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    4115 Manzanita Ave Carmichael, CA 95608-1725
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    Property profile & analytics

    4115 Manzanita Ave, Carmichael, CA 95608-1725

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    • Specialty properties
    • 1,344 SF
    • 0.14 lot acres
    Off-Market
    Last Sale Sep 15, 2023
    $1,371,000
    Property ID
    US09-3094929
    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
    $1,390,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Fujishima Irene DVM / Veterinary Clinic
    • Sacramento Cat Hospital / Veterinary Clinic
    • Scott Krysta DVM / Veterinary Clinic

    Property Details for 4115 Manzanita Ave

    Year built
    1974
    Construction
    TILT-UP CONCRETE
    Lot size
    0.14 lot acres
    Zone code
    LC
    Property type
    Specialty properties
    APN
    230-0222-020-0000
    APU
    23002220200000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 15, 2023 $1,371,000 6160 Stanford Ranch Road LLC Billie Bensen Martin Grant Deed $1.1M · First Citizens Bank & Trust Co
    Jan 27, 2015 — Bensen,billie J Trust Martin,billie B Quit Claim Deed · related —
    Sep 26, 2011 — Billie B Martin Martin B E & B B 1997 Trust Quit Claim Deed · related —
    Oct 27, 1997 — Martin Trust Martin,billie B Quit Claim Deed · related —
    Sep 19, 1989 $150,000 Martin Barry E Kuhn Thomas G Grant Deed $120k · Kuhn Thomas G

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,420,000
      ML approach
      $1,405,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Carmichael
    County
    Sacramento
    State
    California
    Longitude
    -121.328
    Latitude
    38.6395
    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
    $6,415
    $70,000
    $441,000
    $511,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      PROFESSIONAL CLUBS/ASSOCIATIONS
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    • Value Estimation
      $830,000
      8,801 SF

      6201 Fair Oaks Blvd

      CREMATORIUM, MORTUARY
      6201 Fair Oaks Blvd, Carmichael, CA 95608-4807
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    • Value Estimation
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      17,362 SF

      3633 Garfield Ave

      VETERINARY, ANIMAL HOSPITAL
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    • Value Estimation by Request
      2,800 SF

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      VETERINARY, ANIMAL HOSPITAL
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    • Value Estimation
      $610,000
      7,071 SF

      4990 Manzanita Ave

      VETERINARY, ANIMAL HOSPITAL
      4990 Manzanita Ave, Carmichael, CA 95608-0826
      View Details
    • Value Estimation by Request
      2,950 SF

      2513 Walnut Ave

      VETERINARY, ANIMAL HOSPITAL
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      View Details

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      Carmichael Colony Land Opportunity

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      Carmichael Retail Property For Sale

      Retail property available for purchase in Carmichael, California.
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      11,044 SF

      Carmichael Office/Retail Building For Sale

      11,044 SF office/retail building in the heart of Carmichael, CA.
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      Freestanding Office Building For Sale

      Freestanding 2,544 SF office building suitable for professional uses.
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      10,380 SF

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    Similar Nearby for Lease

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      Commercial Space Available For Lease

      Commercial property available for lease in Carmichael, CA.
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    • $1.40 SF/Yr

      Carmichael Office/Medical/Dental Space Available

      Office/medical/dental space for lease in Carmichael, California.
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      58,700 SF

      Carmichael Shopping Center Development Opportunity

      58,700 SF shopping center development in a populated residential area.
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      Medical Office Space for Lease

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      Carmichael Retail Space Available

      Retail space available for lease in Carmichael, California.
      5227 Manzanita Ave, Carmichael, CA 95608
      View Details
    • Contact for pricing

      Retail Space in Carmichael Center

      Retail space available in established Carmichael shopping center.
      5025 Marconi Ave, Carmichael, CA 95608
      View Details
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    Carmichael, CA 95608-1725
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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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