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Property profile & analytics
OFF-MARKET
Estimated value
$65,630,000
High-rise multifamily apartments
2920 Ramona Ave Sacramento, CA 95826-3813
Entity Owned
6-yr Hold
Absentee Owner
Property ID
US09-5623422
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2018
Construction
WOOD
Total area
350,049 SF
Lot
8.51 ac (370,695 SF)
Zoning code
MRD-SWR
APN
079-0241-018-0000
UPID
US09-5623422
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
-
Stegosaurus Sculpture Tour Operator
-
Mountain Cascade Agricultural Supply Construction Company
-
Nene's Krack Wingz Restaurant
-
The Crossings Apartments Property Management Company Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$84.60M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$65.63M
Owner & transaction history
Gem Crossings LLC · 6 yrs held
Gem Crossings LLC
since 2019
5 recorded transactions
Zoning & alternative use
MRD-SWR · Sacramento, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$91,645,000
6.5%
$84,595,000
7%
$78,550,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$103,705,000
Current use
AUTO REPAIR, GARAGE
$89,565,000
Change: -14% · Conversion: Difficult
MEDICAL BUILDING
$89,135,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$65.63M
Range $59.07M – $72.19M · ±10%
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
$187 / 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
$1,174,922
Tax year 2024
Assessed value
$99,545,694
Assessed 2024
Previous assessed
$99,545,694
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$17,905,774
Assessed improvement
$81,639,920
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2018
Construction
WOOD
Heating
NONE
Buildings
2
Stories
5
Total area
350,049 SF
Lot
8.51 ac (370,695 SF)
Zoning code
MRD-SWR
APN
079-0241-018-0000
UPID
US09-5623422
Jurisdiction
SACRAMENTO
Zoning & alternative use
MRD-SWR · Sacramento, CA
Zoning MRD-SWR · permitted uses
MRD-SWR · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$103.7M
AUTO REPAIR, GARAGE
Est. value
$89.6M
MEDICAL BUILDING
Est. value
$89.1M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL 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
2018
Construction
WOOD
Heating
NONE
Stories
5
Buildings
2
Lot
8.51 ac
Current owner
From public records · entity-resolved
Gem Crossings LLC
Entity
Mailing address
1 N LA SALLE ST STE #2100, CHICAGO, IL 60602-3918
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2019
$93,250,000
Gem Crossings LLC
Amcal Sacramento LLC
Grant Deed
$60,000,000 · First Abu Dhabi Bank USA Nv
Dec 28, 2016
$9,506,000
Amcal Sacramento LLC
Dimension Properties LLC
Grant Deed
$50,000,000 · Jpmorgan Chase Bank NA
Dec 23, 2016
—
Dimension Properties LLC
Dimension Properties LLC
Quit Claim Deed
related
—
Dec 13, 2016
—
Dimension Properties LLC
Dimension Properties LLC
Quit Claim Deed
related
—
—
—
Dimension Properties LLC
—
Deed Of Trust
related
—
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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