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Property profile & analytics
OFF-MARKET
Estimated value
$1,515,000
Warehouses
3145 Q St North Highlands, CA 95660
Individually Owned
Absentee Owner
Free & Clear
Property ID
US10-2213452
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1945
Construction
WOOD
Total area
20,592 SF
Lot
6.26 ac (272,685 SF)
Zoning code
M-1
APN
208-0082-007-0000
UPID
US10-2213452
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
$1.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$1.52M
Owner & transaction history
Eric A Olsem
Eric A Olsem
since 2025
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
M-1 · North Highlands, 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 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
$1,665,000
ML approach
$1,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.52M
Range $1.36M – $1.67M · ±10% · vs last sale $1.40M (Aug 27 2021)
Last sale anchor
$1.40M
Aug 27 2021
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
$74 / 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
$16,514
Tax year 2024
Assessed value
$1,427,860
Assessed 2024
Previous assessed
$1,427,860
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,372,086
Assessed improvement
$55,774
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
1945
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Rooms
4
Bathrooms
1
Total area
20,592 SF
Lot
6.26 ac (272,685 SF)
Zoning code
M-1
APN
208-0082-007-0000
UPID
US10-2213452
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.
Building & site characteristics
From public records
Year built
1945
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Rooms
4
Bathrooms
1
Lot
6.26 ac
Current owner
From public records · entity-resolved
Eric A Olsem
Individual
Free & Clear · 0 yrs held
Mailing address
3717 MADISON AVE, NORTH HIGHLANDS, CA 95660-5009
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2025
—
Eric A Olsem
—
Deed
related
$1,350,000 · Northern California National Bank
Oct 8, 2025
—
Eric A Olsem
William And Elizabeth Olsem Family
Deed
related
—
Aug 27, 2021
—
William L Olsen
William Lawrence Olsem
Intrafamily Transfer
related
$1,500,000 · Northern California National Bank
Dec 15, 2017
$1,400,000
Olsem,william & Elizabeth Trust
Jax Properties INC
Grant Deed
$1,050,000 · Harvest Small Busn Fin LLC
Jul 21, 2008
$1,200,000
Jax Properties INC
Maher Family 1988 Trust
Grant Deed
$800,000 · General Electric Capital Corp
Dec 31, 2001
—
Cepel Properties LLC
Cepel,jerry M
Quit Claim Deed
related
—
Sep 6, 1996
$500,000
Cepel,jerry M
Williams,irene M
Trustees Deed
—
—
—
Jerry M Cepel
—
Deed Of Trust
related
$508,000 · Individual
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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