Entity Owned Property summary
AI-generated overview
Located in Carmichael, the property is a multi-family apartment complex on a 1.28-acre lot. It offers oversized one- and two-bedroom units with approximately 1,090 to 1,490 square feet of living area, and each unit includes an in-suite washer and dryer. Residents have access to at least one large private patio or balcony. The complex includes a secured swimming pool for resident use. Units can be supported with a Ratio Utility Billing System (RUBS) to allocate utility costs where not already included, as permitted by applicable utility billing arrangements.
Property profile
Verified
Property type
Other apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
WOOD
Total area
13,256 SF
Lot
0.63 ac (27,390 SF)
Zoning code
RD-40
APN
273-0191-017-0000
UPID
US10-2983757
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.72M
Comparable Approach
Comparable
$4.49M
Blend (final)
Blend
$6.19M
Owner & transaction history
since 2022
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
RD-40 · Carmichael, CA
Top alternative use upside
Restaurant
$6.2M
+82.4%
Office building
$3.5M
+3.4%
Medical building
$3.5M
+0.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
7 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$6.19M
Value range
$5.57M – $6.81M
±10% around blend
Estimated value / SF
$467 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
30
$5.57M
blend $6.19M
$6.81M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
13,256 SF
Lot area
0.63 ac
Year built
1963
Stories
2
APN
273-0191-017-0000
Zoning
RD-40
Assessed value
$2,353,905
Annual tax
$37,225
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.72M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.95M
@ 6.5% CAP return
$2.72M
@ 7% CAP return
$2.53M
4
Sales comparison
Partial preview
Sales approach indication
$2.71M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.4 mi away · 14,100 SF
6.5 mi away · 14,496 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$6.19M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 35 sales
$258
+81%
Submarket 35 sales
$258
+81%
County 614 sales
$286
+63%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $467/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+82%
vs current-use indication
Office Building
Medical Building
Auto Repair, Garage
Apartment House (5+ Units) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
2.90%
Implied, in-place cap rate for this other apartment buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
NOI (est.)
$317k *
Last sale · Jun 2022
$4.53M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$10.92M
Move the market yield to see immediate price impact.
Value / SF
$824
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
2.40%2.90%3.40%
$285k
$11.88M
$9.83M
$8.38M
$317k
$13.20M
$10.92M
$9.32M
$348k
$14.52M
$12.01M
$10.25M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$2.58M
5.2 mi · Mar 2026 · $168/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$37,225
Tax year 2024
Assessed value
$2,353,905
Assessed 2024
Previous assessed
$2,353,905
+0.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$322,524
Assessed improvement
$2,031,381
Applied tax rate
54.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1963
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
24
Total area
13,256 SF
Lot
0.63 ac (27,390 SF)
Zoning code
RD-40
APN
273-0191-017-0000
UPID
US10-2983757
Jurisdiction
SACRAMENTO
Zoning & alternative use
RD-40 · Carmichael, CAZoning RD-40 · permitted uses
RD-40 · Carmichael, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1963
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
24
Lot
0.63 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
RD-40
Jurisdiction
Carmichael, CA
Recorded code
RD-40
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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