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Property profile & analytics
OFF-MARKET
Estimated value
$1,330,000
Distribution centers
3233 Elkhorn Blvd, North Highlands, CA 95660-3123
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2039346
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1988
Construction
TILT-UP CONCRETE
Total area
9,600 SF
Lot
0.6 ac (26,136 SF)
Zoning code
M-1
APN
208-0151-014-0000
UPID
US09-2039346
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
-
Billy's Motorcycle Shop Auto Repair Shop Motorcycle Shop
-
Dalat Auto Body Parts & Supplies Auto Repair Shop
-
Safe Buy Inc. Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.37M
CAP Approach
CAP
$1.14M
Comparable Approach
Comparable
$1.78M
Blend (final)
Blend
$1.33M
Owner & transaction history
Terry N Meinzer · 3 yrs held
Terry N Meinzer
since 2023
Last sale
$1.3M
3 recorded transactions
Zoning & alternative use
M-1 · North Highlands, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$2.0M
+46.5%
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 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
$1,345,000
ML approach
$1,370,000
CAP Approach
CAP Return
Estimation
6%
$1,225,000
6.5%
$1,135,000
7%
$1,050,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,365,000
Current use
INDUSTRIAL (GENERAL)
$2,005,000
Change: +47% · Conversion: Easy
Blend value · Realmo final
$1.33M
Range $1.20M – $1.46M · ±10% · vs last sale $1.30M (May 22 2023)
Last sale anchor
$1.30M
May 22 2023
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
$139 / 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
$8,582
Tax year 2024
Assessed value
$744,843
Assessed 2024
Previous assessed
$744,843
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$152,972
Assessed improvement
$591,871
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1988
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
9,600 SF
Lot
0.6 ac (26,136 SF)
Zoning code
M-1
APN
208-0151-014-0000
UPID
US09-2039346
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
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
1988
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
0.6 ac
Current owner
From public records · entity-resolved
Terry N Meinzer
Individual
Free & Clear · 3 yrs held
Mailing address
3305 ELKHORN BIVD #1, NORTH HIGHLANDS, CA 95660
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2023
$1,299,500
Terry N Meinzer
Sierra Madre Enterprises LP
Grant Deed
—
Sep 16, 2020
—
Sierra Madre Ents LP
Mlp-two LLC
Quit Claim Deed
related
—
Apr 26, 1994
—
Terry N Meinzer
Meinzer,lester N
Quit Claim Deed
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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