Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,875,000
Manufacturing properties
2939 Academy Way Sacramento, CA 95815-1802
Entity Owned
21-yr Hold
Free & Clear
Property ID
US09-0877936
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1973
Construction
TILT-UP CONCRETE
Total area
71,335 SF
Lot
5.07 ac (220,849 SF)
Zoning code
M-T
APN
265-0411-001-0000
UPID
US09-0877936
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
-
Pacific Neon Company - Electrical Signs Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.88M
Owner & transaction history
Oleta Lambert Properties LLC · 21 yrs held
Oleta Lambert Properties LLC
since 2004
7 recorded transactions
Zoning & alternative use
M-T · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$68 / 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
$19,903
Tax year 2024
Assessed value
$1,531,364
Assessed 2024
Previous assessed
$1,531,364
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$661,497
Assessed improvement
$869,867
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
1973
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
71,335 SF
Lot
5.07 ac (220,849 SF)
Zoning code
M-T
APN
265-0411-001-0000
UPID
US09-0877936
Jurisdiction
SACRAMENTO
Zoning & alternative use
M-T · Sacramento, CA
Zoning M-T · permitted uses
M-T · 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.
Building & site characteristics
From public records
Year built
1973
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
5.07 ac
Current owner
From public records · entity-resolved
Oleta Lambert Properties LLC
Entity
Free & Clear · 21 yrs held
Mailing address
2939 ACADEMY WAY, SACRAMENTO, CA 95815-1802
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2025
—
Oleta Lambert Properties LLC
—
Deed
related
$1,200,000 · Safe Cu
Oct 5, 2004
—
Oleta Lambert Properties LLC
Lambert,oleta
Quit Claim Deed
related
—
Jan 19, 1999
$850,000
Oleta Lambert
Grimsley,david P
Grant Deed
$25,375 · First Financial Funding Group
Nov 14, 1995
$730,000
Grimsley,david P
Us Small Business Admn
Trustees Deed
—
Nov 14, 1995
—
David P Grimsley
Grimsley,gloria J
Quit Claim Deed
related
—
Jan 23, 1995
$732,710
Us Small Business Admin
Hagen,clifford R
Trustees Deed
—
Mar 29, 1991
$1,250,000
Hagen,clifford R
Tonkin,millard C
Trustees Deed
$637,500 · Westamerica Bank
—
—
Clifford R Hagen
—
Deed Of Trust
related
$309,221 · J C Paper Co INC
—
—
Clifford R Hagen
—
Deed Of Trust
related
$119,202 · J C Paper Co INC
—
—
Clifford R Hagen
—
Deed Of Trust
related
$528,000 · Economic Dev Found Of Sacramen
—
—
Clifford R Hagen
—
Deed Of Trust
related
$510,000 · Westamerica Bank
—
—
Clifford R Hagen
—
Deed Of Trust
related
$455,855 · J C Paper
—
—
Clifford R Hagen
—
Deed Of Trust
related
$890,234 · Sacramento Busin
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2939 Academy Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
