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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4221 Manzanita Ave Carmichael, CA 95608-1406

    • Specialty properties
    • 7,505 SF
    • 1.42 lot acres
    OFF-MARKET
    Value Estimations
    $630,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2162627
    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

    • Lowest Cost Cremations and Burials / Funeral Home / Cremation Service
    • Lind Brothers Funeral Home / Funeral Home / Cemetery

    Property Details for 4221 Manzanita Ave

    Year built
    1965
    Construction
    WOOD
    Lot size
    1.42 lot acres
    Property size
    7,505 SF
    Zone code
    LC
    Property type
    Specialty properties
    APN
    230-0710-002-0000
    APU
    23007100020000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $395,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $868,000
      Market price range: $345k - $1.25M

    • Alternative Use

      Use
      Estimation
      CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL)
      $850,000
      Current use
      MEDICAL BUILDING
      $1,020,000
      Change: +20% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,010,000
      Change: +19% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $885,000
      Change: +5% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $735,000
      Change: -13% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $715,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Carmichael
    County
    Sacramento
    State
    California
    Longitude
    -121.328
    Latitude
    38.6413
    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
    $16,021
    $587,623
    $573,958
    $1,161,581
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $985,000
      14,580 SF

      5631 Cypress Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 14,580 SF
      5631 Cypress Ave, Carmichael, CA 95608-6613
      View Details
    • Value Estimation
      $1,390,000
      1,344 SF

      4115 Manzanita Ave

      VETERINARY, ANIMAL HOSPITAL • 1,344 SF
      4115 Manzanita Ave, Carmichael, CA 95608-1725
      View Details
    • Value Estimation
      $830,000
      8,801 SF

      6201 Fair Oaks Blvd

      CREMATORIUM, MORTUARY • 8,801 SF
      6201 Fair Oaks Blvd, Carmichael, CA 95608-4807
      View Details
    • Value Estimation
      $870,000
      17,362 SF

      3633 Garfield Ave

      VETERINARY, ANIMAL HOSPITAL • 17,362 SF
      3633 Garfield Ave, Carmichael, CA 95608-3015
      View Details
    • Value Estimation by Request
      2,800 SF

      7615 Fair Oaks Blvd

      VETERINARY, ANIMAL HOSPITAL • 2,800 SF
      7615 Fair Oaks Blvd, Carmichael, CA 95608-1703
      View Details
    • Value Estimation
      $610,000
      7,071 SF

      4990 Manzanita Ave

      VETERINARY, ANIMAL HOSPITAL • 7,071 SF
      4990 Manzanita Ave, Carmichael, CA 95608-0826
      View Details

    Similar Nearby for Sale

    • $1,100,000
      2,128 SF

      Turnkey Dental Office in Carmichael

      Established Dental Practice - Move-In Ready
      3609 Msn Ave Unit, Carmichael, CA 95608
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    • $5,295,000
      55,601 SF

      Oversized One- and Two-Bedroom Units

      Oversized One- and Two-Bedroom Units
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    • $3,960,000

      Carmichael Land For Sale

      Land available for sale in Carmichael, California.
      8015 Fair Oaks Blvd, Carmichael, CA 95608
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    • Contact for pricing
      16,150 SF

      Carmichael Retail Opportunity

      Retail property with strong street visibility and flexible zoning.
      8210 Fair Oaks Blvd, Carmichael, CA 95608
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      Commercial Land Development Opportunity

      Prime commercial land with existing structures and development potential.
      5824 Locust Ave, Carmichael, CA 95608
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    • $797,000
      948 SF

      Retail Property on Fair Oaks

      Retail property available for sale in Carmichael, California.
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    Similar Nearby for Lease

    • $1.85 SF/Yr
      1,084 SF

      Modern Flex Space For Lease

      Office/Warehouse/Garage combo with drive-in access and excellent visibility.
      5900 Wedgewood Ave, Carmichael, CA 95608
      View Details
    • $2 SF/Yr
      1,080 SF

      Retail Space on Manzanita Avenue

      Retail space with high traffic and monument signage available.
      4100-4120 Manzanita Ave, Carmichael, CA 95608
      View Details
    • $1.25 SF/Yr
      2,100 SF

      Retail Space on Fair Oaks

      Retail space available on a major thoroughfare.
      6324 Fair Oaks Blvd, Carmichael, CA 95608
      View Details
    • $4,950 /Mo

      Land with Drive-Thru Potential

      Land available for drive-thru kiosk in Carmichael, CA.
      9047 Fair Oaks Blvd, Carmichael, CA 95608
      View Details
    • Contact for pricing
      30,302 SF

      Carmichael Retail Center Opportunity

      High-profile retail space available in Carmichael, CA.
      7241 Fair Oaks Blvd, Carmichael, CA 95608
      View Details
    • $1.29 SF/Yr
      2,350 SF

      Retail Space in Carmichael Center

      Retail space available in shopping center anchored by national tenants.
      4955-5025 Marconi Ave, Carmichael, CA 95608
      View Details
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    Carmichael, CA 95608-1406
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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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