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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Manufacturing properties
2646 Albatross Way Sacramento, CA 95815-2806
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1053262
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1962
Construction
WOOD
Total area
2,816 SF
Lot
0.28 ac (12,410 SF)
Zoning code
C-2-R
APN
266-0331-026-0000
UPID
US09-1053262
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
Current use
Occupant on record · Public records
-
California Sheds Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$755k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$628k
Blend (final)
Blend
$680k
Owner & transaction history
William Charles Kelley · 4 yrs held
William Charles Kelley
since 2022
Last sale
$670,000
6 recorded transactions
Zoning & alternative use
C-2-R · Sacramento, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$885,000
+45.8%
Auto repair, garage
$720,000
+18.9%
Medical building
$715,000
+18.4%
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 Sacramento submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
$840,000
ML approach
$755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$605,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$885,000
Change: +46% · Conversion: Difficult
AUTO REPAIR, GARAGE
$720,000
Change: +19% · Conversion: Easy
MEDICAL BUILDING
$715,000
Change: +18% · Conversion: Difficult
COMMERCIAL (GENERAL)
$665,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$490,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$680k
Range $612k – $748k · ±10% · vs last sale $670k (Jun 21 2022)
Last sale anchor
$670k
Jun 21 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
$241 / 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
$5,341
Tax year 2024
Assessed value
$437,823
Assessed 2024
Previous assessed
$437,823
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$283,301
Assessed improvement
$154,522
Applied tax rate
3.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1962
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
2,816 SF
Lot
0.28 ac (12,410 SF)
Zoning code
C-2-R
APN
266-0331-026-0000
UPID
US09-1053262
Jurisdiction
SACRAMENTO
Zoning & alternative use
C-2-R · Sacramento, CA
Zoning C-2-R · permitted uses
C-2-R · Sacramento, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sacramento. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$605,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$885,000
AUTO REPAIR, GARAGE
Est. value
$720,000
MEDICAL BUILDING
Est. value
$715,000
COMMERCIAL (GENERAL)
Est. value
$665,000
OFFICE BUILDING
Est. value
$490,000
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1962
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
0.28 ac
Current owner
From public records · entity-resolved
William Charles Kelley
Individual
Free & Clear · 4 yrs held
Mailing address
6051 GDN HWY, SACRAMENTO, CA 95837-9316
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2022
—
William Charles Kelley
William C Kelley
Intrafamily Transfer
related
—
Oct 29, 2007
$670,000
William C Kelley
Richard Todd Messersmith
Grant Deed
$602,500 · Wachovia Sba Lending INC
Jun 5, 2002
$114,091
Messersmith INC
Pr Partnership LLC
Grant Deed
—
May 14, 2002
$166,005
Pr Partnership LLC
Groves,wallace L
Trustees Deed
—
Jul 24, 1991
—
Wallace L Groves
—
Deed Of Trust
related
—
—
—
Messersmith INC
—
Deed Of Trust
related
$110,000 · Us Bank NA
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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