, and garage combo.
      5900 Wedgewood Ave, Carmichael, CA 95608
      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.
    2508 Garfield Ave
    Carmichael, CA 95608-4704
    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

    Thank You for Inquiry
    2508 Garfield Ave, Carmichael, CA, 95608
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!