Add Listing
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

    4025 23rd St Sacramento, CA 95822-1544

    • Apartment buildings
    • 4,836 SF
    • 0.24 lot acres
    OFF-MARKET
    Last Sale
    Nov 22, 2022
    $545,500
    Value Estimations
    $630,000
    Show details
    Cap Rate Potential
    8.5%
    Apartment buildings
    Location Intelligence
    Property ID
    US09-0572345
    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 4025 23rd St

    Year built
    1965
    Construction
    WOOD
    Lot size
    0.24 lot acres
    Property size
    4,836 SF
    Zone code
    R-3
    Property type
    Apartment buildings
    APN
    018-0026-034-0000
    APU
    1800260340000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $870,000
      ML approach
      $720,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $473,000
      Market price range: $256k - $748k

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

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.486
    Latitude
    38.5384
    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
    $8,106
    $121,858
    $510,699
    $632,557
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $5,500,000
      55,658 SF

      6800 Woodbine Ave

      APARTMENT HOUSE (100+ UNITS) • 55,658 SF
      6800 Woodbine Ave, Sacramento, CA 95822-4066
      View Details
    • Value Estimation by Request
      10,401 SF

      2860 Florin Rd

      Multifamily properties • 10,401 SF
      2860 Florin Rd, Sacramento, CA 95822
      View Details
    • Value Estimation
      $1,080,000
      5,905 SF

      2230 Sutterville Rd

      APARTMENT HOUSE (5+ UNITS) • 5,905 SF
      2230 Sutterville Rd, Sacramento, CA 95822-1330
      View Details
    • Value Estimation
      $995,000
      4,500 SF

      1101 Weber Way

      APARTMENT HOUSE (5+ UNITS) • 4,500 SF
      1101 Weber Way, Sacramento, CA 95822-1851
      View Details
    • Value Estimation
      $2,205,000
      11,120 SF

      4505 Riverside Blvd

      APARTMENT HOUSE (5+ UNITS) • 11,120 SF
      4505 Riverside Blvd, Sacramento, CA 95822-1863
      View Details
    • Value Estimation
      $2,260,000
      17,168 SF

      4445 Riverside Blvd

      APARTMENT HOUSE (5+ UNITS) • 17,168 SF
      4445 Riverside Blvd, Sacramento, CA 95822-1854
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,000 SF

      Medical/Dental Office Focused Complex

      Well-maintained 20,000 SF medical/dental office complex for sale.
      1355 Florin Rd, Sacramento, CA 95822
      View Details
    • $1,650,000
      6,225 SF

      Sacramento Warehouse Investment Opportunity

      6,225 SF Warehouse, Owner/User
      2431 Fruitridge Rd, Sacramento, CA 95822
      View Details
    • $600,000

      Mixed-Use Office/Art Studio Building

      Mixed-use office/art studio building in Sacramento, California.
      4330 24Th St, Sacramento, CA 95822
      View Details
    • $4,630,000
      40,260 SF

      Florin Road Retail Center Investment

      Sacramento Shopping Center - $4.63M
      2326 Florin Rd, Sacramento, CA 95822
      View Details
    • $700,000
      8,182 SF

      Office/Art Studios Space For Sale

      Office and art studio space available with high visibility.
      4330 24Th St, Sacramento, CA 95822
      View Details
    • Contact for pricing
      6,400 SF

      Stabilized Multi-Tenant Industrial Building

      Fully stabilized, multi-tenant industrial building for sale.
      129 Otto Cir, Sacramento, CA 95822
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,178 SF

      South Hills Shopping Center: Lease Opportunity

      Retail space, prime Sacramento location.
      5900 Land Park Dr, Sacramento, CA 95822
      View Details
    • Contact for pricing
      1,600 SF

      High-Visibility Retail Center For Sale

      Three-tenant retail center at a busy, signalized intersection.
      2391-2399 Fruitridge Rd, Sacramento, CA 95822
      View Details
    • $1.25 SF/Yr

      Retail/Office Space For Lease

      Retail and office spaces available near I-5 and Sacramento City College.
      5858-5986 S Land Park Dr, Sacramento, CA 95822
      View Details
    • Contact for pricing
      18,144 SF

      Freeport Blvd Retail Opportunity

      Land Park Drugstore - 18,144 SF
      4980 Freeport Blvd, Sacramento, CA 95822
      View Details
    • $10 SF/Yr
      40,260 SF

      Prime South Sacramento Retail Space

      Large Retail Building, High Traffic Area
      2326 Florin Rd, Sacramento, CA 95822
      View Details
    • $15 SF/Yr
      29,282 SF

      South Hills Retail Space Available

      Sacramento storefront, ample parking, 2,500 sq ft available
      5858-5986 Land Park Dr, Sacramento, CA 95822
      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.
    4025 23rd St
    Sacramento, CA 95822-1544
    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.
    Sign Up Successful!
    You now have access to more from Realmo!