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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Grocery and convenience stores
4708 Manzanita Ave Carmichael, CA 95608-0823
Entity Owned
2-yr Hold
Free & Clear
Property ID
US09-2188948
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1998
Construction
WOOD
Total area
62,300 SF
Lot
4.84 ac (210,830 SF)
Zoning code
SC
APN
236-0070-015-0000
UPID
US09-2188948
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
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
ATM (Save Mart) Atm
-
KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
MoneyGram Bank Credit Union
-
Save Mart Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.04M
Owner & transaction history
Cft Nv Developments LLC · 2 yrs held
Cft Nv Developments LLC
since 2023
Last sale
$955,000
5 recorded transactions
Zoning & alternative use
SC · 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
$990,000
ML approach
$1,270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±10% · vs last sale $955k (Sep 6 2023)
Last sale anchor
$955k
Sep 6 2023
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
$17 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$85,636
Tax year 2023
Assessed value
$6,481,692
Assessed 2023
Previous assessed
$6,481,692
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$1,310,904
Assessed improvement
$5,170,788
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1998
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
62,300 SF
Lot
4.84 ac (210,830 SF)
Zoning code
SC
APN
236-0070-015-0000
UPID
US09-2188948
Jurisdiction
SACRAMENTO
Zoning & alternative use
SC · Carmichael, CA
Zoning SC · permitted uses
SC · 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.
Building & site characteristics
From public records
Year built
1998
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
4.84 ac
Current owner
From public records · entity-resolved
Cft Nv Developments LLC
Entity
Free & Clear · 2 yrs held
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2023
$955,000
Cft Nv Developments LLC
Ethan Conrad
Grant Deed
—
Jan 7, 2021
$13,601,500
Ethan Conrad
Rabobank NA
Grant Deed
—
Jul 15, 2020
$16,800,000
Mechanics Bk
Wt Capital Lender Svcs|crestview Village Center Ll
Foreclosure
—
Jan 16, 2013
$24,250,000
Crestview Village Center LLC
Holesapple,richard W
Grant Deed
$24,900,000 · Rabobank
Aug 29, 2009
—
Richard W Holesapple
Holesapple,r W & D L
Affidavit Of Death
related
—
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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