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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Flex space
3207 Luyung Dr Rancho Cordova, CA 95742-6862
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-3229909
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1997
Construction
TILT-UP CONCRETE
Total area
2,764 SF
Lot
0.31 ac (13,500 SF)
Zoning code
M-2
APN
072-0450-079-0000
UPID
US09-3229909
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
-
Bissell Brothers Inc General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$595k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$388k
Blend (final)
Blend
$515k
Owner & transaction history
Michael P Davey & Mary L Davey Rev
Michael P Davey & Mary L Davey Rev
since 2025
Last sale
$500,000
7 recorded transactions
Zoning & alternative use
M-2 · Rancho Cordova, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$720,000
+38.7%
Auto repair, garage
$715,000
+37.6%
Commercial (general)
$645,000
+24.5%
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 Rancho Cordova submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rancho Cordova 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
$580,000
ML approach
$595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$520,000
Current use
MEDICAL BUILDING
$720,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$715,000
Change: +38% · Conversion: Easy
COMMERCIAL (GENERAL)
$645,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$630,000
Change: +21% · Conversion: Moderate
WAREHOUSE, STORAGE
$465,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $500k (Oct 26 2021)
Last sale anchor
$500k
Oct 26 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
$186 / 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
$6,946
Tax year 2024
Assessed value
$541,008
Assessed 2024
Previous assessed
$541,008
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$145,656
Assessed improvement
$395,352
Applied tax rate
8.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1997
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
2,764 SF
Lot
0.31 ac (13,500 SF)
Zoning code
M-2
APN
072-0450-079-0000
UPID
US09-3229909
Jurisdiction
SACRAMENTO
Zoning & alternative use
M-2 · Rancho Cordova, CA
Zoning M-2 · permitted uses
M-2 · Rancho Cordova, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rancho Cordova. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$520,000
MEDICAL BUILDING
Est. value
$720,000
AUTO REPAIR, GARAGE
Est. value
$715,000
COMMERCIAL (GENERAL)
Est. value
$645,000
RETAIL STORES
Est. value
$630,000
WAREHOUSE, STORAGE
Est. value
$465,000
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1997
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
0.31 ac
Current owner
From public records · entity-resolved
Michael P Davey & Mary L Davey Rev
Individual
Mailing address
2560 TEEPEE DR STE C, STOCKTON, CA 95205-2475
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2025
—
Michael P Davey & Mary L Davey Rev
Michael P Davey
Deed
related
—
Oct 26, 2021
$500,000
Michael P Davey
Culbra LLC
Grant Deed
$2,102,000 · First Citizens Bank & Trust Co
Dec 12, 2019
$500,000
Culbra LLC
Bissell D L & D A Trust
Grant Deed
$1,893,900 · Us Bk
Nov 17, 2014
—
Bissell,david L & D A Trust
Bissell,david L
Quit Claim Deed
related
—
Apr 3, 2000
—
John N Bissell
Bissell,robin
Quit Claim Deed
related
$117,500 · Bank Of America Community Dev
Oct 27, 1999
$492,000
Buntain Construction INC
Real Estate Concepts
Grant Deed
—
—
—
John N Bissell
—
Deed Of Trust
related
$155,000 · 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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