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Property profile & analytics
OFF-MARKET
Estimated value
$4,895,000
Apartment buildings
2719 Mls Park Dr Rancho Cordova, CA 95670-4730
Entity Owned
5-yr Hold
Absentee Owner
Property ID
US09-1474616
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
WOOD
Total area
60,808 SF
Lot
2.66 ac (115,869 SF)
Zoning code
RD 30
APN
057-0223-011-0000
UPID
US09-1474616
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
$6.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.90M
Owner & transaction history
Mills Park Property LLC · 5 yrs held
Mills Park Property LLC
since 2020
Last sale
$4.3M
7 recorded transactions
Zoning & alternative use
RD 30 · Rancho Cordova, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
RD-30 Zoning District (30 Dwelling Units per Acre Maximum). This district allows for high density residential development (e.g., apartments, condominiums) in the 25.1 to 30.0 dwelling units per acre range. As with other high density residential districts, this district also provides additional living opportunities for people of varying needs and income level…
Zone name
Residential
General category
RESIDENTIAL
Zone area
135.38 ac
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 Rancho Cordova submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rancho Cordova 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
$6,490,000
ML approach
$6,470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.90M
Range $4.41M – $5.38M · ±10% · vs last sale $4.30M (Nov 5 2020)
Last sale anchor
$4.30M
Nov 5 2020
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
$80 / 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
$57,204
Tax year 2024
Assessed value
$4,796,727
Assessed 2024
Previous assessed
$4,796,727
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$780,861
Assessed improvement
$4,015,866
Applied tax rate
8.0000
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
1963
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
72
Total area
60,808 SF
Lot
2.66 ac (115,869 SF)
Zoning code
RD 30
APN
057-0223-011-0000
UPID
US09-1474616
Jurisdiction
SACRAMENTO
Zoning & alternative use
RD 30 · Rancho Cordova, CAZoning RD 30 · permitted uses
RD 30 · Rancho Cordova, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
RD-30 Zoning District (30 Dwelling Units per Acre Maximum). This district allows for high density residential development (e.g., apartments, condominiums) in the 25.1 to 30.0 dwelling units per acre range. As with other high density residential districts, this district also provides additional living opportunities for people of varying needs and income levels (e.g., residential care facilities, assisted living facilities, congregate care facilities). D.
Zone name
Residential
General category
RESIDENTIAL
Zone area
135.38 ac
Building & site characteristics
From public records
Year built
1963
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
72
Lot
2.66 ac
Current owner
From public records · entity-resolved
Mills Park Property LLC
Entity
Mailing address
8958 IVANPAH CT, ELK GROVE, CA 95624-3702
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2020
—
Mills Park Property LLC
Rajesh K Naicker
Quit Claim Deed
related
$5,280,000 · Orix R/e Cap
Mar 1, 2018
$4,300,000
Rajesh K Naicker
Sami,blaydan & Anjila
Grant Deed
$3,225,000 · Beneficial St Bk
Nov 6, 2014
$3,960,000
Blaydan Sami
Fountain Crest Apartments LLC
Grant Deed
$2,962,500 · * Other Institutional Lenders
Aug 19, 2011
$2,100,000
Fountain Crest Apartments LLC
Crp Properties INC
Grant Deed
$1,000,000 · Richard Strock Psp
Oct 4, 2010
$2,548,156
Crp Properties INC
California Reconveyance Co
Trustees Deed
related
—
Apr 19, 2005
—
Aron Brock
Fountain Crest Partners LLC
Quit Claim Deed
related
—
Apr 19, 2005
$1,320,000
P B Booher
Continuity I LLC
Grant Deed
—
Dec 30, 1993
—
Fountain Crest Partners
San Francisco Fe
Grant Deed
$1,220,000 · San Francisco Federal S & L
Jun 29, 1992
$1,250,000
Fed S San Francisco
Butler,floyd E
Trustees Deed
related
—
—
—
Fountain Crest Partners
—
Deed Of Trust
related
$2,500,000 · Washington Mutual Fsb
—
—
Aron L Brock
—
Deed Of Trust
related
$300,000 · Brian Keeny
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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