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Property profile & analytics
FOR SALE
Warehouses
4577 Skyway Dr Olivehurst, CA 95961
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2598181
For Sale
1 / 3
Contact for pricing
4577 Skyway Dr, Olivehurst, CA 95961
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2004
Total area
7,920 SF
Lot
0.62 ac (26,795 SF)
Zoning code
M-1
APN
013-560-055-000
UPID
US09-2598181
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$495k
Blend (final)
Blend
$640k
Owner & transaction history
Mi Portfolio LLC · 1 yrs held
Mi Portfolio LLC
since 2025
Last sale
$875,000
3 recorded transactions
Zoning & alternative use
M-1 · Olivehurst, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+98.9%
Retail stores
$825,000
+58.3%
Commercial (general)
$785,000
+50.4%
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 Olivehurst submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Olivehurst 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$520,000
Current use
RESTAURANT
$1,040,000
Change: +99% · Conversion: Difficult
RETAIL STORES
$825,000
Change: +58% · Conversion: Moderate
COMMERCIAL (GENERAL)
$785,000
Change: +50% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$440,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $875k (Feb 2 2025)
Last sale anchor
$875k
Feb 2 2025
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
$81 / 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
$7,882
Tax year 2024
Assessed value
$529,868
Assessed 2024
Previous assessed
$529,868
+0.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$66,929
Assessed improvement
$462,939
Applied tax rate
64.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
2004
Heating
NONE
Cooling
YES
Stories
1
Total area
7,920 SF
Lot
0.62 ac (26,795 SF)
Zoning code
M-1
APN
013-560-055-000
UPID
US09-2598181
Jurisdiction
YUBA
Zoning & alternative use
M-1 · Olivehurst, CAZoning M-1 · permitted uses
M-1 · Olivehurst, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$520,000
RESTAURANT
Est. value
$1.0M
RETAIL STORES
Est. value
$825,000
COMMERCIAL (GENERAL)
Est. value
$785,000
INDUSTRIAL (GENERAL)
Est. value
$440,000
WAREHOUSE, STORAGE Current
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
2004
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Mi Portfolio LLC
Entity
Mailing address
555 CAPITOL MALL STE #900, SACRAMENTO, CA 95814-4606
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2025
$875,000
Mi Portfolio LLC
Pw Fund B LP
Grant Deed
$700,000 · Banner Bank
Nov 13, 2017
$3,872,000
Pw Fund B LP
Buzz Oates Ents II LLC
Grant Deed
—
Jun 18, 2012
—
Buzz Oates Ents II
Yuba County Industrial LP
Grant Deed
—
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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