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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Apartment buildings
380 Wales Dr Folsom, CA 95630-2963
Entity Owned
12-yr Hold
Absentee Owner
Property ID
US09-3107555
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
WOOD
Total area
4,401 SF
Lot
0.23 ac (10,115 SF)
Zoning code
R-3
APN
071-0310-006-0000
UPID
US09-3107555
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
$540k
CAP Approach
CAP
$905k
Comparable Approach
Comparable
$782k
Blend (final)
Blend
$740k
Owner & transaction history
Norcal Real Properties Service · 12 yrs held
Norcal Real Properties Service
since 2014
7 recorded transactions
Zoning & alternative use
R-3 · Folsom, 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 Folsom submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Folsom 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
$540,000
CAP Approach
CAP Return
Estimation
6%
$980,000
6.5%
$905,000
7%
$840,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,145,000
Change: -9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,135,000
Change: -10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,030,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$740k
Range $666k – $814k · ±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
$168 / 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
$5,238
Tax year 2024
Assessed value
$480,721
Assessed 2024
Previous assessed
$480,721
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$72,103
Assessed improvement
$408,618
Applied tax rate
4.0000
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 (5+ UNITS)
Status
Off-Market
Year built
1963
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
15
Total area
4,401 SF
Lot
0.23 ac (10,115 SF)
Zoning code
R-3
APN
071-0310-006-0000
UPID
US09-3107555
Jurisdiction
SACRAMENTO
Zoning & alternative use
R-3 · Folsom, CA
Zoning R-3 · permitted uses
R-3 · Folsom, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Folsom. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1963
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
15
Lot
0.23 ac
Current owner
From public records · entity-resolved
Norcal Real Properties Service
Entity
Mailing address
3941 PARK DR #375, EL DORADO HILLS, CA 95762-4549
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Nov 17, 2021
—
Norcal Real Properties Services INC
—
Deed
related
$1,650,000 · Central Valley Community Bank
Feb 20, 2019
—
Norcal Real Prop Svcs INC
—
Grant Deed
related
$1,300,000 · Paul Norton
May 9, 2014
$1,200,000
Norcal Real Properties Service
Workman J M 1978 Trust
Grant Deed
—
Sep 6, 2013
$36,500
Health Care Reit INC
Thc-orange County INC
Grant Deed
—
Oct 24, 2012
—
Workman John M 1978 Trust
Workman,mary E
Quit Claim Deed
related
—
May 30, 2012
—
Mary E Workman
Workman,john M
Affidavit Of Death
related
—
Nov 9, 2001
—
Jcp Investments LP
Patriarca Trust
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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