Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3540 Morse Ave Sacramento, CA 95821-2456

    • Apartment buildings
    • 6,020 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimations
    $305,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3163108
    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

    • Apartment buildings

    Property Details for 3540 Morse Ave

    Year built
    1957
    Construction
    WOOD
    Lot size
    0.24 lot acres
    Property size
    6,020 SF
    Zone code
    RD-20
    Property type
    Apartment buildings
    APN
    254-0171-004-0000
    APU
    25401710040000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $314,000
      Market price range: $315k - $1.38M

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

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.392
    Latitude
    38.6305
    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
    $2,646
    $20,303
    $163,002
    $183,305
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $490,000
      0.30 Acres

      2807 Elvyra Way

      APARTMENT HOUSE (100+ UNITS) • 0.30 Acres
      2807 Elvyra Way, Sacramento, CA 95821-5830
      View Details
    • Value Estimation
      $990,000
      84,144 SF

      3045 Eastern Ave

      APARTMENT HOUSE (100+ UNITS) • 84,144 SF
      3045 Eastern Ave, Sacramento, CA 95821-4201
      View Details
    • Value Estimation
      $805,000
      77,164 SF

      2712 Marconi Ave

      APARTMENT HOUSE (100+ UNITS) • 77,164 SF
      2712 Marconi Ave, Sacramento, CA 95821
      View Details
    • Value Estimation
      $10,000,000
      3,496 SF

      2020 Red Robin Ln

      APARTMENT HOUSE (5+ UNITS) • 3,496 SF
      2020 Red Robin Ln, Sacramento, CA 95821-4500
      View Details
    • Value Estimation
      $2,505,000
      58,332 SF

      2929 Edison Ave

      APARTMENT HOUSE (5+ UNITS) • 58,332 SF
      2929 Edison Ave, Sacramento, CA 95821-2433
      View Details
    • Value Estimation
      $2,175,000
      48,981 SF

      2224 Edison Ave

      APARTMENT HOUSE (5+ UNITS) • 48,981 SF
      2224 Edison Ave, Sacramento, CA 95821-1600
      View Details

    Similar Nearby for Sale

    • $1,895,000
      8,400 SF

      Sacramento Multifamily Investment Opportunity

      12-unit apartment community near Downtown Sacramento with upgrade potential.
      2630 Darwin St, Sacramento, CA 95821
      View Details
    • $1,900,000
      18,682 SF

      16-Unit Apartment Building (The Arcade Apartments) For Sale

      16-Unit Apartment Building (The Arcade Apartments) For Sale
      3539 Edison Ave, Sacramento, CA 95821
      View Details
    • $1,050,000
      4,200 SF

      Marconi Ave Office Building

      Sacramento Office Building - Owner/User Opportunity
      3444 Marconi Ave, Sacramento, CA 95821
      View Details
    • $11,908,000
      133,799 SF

      Executive Office Complex, Sacramento

      Prime Sacramento Office Space, 133,799 SF
      3600 Marconi Ave, Sacramento, CA 95821
      View Details
    • Contact for pricing
      14,073 SF

      Professional Office Center For Sale

      Gated office center near Watt Ave. and Interstate 80.
      3650 Auburn Blvd, Sacramento, CA 95821
      View Details
    • $645,000
      3,077 SF

      3,077 SF Recently Remodeled Office Condomimium For Sale

      3,077 SF Recently Remodeled Office Condomimium For Sale
      3838 Watt #F-600, Sacramento, CA 95821
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      50,983 SF

      Arcade Square Retail Center

      Sacramento Retail Space Available
      3319-3465 Watt Ave, Sacramento, CA 95821
      View Details
    • $3,669,416
      12,646 SF

      Sacramento Office Space For Rent

      Office space available for lease in Sacramento, California.
      3325-3327 Longview Dr, Sacramento, CA 95821
      View Details
    • $1.49 SF/Yr
      16,727 SF

      Watt Avenue Retail Space Available

      Retail spaces for lease with high traffic and accessibility.
      3321-3455 Watt Ave, Sacramento, CA 95821
      View Details
    • $22,000

      Commercial Land with Freeway Visibility

      Paved, fenced commercial land with high visibility and access.
      2730 Auburn Blvd, Sacramento, CA 95821
      View Details
    • Contact for pricing
      28,559 SF

      Sacramento LEED Gold Certified Office

      LEED Gold certified office space with ample parking.
      2020 W El Camino Ave, Sacramento, CA 95821
      View Details
    • Contact for pricing
      4,153 SF

      Retail Space in Community Center

      Retail space available in high-traffic Sacramento community center.
      3328 El Camino Ave, Sacramento, CA 95821
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3540 Morse Ave
    Sacramento, CA 95821-2456
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.