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Property profile & analytics
OFF-MARKET
Estimated value
$8,555,000
Medical Office Space
2540 Los Feliz Way Carmichael, CA 95608
Entity Owned
Free & Clear
Property ID
US09-2643950
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1971
Construction
WOOD
Total area
34,013 SF
Lot
0.79 ac (34,516 SF)
Zoning code
RD-5 (NPA)
APN
273-0200-039-0000
UPID
US09-2643950
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.53M
CAP Approach
CAP
$5.33M
Comparable Approach
Comparable
$5.62M
Blend (final)
Blend
$8.56M
Owner & transaction history
Ctr Partnership LP
Ctr Partnership LP
since 2026
Last sale
$10.6M
7 recorded transactions
Zoning & alternative use
RD-5 (NPA) · Carmichael, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$9.1M
+2.5%
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
$10,595,000
ML approach
$8,530,000
CAP Approach
CAP Return
Estimation
6%
$5,770,000
6.5%
$5,325,000
7%
$4,945,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$8,855,000
Current use
OFFICE BUILDING
$9,075,000
Change: +2% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,780,000
Change: -1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,775,000
Change: -1% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,945,000
Change: -10% · Conversion: Easy
INDUSTRIAL (GENERAL)
$7,095,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$8.56M
Range $7.70M – $9.41M · ±10% · vs last sale $10.63M (Feb 7 2025)
Last sale anchor
$10.63M
Feb 7 2025
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
$252 / 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
$30,451
Tax year 2024
Assessed value
$1,471,064
Assessed 2024
Previous assessed
$1,471,064
+0.0% YoY
Effective rate
2.07%
On assessed value
Assessed land
$57,652
Assessed improvement
$1,413,412
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1971
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
34,013 SF
Lot
0.79 ac (34,516 SF)
Zoning code
RD-5 (NPA)
APN
273-0200-039-0000
UPID
US09-2643950
Jurisdiction
SACRAMENTO
Zoning & alternative use
RD-5 (NPA) · Carmichael, CA
Zoning RD-5 (NPA) · permitted uses
RD-5 (NPA) · 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
MEDICAL BUILDING Current
Est. value
$8.9M
OFFICE BUILDING
Est. value
$9.1M
AUTO REPAIR, GARAGE
Est. value
$8.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.8M
COMMERCIAL (GENERAL)
Est. value
$7.9M
INDUSTRIAL (GENERAL)
Est. value
$7.1M
MEDICAL BUILDING Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
INDUSTRIAL (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
1971
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
0.79 ac
Current owner
From public records · entity-resolved
Ctr Partnership LP
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 7880, STOCKTON, CA 95267-0880
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2026
$33,115,500
Ctr Partnership LP
2540 Carmichael Way Propco LLC
Grant Deed
—
Apr 2, 2007
—
Windsor El Camino Care Ctr LLC
El Camino Hospital
Quit Claim Deed
related
—
Jul 14, 2003
—
El Camino Hospital LP
—
Deed Of Trust
related
$2,010,440 · Comerica Bank California
Sep 26, 1997
—
El Camino Hospital LP
—
Deed Of Trust
related
$2,065,000 · Comerica Bank California
Aug 12, 1994
—
El Camino Hospital LP
—
Deed Of Trust
related
$1,000,000 · Comerica Bank
—
—
El Camino Hospital LP
—
Loan Modification
related
$1,250,000 · Comerica Bk
—
—
El Camino Hospital LP
—
Deed Of Trust
related
$1,516,852 · Comerica Bank
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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