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Property profile & analytics
FOR LEASE
Industrial properties
4046 Wayside Ln Carmichael, CA 95608
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2369692
For Lease
$3,130,000
4046 Wayside Ln, Carmichael, CA 95608
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
MULTI-TENANT INDUSTRIAL BUILDING
Year built
1959
Construction
WOOD
Total area
25,156 SF
Lot
1.49 ac (64,904 SF)
Zoning code
GC
APN
245-0180-032-0000
UPID
US09-2369692
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
-
Performance Engines Auto Repair Shop Insurance Agency
-
Clark Heat and Air, Inc. Hardware & Home Improvement HVAC Service
-
Cary's Automotive Auto Repair Shop
-
Horse Power By Gerolamy Auto Repair Shop Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.13M
Owner & transaction history
Mca Igf Carmichael LLC · 4 yrs held
Mca Igf Carmichael LLC
since 2022
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
GC · Carmichael, 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 Carmichael submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carmichael 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
$3,115,000
ML approach
$3,065,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MULTI-TENANT INDUSTRIAL BUILDING
$3,400,000
Current use
Blend value · Realmo final
$3.13M
Range $2.82M – $3.44M · ±10% · vs last sale $3.17M (Jun 24 2022)
Last sale anchor
$3.17M
Jun 24 2022
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
$124 / 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
$41,052
Tax year 2024
Assessed value
$3,296,507
Assessed 2024
Previous assessed
$3,296,507
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$405,756
Assessed improvement
$2,890,751
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
Industrial properties
Use group
MULTI-TENANT INDUSTRIAL BUILDING
Status
For Lease
Year built
1959
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
25,156 SF
Lot
1.49 ac (64,904 SF)
Zoning code
GC
APN
245-0180-032-0000
UPID
US09-2369692
Jurisdiction
SACRAMENTO
Zoning & alternative use
GC · Carmichael, CA
Zoning GC · permitted uses
GC · Carmichael, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carmichael. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MULTI-TENANT INDUSTRIAL BUILDING Current
Est. value
$3.4M
MULTI-TENANT INDUSTRIAL BUILDING Current
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
1959
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
1.49 ac
Current owner
From public records · entity-resolved
Mca Igf Carmichael LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1750 E DEERE AVE, SANTA ANA, CA 92705-5719
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Apr 1, 2026
—
Fp Auburn Wayside LLC
—
Deed
related
$9,025,000 · Rubicon Mortgage Fund LLC
Aug 22, 2023
—
Mca Igf Carmichael LLC
—
Deed
related
$3,650,000 · United Service Cu
Jun 24, 2022
$3,168,500
Mca Igf Carmichael LLC
Sylva Family Properties
Grant Deed
—
Jun 24, 2022
—
Sylva Family Properties
Brian George Lentz
Correction Deed
related
—
Mar 3, 2011
$1,225,000
Sylva Family Properties
Lentz,brian G
Grant Deed
—
Dec 30, 2002
—
Brian G Lentz
Escalante-lentz,ana M
Quit Claim Deed
related
$620,000 · Tri Counties Bank
Oct 25, 1995
—
Brian G Lentz
—
Grant Deed
related
$300,000 · Tri Counties Bank
—
—
Brian G Lentz
—
Deed Of Trust
related
$410,000 · Counties Bank
—
—
Lentz Brian G
—
Deed Of Trust
related
$160,000 · Tri Counties Bank
—
—
Brian G Lentz
—
Deed Of Trust
related
$355,000 · Tri Counties Bank
—
—
Brian G Lentz
—
Deed Of Trust
related
$120,000 · Tri Counties Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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