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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3129 California Ave Carmichael, CA 95608-4506

    • Garden apartment buildings
    • 4,320 SF
    • 1.14 lot acres
    OFF-MARKET
    Value Estimations
    $565,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3142340
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 3129 California Ave

    Year built
    1955
    Construction
    WOOD
    Lot size
    1.14 lot acres
    Property size
    4,320 SF
    Zone code
    RD-7
    Property type
    Garden apartment buildings
    APN
    273-0070-008-0000
    APU
    27300700080000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $390,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $733,000
      Market price range: $734k - $1.49M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Carmichael
    County
    Sacramento
    State
    California
    Longitude
    -121.322
    Latitude
    38.6216
    CBSA code
    40900
    CBSA name
    SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,342
    $155,657
    $200,211
    $355,868
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,085,000
      12,394 SF

      6104 Villa Capri Ct

      GARDEN APT, COURT APT (5+ UNITS) • 12,394 SF
      6104 Villa Capri Ct, Carmichael, CA 95608-6407
      View Details
    • Value Estimation by Request
      0.84 Acres

      6921 Fair Oaks Blvd

      GARDEN APT, COURT APT (5+ UNITS) • 0.84 Acres
      6921 Fair Oaks Blvd, Carmichael, CA 95608
      View Details
    • Value Estimation
      $1,415,000
      10,683 SF

      3808 Walnut Ave

      GARDEN APT, COURT APT (5+ UNITS) • 10,683 SF
      3808 Walnut Ave, Carmichael, CA 95608-2149
      View Details
    • Value Estimation
      $2,250,000
      16,114 SF

      2116 Walnut Ave

      GARDEN APT, COURT APT (5+ UNITS) • 16,114 SF
      2116 Walnut Ave, Carmichael, CA 95608
      View Details
    • Value Estimation by Request
      0.46 Acres

      Riverbank Pl

      GARDEN APT, COURT APT (5+ UNITS) • 0.46 Acres
      Riverbank Pl, Carmichael, CA 95608
      View Details
    • Value Estimation
      $1,225,000
      6,547 SF

      5519 Marconi Ave

      GARDEN APT, COURT APT (5+ UNITS) • 6,547 SF
      5519 Marconi Ave, Carmichael, CA 95608-4409
      View Details

    Similar Nearby for Sale

    • $5,295,000
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      Oversized One- and Two-Bedroom Units

      Oversized One- and Two-Bedroom Units
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      Carmichael Colonial-Style Townhome For Sale

      Charming 3-bedroom, 2-bathroom townhome in a desirable Carmichael community.
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      Renovated Townhome with Community Amenities

      Recently renovated 3-bedroom townhome with updated kitchen and community amenities.
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      Carmichael Medical Office Building

      Prime Medical Office, 4,941 SF, High ROI
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      Prime Carmichael Retail Storefront

      10,380 SF Retail Space - $1.96M
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      Freestanding Office Building For Sale

      Freestanding 2,544 SF office building suitable for professional uses.
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    Similar Nearby for Lease

    • Contact for pricing
      30,302 SF

      Carmichael Retail Center Opportunity

      High-profile retail space available in Carmichael, CA.
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      View Details
    • Contact for pricing
      2,350 SF

      Retail Space in Carmichael Center

      Retail space available in shopping center anchored by national tenants.
      4955-5025 Marconi Ave, Carmichael, CA 95608
      View Details
    • Contact for pricing
      1,104 SF

      Freestanding Restaurant Space Available

      Former restaurant space for lease with tenant improvement allowance.
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      Retail Space Near Rayley's

      Retail space adjacent to Rayley's with turn-key delivery conditions.
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    • Contact for pricing

      Land on Fair Oaks Boulevard

      Land available for development on a busy thoroughfare.
      7823 Fair Oaks Blvd, Carmichael, CA 95608
      View Details
    • $17 SF/Yr
      10,380 SF

      Carmichael Retail Space - 10,380 SF

      Prime Carmichael retail building, high visibility, ample parking.
      6705 Fair Oaks Blvd, Carmichael, CA 95608
      View Details
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    3129 California Ave
    Carmichael, CA 95608-4506
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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