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4741 Watt Ave, North Highlands, CA 95660
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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
Current use
Occupant on record · Public records
-
Recycling Center Waste Management Facility
-
Recycling Center Waste Management Facility
Location
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
since 2024
Last sale
$14.9M
7 recorded transactions
Zoning & alternative use
SPA · North Highlands, CA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$14.90M
Value range
$13.41M – $16.39M
±10% around blend
Estimated value / SF
$96 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$13.41M
blend $14.90M
$16.39M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
155,030 SF
Lot area
7.94 ac
Year built
1971
Stories
1
APN
240-0550-019-0000
Zoning
SPA
Assessed value
$5,546,218
Annual tax
$77,972
3
Income approach: direct capitalization
Partial preview
Income approach indication
$18.30M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$19.82M
@ 6.5% CAP return
$18.30M
@ 7% CAP return
$16.99M
4
Sales comparison
Partial preview
Sales approach indication
$14.98M
Range $14.98M – $32.67M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$14.90M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 440 sales
$142
-32%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $96/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
8.00%
Implied, in-place cap rate for this distribution centers
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.00%
9.0%
NOI (est.)
$1.04M *
Last sale · Feb 2024
$14.90M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$13.04M
Move the market yield to see immediate price impact.
Value / SF
$84
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.50%8.00%8.50%
$939k
$12.52M
$11.73M
$11.04M
$1.04M
$13.91M
$13.04M
$12.27M
$1.15M
$15.30M
$14.34M
$13.50M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
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, CAZoning SPA · permitted uses
SPA · North Highlands, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · 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
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
SPA
Jurisdiction
North Highlands, CA
Recorded code
SPA
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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