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    4040 Myrtle Ave North Highlands, CA 95660-5395
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    Property profile & analytics

    4040 Myrtle Ave, North Highlands, CA 95660-5395

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    • Apartment buildings
    • 12,744 SF
    • 1.18 lot acres
    Off-Market
    Property ID
    US10-3195043
    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.
    Value Estimations
    $1,760,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Myrtle Manor Apartments / Apartment Building
    • Granite / Kitchen & Bath Showroom / Hardware & Home Improvement

    Property Details for 4040 Myrtle Ave

    Year built
    1960
    Construction
    WOOD
    Lot size
    1.18 lot acres
    Zone code
    RD-30
    Property type
    Apartment buildings
    APN
    240-0043-013-0000
    APU
    24000430130000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 23, 2009 $100,000 Elizabeth Cortez Garcia Family Trust Grant Deed —
    Sep 2, 2008 — Garcia Family Trust Garcia,agustin Quit Claim Deed · related —
    Nov 8, 2006 $1,320,000 Agustin Garcia Irv H Lichtenwald Grant Deed $858k · Washington Mutual Bank
    Apr 12, 1999 — Lichtenwald Trust Schwartz Trust Grant Deed · related —
    Sep 6, 1995 — Rosenblum Trust Rosenblum,martin H Quit Claim Deed · related —
    — — Elizabeth Cortez — Deed Of Trust · related $350k · Provare LLC
    — — Martin H Rosenblum — Deed Of Trust · related $450k · San Francisco Federal S & L
    — — Lichtenwald Irv H Trust — Deed Of Trust · related $900k · Washington Mutual Fsb

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    North Highlands
    County
    Sacramento
    State
    California
    Longitude
    -121.369
    Latitude
    38.6534
    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
    $13,031
    $316,370
    $761,834
    $1,078,204
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $8,640,000
      60,962 SF

      4146 Madison Ave

      APARTMENT HOUSE (5+ UNITS)
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    • Value Estimation
      $3,035,000
      24,950 SF

      3669 Myrtle Ave

      APARTMENT HOUSE (5+ UNITS)
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    • Value Estimation
      $810,000
      10,998 SF

      4210 Tresler Ave

      APARTMENT HOUSE (5+ UNITS)
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    • Value Estimation
      $3,280,000
      24,336 SF

      3609 Myrtle Ave

      APARTMENT HOUSE (5+ UNITS)
      3609 Myrtle Ave, North Highlands, CA 95660-5200
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    • Value Estimation
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      5520 Generals Pl

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    • Value Estimation
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      123,622 SF

      4924 Polk St

      APARTMENT HOUSE (100+ UNITS)
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    Similar Nearby for Sale

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      Multifamily Community in North Highlands

      106-unit multifamily community with recent renovations and assumable debt.
      5520 Generals Pl, North Highlands, CA 95660
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      4,384 SF

      Retail Investment Opportunity in Highlands

      Retail property with established tenants and high traffic exposure.
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    • $1,720,000
      10,800 SF

      Single-Tenant Warehouse with Office and Yard

      10,800 SF warehouse with office and fenced yard for sale.
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    • $2,400,000
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      Industrial Land For Sale

      Industrial land available for sale, suitable for various uses.
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      Sacramento County Buildable Acreage

      2.13 acres of residential mixed-use land in Sacramento County.
      6233 Watt Ave, North Highlands, CA 95660
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      155,030 SF

      North Highlands Warehouse Opportunity

      155,030 SF warehouse on 7.94 acres near freeway.
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    Similar Nearby for Lease

    • $0.68 SF/Yr

      Warehouse with Office Space

      Lease opportunity: 12,600 sq ft warehouse with office in North Highlands.
      4230-4248 Roseville Rd, North Highlands, CA 95660
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      Commercial Land For Rent

      Commercial land available for rent along a main thoroughfare.
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      10,065 SF

      North Highlands Warehouse Space

      10,065 square foot warehouse space available for lease.
      5304 Roseville Rd, North Highlands, CA 95660
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    • Contact for pricing
      7,200 SF

      Industrial Space with Highway Frontage

      Industrial space for rent with easy highway access.
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    • Contact for pricing
      1,800 SF

      Industrial Space Available For Rent

      Industrial property with 1,800 square feet available for lease.
      7245 32Nd St, North Highlands, CA 95660
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space Near McClellan Park

      Modern retail spaces with high visibility near a business park.
      7453 Watt Ave, North Highlands, CA 95660
      View Details
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    North Highlands, CA 95660-5395
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    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
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