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Property profile & analytics
OFF-MARKET
Estimated value
$3,615,000
Apartment buildings
2602 Franklin Way West Sacramento, CA 95691-2305
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-2089204
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1959
Construction
WOOD
Lot
1.14 ac (49,522 SF)
Zoning code
M-1
APN
008-421-013-000
UPID
US09-2089204
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
$3.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.62M
Owner & transaction history
Owen And Evelina Realty LLC · 5 yrs held
Owen And Evelina Realty LLC
since 2021
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
M-1 · West Sacramento, 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 West Sacramento submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Sacramento 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
$3,995,000
ML approach
$3,885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.62M
Range $3.25M – $3.98M · ±10% · vs last sale $3.29M (Mar 31 2021)
Last sale anchor
$3.29M
Mar 31 2021
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
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$18,523
Tax year 2023
Assessed value
$1,395,644
Assessed 2023
Previous assessed
$1,395,644
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$370,174
Assessed improvement
$1,025,470
Applied tax rate
4.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1959
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
NONE
Lot
1.14 ac (49,522 SF)
Zoning code
M-1
APN
008-421-013-000
UPID
US09-2089204
Jurisdiction
YOLO
Zoning & alternative use
M-1 · West Sacramento, CA
Zoning M-1 · permitted uses
M-1 · West Sacramento, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Sacramento. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1959
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Lot
1.14 ac
Current owner
From public records · entity-resolved
Owen And Evelina Realty LLC
Entity
Mailing address
1191 LENARK CT, SAN JOSE, CA 95132-2809
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2021
$3,290,000
Owen And Evelina Realty LLC
Daniel J Shea
Grant Deed
$2,303,000 · Bank Of The West
Aug 20, 2018
—
Brewer,alice P 2004 Trust
Brewer,alice P
Affidavit Of Death
related
—
Aug 17, 2018
—
Shea,daniel J & Victoria P Trust
—
Deed
related
$1,300,000 · Dodson Thao N Living Tr (rt)
Aug 26, 1998
—
Shea Trust
Shea,daniel J
Quit Claim Deed
related
—
Jul 22, 1998
—
Daniel J Shea
Shea,victoria P
Quit Claim Deed
related
$80,000 · Individual
Jul 22, 1998
$186,000
Shea,daniel J
Khan,nazakat & Fermida
Trustees Deed
related
—
Jun 17, 1997
$66,500
Nazakat Khan
Grimes,forrest G
Grant Deed
related
$9,600 · Seller
Jan 27, 1994
—
Forrest G Grimes
Grimes,tiffany
Quit Claim Deed
related
$813,700 · Individual
Jan 27, 1994
$217,000
Grimes,forrest G
Davis,william W
Trustees Deed
related
—
—
—
Shea Daniel J & V P Trust
—
Deed Of Trust
related
$320,000 · Brewer Alice P 2004 Trust 006329
—
—
Shea Daniel J & V P Trust
—
Deed Of Trust
related
$250,000 · Acm Investors Services INC
—
—
Shea,daniel J & Victoria P Trust
—
Deed Of Trust
related
$1,300,000 · Dodson Thao N Living Tr (rt)
—
—
Shea Trust
—
Deed Of Trust
related
$39,500 · Individual
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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