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Property profile & analytics
OFF-MARKET
Estimated value
$3,870,000
Investment properties
4150 Manzanita Ave Carmichael, CA 95608-1800
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1103729
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1981
Construction
WOOD
Total area
9,753 SF
Lot
1.15 ac (50,093 SF)
Zoning code
LC
APN
245-0170-042-0000
UPID
US09-1103729
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
-
Caminos De La Vida Life Coach
-
Wattenbarger Rebecca J Physician
-
Liberato Michael V Employment Agency
-
HP Shotokan Training Center Sports School
-
Okie Nails Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.86M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.87M
Owner & transaction history
Nektarios Klostrakis · 3 yrs held
Nektarios Klostrakis
since 2022
Last sale
$3.9M
7 recorded transactions
Zoning & alternative use
LC · Carmichael, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.6M
+101.4%
Office building
$2.6M
+14.2%
Medical building
$2.5M
+11.5%
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
$3,830,000
ML approach
$3,855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,585,000
Change: +101% · Conversion: Difficult
OFFICE BUILDING
$2,600,000
Change: +14% · Conversion: Easy
MEDICAL BUILDING
$2,540,000
Change: +11% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,520,000
Change: +11% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,515,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$3.87M
Range $3.48M – $4.26M · ±10% · vs last sale $3.90M (Dec 16 2022)
Last sale anchor
$3.90M
Dec 16 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
$397 / 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
$17,180
Tax year 2024
Assessed value
$1,285,200
Assessed 2024
Previous assessed
$1,285,200
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$459,000
Assessed improvement
$826,200
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1981
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
9,753 SF
Lot
1.15 ac (50,093 SF)
Zoning code
LC
APN
245-0170-042-0000
UPID
US09-1103729
Jurisdiction
SACRAMENTO
Zoning & alternative use
LC · Carmichael, CA
Zoning LC · permitted uses
LC · 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
RESTAURANT
Est. value
$4.6M
OFFICE BUILDING
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1981
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
1.15 ac
Current owner
From public records · entity-resolved
Nektarios Klostrakis
Individual
Free & Clear · 3 yrs held
Mailing address
4643 HIXON CIR, CARMICHAEL, CA 95608-8021
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2022
$3,900,000
Nektarios Klostrakis
Theofilos G Fkiaras
Grant Deed
—
Dec 16, 2022
—
Nektarios Klostrakis
Maria Avdalas
Intrafamily Transfer
related
$2,260,000 · 2013 Vasiliou Family Trust
Sep 21, 2016
—
Vasiliou 2013 Family Trust
Vasiliou,emmanuel
Quit Claim Deed
related
$1,001,692 · Citizens Equity First Cu
Sep 7, 2016
—
Emmanuel Vasiliou
Vasiliou Family 2013 Trust
Quit Claim Deed
related
—
Dec 3, 2013
—
Vasiliou Family Trust
Vasiliou,emmanuel
Quit Claim Deed
related
—
Jan 9, 2012
—
Theofilos G Fkiaras
Chamberlain,steve
Quit Claim Deed
related
—
May 7, 2002
—
Moulats Trust
Moulats,spiros & Helen M
Quit Claim Deed
related
—
Jan 24, 2002
$2,725,000
Theofilos G Fkiaras
Manzanita Plaza Family LP
Grant Deed
$1,925,000 · Stancorp Mortgage Investors
Jan 24, 2002
—
Melvin Goodweather
Goodweather,arlyne L
Quit Claim Deed
related
—
Jun 29, 2001
$100,000
Melvin Goodweather
Manzanita Plaza Joint Venture
Grant Deed
—
—
—
Steven L Chamberlain
—
Deed Of Trust
related
$300,000 · Theofilos & Elizabeth Fkiras
—
—
Theofilos G Fkiaras
—
Deed Of Trust
related
$1,001,692 · Citizens Equity First Cu
—
—
Manzanita Plaza Associates
—
Deed Of Trust
related
$50,000 · Individual
—
—
Manzanita Plaza Joint Venture
—
Deed Of Trust
related
$1,397,500 · Imperial Thrift & Loan
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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