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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
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, CA
Zoning 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
Rancho Cordova. Always verify with local authorities before improvements.
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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