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Property profile & analytics
OFF-MARKET
Estimated value
$4,335,000
Apartment buildings
2625 Carmichael Way Carmichael, CA 95608-5301
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-2006992
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
WOOD
Total area
13,576 SF
Lot
0.65 ac (28,211 SF)
Zoning code
RD-40 LC
APN
273-0191-018-0000
UPID
US09-2006992
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
by Request
CAP Approach
CAP
$2.79M
Comparable Approach
Comparable
$4.49M
Blend (final)
Blend
$4.34M
Owner & transaction history
Rue 1031 LLC · 4 yrs held
Rue 1031 LLC
since 2022
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
RD-40 LC · Carmichael, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.4M
+82.4%
Office building
$3.6M
+3.4%
Medical building
$3.5M
+0.9%
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%
$3,020,000
6.5%
$2,790,000
7%
$2,590,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,500,000
Current use
RESTAURANT
$6,385,000
Change: +82% · Conversion: Difficult
OFFICE BUILDING
$3,620,000
Change: +3% · Conversion: Moderate
MEDICAL BUILDING
$3,535,000
Change: +1% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,505,000
Change: +0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,170,000
Change: -9% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,830,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$4.34M
Range $3.90M – $4.77M · ±10% · vs last sale $4.53M (Jun 14 2022)
Last sale anchor
$4.53M
Jun 14 2022
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
$319 / 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
$37,232
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
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
1964
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
24
Total area
13,576 SF
Lot
0.65 ac (28,211 SF)
Zoning code
RD-40 LC
APN
273-0191-018-0000
UPID
US09-2006992
Jurisdiction
SACRAMENTO
Zoning & alternative use
RD-40 LC · Carmichael, CA
Zoning RD-40 LC · permitted uses
RD-40 LC · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.5M
RESTAURANT
Est. value
$6.4M
OFFICE BUILDING
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$3.2M
INDUSTRIAL (GENERAL)
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1964
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
24
Lot
0.65 ac
Current owner
From public records · entity-resolved
Rue 1031 LLC
Entity
Mailing address
PO BOX 53695, IRVINE, CA 92619-3695
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2022
$4,525,000
Rue 1031 LLC
Ricardo S De Leon
Grant Deed
$3,075,000 · Homestreet Bank
Jul 15, 2019
—
Evans Family Living Trust
Evans Robin J Trust
Quit Claim Deed
related
—
Jul 15, 2019
$3,900,000
De,leon Family Trust
B Ave Investments LLC
Trustees Deed
$2,715,000 · Opus Bk
Jul 19, 2017
$2,700,000
B Ave Investments LLC
Carmichael Way LLC
Grant Deed
$1,820,000 · Jp Morgan Chase Bk
Dec 2, 2014
$2,050,000
Carmichael Way LLC
Karwowski,mark & Terrell
Grant Deed
—
Feb 16, 2006
—
Mark Karwowski
Ronald J Burlick
Grant Deed
$1,450,000 · Washington Mutual Bank Fa
Mar 30, 1990
$1,160,000
Burlick Ronald J
Burbank Financia
Grant Deed
$870,000 · American Savings Bank
Mar 30, 1990
—
American Real Pr
Corporate Plaza
Trustees Deed
related
—
—
—
Ronald J Burlick
—
Deed Of Trust
related
$40,000 · Burbank Financial
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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