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Property profile & analytics
FOR SALE
Distribution centers
4741 Watt Ave North Highlands, CA 95660
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1208596
For Sale
1 / 3
$14,900,000
4741 Watt Ave, North Highlands, CA 95660
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1971
Construction
TILT-UP CONCRETE
Total area
155,030 SF
Lot
7.94 ac (345,866 SF)
Zoning code
SPA
APN
240-0550-019-0000
UPID
US09-1208596
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
-
Recycling Industries Recycling Center Waste Management Facility
-
Republic Services Recycling Center Recycling Center Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$14.90M
CAP Approach
CAP
$18.30M
Comparable Approach
Comparable
$14.98M
Blend (final)
Blend
$14.90M
Owner & transaction history
Allied Waste Svcs Of North America · 2 yrs held
Allied Waste Svcs Of North America
since 2024
Last sale
$14.9M
7 recorded transactions
Zoning & alternative use
SPA · North Highlands, 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 North Highlands submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Highlands 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
$14,900,000
ML approach
$14,900,000
CAP Approach
CAP Return
Estimation
6%
$19,820,000
6.5%
$18,295,000
7%
$16,990,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$22,070,000
Current use
Blend value · Realmo final
$14.90M
Range $13.41M – $16.39M · ±10% · vs last sale $14.90M (Feb 7 2024)
Last sale anchor
$14.90M
Feb 7 2024
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
$96 / 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
$77,972
Tax year 2024
Assessed value
$5,546,218
Assessed 2024
Previous assessed
$5,546,218
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$1,065,180
Assessed improvement
$4,481,038
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Sale
Year built
1971
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
155,030 SF
Lot
7.94 ac (345,866 SF)
Zoning code
SPA
APN
240-0550-019-0000
UPID
US09-1208596
Jurisdiction
SACRAMENTO
Zoning & alternative use
SPA · North Highlands, CA
Zoning SPA · permitted uses
SPA · North Highlands, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Highlands. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$22.1M
WAREHOUSE, STORAGE Current
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
1971
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
7.94 ac
Current owner
From public records · entity-resolved
Allied Waste Svcs Of North America
Individual
Free & Clear · 2 yrs held
Mailing address
18500 N ALLIED WAY, PHOENIX, AZ 85054-6164
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2024
$14,900,000
Allied Waste Svcs Of North America
Sm Watt LLC
Grant Deed
—
Jun 23, 2021
—
Sm Watt LLC
—
Deed
related
$7,310,000 · Avatar Reit I LLC
May 3, 2017
—
Sm Watt LLC
—
Grant Deed
related
$1,025,000 · Bank Of The West
Oct 17, 2016
—
Sm Watt LLC
—
Deed
related
—
Mar 15, 2012
$4,504,000
Sm Watt LLC
Clara K Massie
Grant Deed
$7,372,483 · Comerica Bank
Aug 19, 2008
—
Levitz Sl Sacramento LLC
—
Deed Of Trust
related
$7,134,527 · Acadia Rlty LP
Feb 14, 2007
—
Massie Elizabeth S Trust
Massie,elizabeth S
Quit Claim Deed
related
—
Jul 12, 2002
—
Levitz Sl Sacramento LLC
—
Deed Of Trust
related
$49,450,000 · Greenwich Capital Fin'l Produc
Oct 28, 1999
$2,800,000
Massie Trust
American National Insurance
Grant Deed
—
Jun 22, 1999
—
Levitz Sl Sacramento LLC
—
Deed Of Trust
related
$71,505,000 · Cdc Mortgage Capital
—
—
Sm Watt LLC
—
Loan Modification
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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