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Property profile & analytics
OFF-MARKET
Estimated value
$2,505,000
Warehouses
2835 Q St North Highlands, CA 95660-2908
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1728056
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1940
Construction
WOOD
Total area
11,347 SF
Lot
4.79 ac (208,652 SF)
Zoning code
M-1
APN
208-0081-002-0000
UPID
US09-1728056
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
-
Albertsstorage Storage Facility
-
Caraspace RV & Boat Storage Facility Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.53M
CAP Approach
CAP
$1.51M
Comparable Approach
Comparable
$2.39M
Blend (final)
Blend
$2.51M
Owner & transaction history
Caraspace LLC · 3 yrs held
Caraspace LLC
since 2023
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
M-1 · North Highlands, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.3M
+101.2%
Medical building
$3.0M
+82.9%
Auto repair, garage
$2.9M
+81.4%
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 North Highlands submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Highlands 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
$2,590,000
ML approach
$2,530,000
CAP Approach
CAP Return
Estimation
6%
$1,635,000
6.5%
$1,510,000
7%
$1,400,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,615,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,250,000
Change: +101% · Conversion: Difficult
MEDICAL BUILDING
$2,955,000
Change: +83% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,930,000
Change: +81% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,650,000
Change: +64% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,365,000
Change: +47% · Conversion: Easy
Blend value · Realmo final
$2.51M
Range $2.25M – $2.76M · ±10% · vs last sale $2.50M (Jan 27 2023)
Last sale anchor
$2.50M
Jan 27 2023
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
$221 / 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
$29,307
Tax year 2024
Assessed value
$2,550,000
Assessed 2024
Previous assessed
$2,550,000
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$2,346,000
Assessed improvement
$204,000
Applied tax rate
59.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1940
Construction
WOOD
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Rooms
5
Bathrooms
1
Total area
11,347 SF
Lot
4.79 ac (208,652 SF)
Zoning code
M-1
APN
208-0081-002-0000
UPID
US09-1728056
Jurisdiction
SACRAMENTO
Zoning & alternative use
M-1 · North Highlands, CA
Zoning M-1 · permitted uses
M-1 · North Highlands, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Highlands. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$2.4M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
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
1940
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Rooms
5
Bathrooms
1
Lot
4.79 ac
Current owner
From public records · entity-resolved
Caraspace LLC
Entity
Mailing address
1501 WESTCLIFF DR STE #306, NEWPORT BEACH, CA 92660-5519
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Jan 27, 2023
$2,500,000
Caraspace LLC
Selective Ventures LLC
Grant Deed
$1,250,000 · Bank Of The Sierra
Nov 20, 2020
—
Selective Ventures LLC
—
Deed
related
$1,125,000 · Summit St Bk
Feb 11, 2020
$1,225,000
Selective Ventures LLC
Bruce C Alberts
Grant Deed
$1,225,000 · Victor Malishchuk
Jan 31, 2011
—
Bruce C Alberts
Alberts,bruce C
Quit Claim Deed
related
—
Nov 13, 2006
—
Alberts Family Trust
Alberts,bruce C & Dorita R
Quit Claim Deed
related
—
Sep 4, 2001
—
Bruce C Alberts
Baxter,thomas S
Grant Deed
related
—
Aug 5, 1991
$335,500
Thomas S Baxter
Alberts,bruce C
Grant Deed
related
$355,000 · Seller
—
—
Bruce C Alberts
—
Deed Of Trust
related
$290,000 · American River Bank
—
—
Selective Ventures LLC
—
Deed Of Trust
related
$1,125,000 · Summit St Bk
—
—
Bruce Ca Alberts
—
Deed Of Trust
related
$120,000 · Beneficial Mortgage Co
—
—
Bruce C Alberts
—
Deed Of Trust
related
$425,000 · Bank Of America
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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