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Property profile & analytics
OFF-MARKET
Estimated value
$43,275,000
Apartment buildings
3644 Kings Way Sacramento, CA 95821-6404
Entity Owned
8-yr Hold
Absentee Owner
Property ID
US09-0255847
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1974
Construction
WOOD
Total area
278,877 SF
Lot
13.17 ac (573,685 SF)
Zoning code
RD-30
APN
269-0090-050-0000
UPID
US09-0255847
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
-
Kensington Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$33.69M
Blend (final)
Blend
$43.28M
Owner & transaction history
Kensington Apartments LP · 8 yrs held
Kensington Apartments LP
since 2017
7 recorded transactions
Zoning & alternative use
RD-30 · Sacramento, 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 Sacramento submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sacramento 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$71,355,000
Change: -10% · Conversion: Difficult
MEDICAL BUILDING
$71,010,000
Change: -11% · Conversion: Moderate
COMMERCIAL (GENERAL)
$65,930,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$43.28M
Range $38.95M – $47.60M · ±10%
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
$155 / 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
$212,075
Tax year 2024
Assessed value
$32,684,707
Assessed 2024
Previous assessed
$32,684,707
+0.0% YoY
Effective rate
0.65%
On assessed value
Assessed land
$6,693,113
Assessed improvement
$25,991,594
Applied tax rate
54.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1974
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
301
Total area
278,877 SF
Lot
13.17 ac (573,685 SF)
Zoning code
RD-30
APN
269-0090-050-0000
UPID
US09-0255847
Jurisdiction
SACRAMENTO
Zoning & alternative use
RD-30 · Sacramento, CA
Zoning RD-30 · permitted uses
RD-30 · Sacramento, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sacramento. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$71.4M
MEDICAL BUILDING
Est. value
$71.0M
COMMERCIAL (GENERAL)
Est. value
$65.9M
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (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
1974
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
301
Lot
13.17 ac
Current owner
From public records · entity-resolved
Kensington Apartments LP
Entity
Mailing address
550 CALIFORNIA AVE STE #330, PALO ALTO, CA 94306-1441
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2022
—
Kensington Apartments LP
—
Deed
related
$20,000,000 · Wilmington Trust NA
Nov 17, 2017
$29,300,000
Kensington Apartments LP
M2 Sacramento 301 LP
Trustees Deed
$38,000,000 · Wilmington Tr
Dec 26, 2006
—
M2 Sacramento 301 LP
Owner Name Unavailable
Grant Deed
—
Nov 9, 2005
—
Asn Shadowood LLC
Bay Village Apartments
Grant Deed
—
Aug 18, 1995
—
Bay Village Apartments
Riverside Drive
Grant Deed
related
—
Dec 10, 1992
$16,300,000
Drive Riverside
General,electric
Grant Deed
$18,500 · Housing Authority
Aug 25, 1992
$13,600,000
Electric Credit Equities
Rs Ltd
Trustees Deed
related
—
Jan 4, 1990
—
Irwin D Goldring
Goldring Clarann
Quit Claim Deed
related
$10,550,000 · Kings Way Invest
Jan 4, 1990
$5,741,500
Goldring Irwin D
Kings Way Invest
Trustees Deed
related
—
—
—
Rs Ltd
—
Deed Of Trust
related
$100,000 · Individual
—
—
Rs Ltd
—
Deed Of Trust
related
$14,125,000 · General Electric Capital Corp
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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