Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4806 Myrtle Ave Sacramento, CA 95841-3633
    Back to Search
    Property profile & analytics

    4806 Myrtle Ave, Sacramento, CA 95841-3633

    View on Map
    • Apartment buildings
    • 24,591 SF
    • 2.09 lot acres
    Off-Market
    Last Sale Jun 17, 2021
    Property ID
    US09-0273979
    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.
    Value Estimations
    $5,320,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Oaks at River College Apartments / Apartment Building
    • Fuse Service HVAC & Electrical Sacramento / Electrical Service / General Contractor

    Property Details for 4806 Myrtle Ave

    Year built
    1963
    Construction
    WOOD
    Lot size
    2.09 lot acres
    Zone code
    RD-20
    Property type
    Apartment buildings
    APN
    240-0062-076-0000
    APU
    24000620760000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 17, 2021 — Myrtle Oaks Arc LLC White Peachtree LLC Grant Deed —
    Dec 30, 2020 $5,475,000 White Peachtree LLC Camino Cielo Investors LP Grant Deed $1.1M · Stanford FCU
    Oct 3, 2017 $3,000,000 Camino Cielo Investors LP Envision Investments LLC Grant Deed $2M · Luther Burbank Svgs
    Dec 1, 2010 $1,695,000 Envision Investments LLC Srgs Corporation Grant Deed $1.3M · Wells Fargo Bank NA
    Nov 27, 2007 — Quincannon C L Living Trust Quincannon,charlotte Quit Claim Deed · related —
    Jun 30, 2006 $2,625,000 Srgs Corp Simkins,gary M & Delores L Grant Deed $1.9M · United Commercial Bank
    Jan 17, 2003 $1,800,000 Delores L Simkins Quincannon,charlotte Grant Deed $1.4M · Abn Amro Mortgage Group INC
    Jan 27, 1999 — Wayne M Holveck Holveck,marla Quit Claim Deed · related —
    Jan 27, 1999 $278,500 Quincannon,charlotte Palmisano,david E & Rebecca Trustees Deed —
    — — Delores Simkins — Deed Of Trust · related $1.7M · New Century Mortgage

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,440,000
      6.5%
      $5,945,000
      7%
      $5,520,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $7,285,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $7,715,000
      Change: +6% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $6,290,000
      Change: -14% Conversion: Difficult
      MEDICAL BUILDING
      $6,260,000
      Change: -14% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.352
    Latitude
    38.653
    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
    $69,784
    $679,173
    $5,130,940
    $5,810,113
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,500,000
      6,402 SF

      5434 Garfield Ave

      APARTMENT HOUSE (5+ UNITS)
      5434 Garfield Ave, Sacramento, CA 95841-2835
      View Details
    • Value Estimation
      $6,815,000
      34,144 SF

      5500 Foothill Gdn Ct

      APARTMENT HOUSE (5+ UNITS)
      5500 Foothill Gdn Ct, Sacramento, CA 95841-2755
      View Details
    • Value Estimation
      $770,000
      9,408 SF

      4812 Pasarobles Dr

      APARTMENT HOUSE (5+ UNITS)
      4812 Pasarobles Dr, Sacramento, CA 95841-3472
      View Details
    • Value Estimation
      $3,780,000
      28,873 SF

      4255 Winding Way

      APARTMENT HOUSE (5+ UNITS)
      4255 Winding Way, Sacramento, CA 95841-4422
      View Details
    • Value Estimation
      $5,945,000
      49,680 SF

      4954 Ferigo Ln

      APARTMENT HOUSE (5+ UNITS)
      4954 Ferigo Ln, Sacramento, CA 95841-3618
      View Details
    • Value Estimation
      $6,460,000
      36,320 SF

      5216 Garfield Ave

      APARTMENT HOUSE (5+ UNITS)
      5216 Garfield Ave, Sacramento, CA 95841-3145
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Sacramento Apartment Complex Investment

      Apartment complex in desirable Sacramento location, great investment opportunity.
      5575 Hemlock St, Sacramento, CA 95841
      View Details
    • $557,000
      2,028 SF

      Duplex Residential Income Property

      For-sale duplex with two units on a small lot, offered as part of a five-duplex portfolio.
      5509 Missie Way, Sacramento, CA 95841
      View Details
    • $575,000
      1,935 SF

      Duplex Investment Property

      Zoned RD-10 duplex on a small lot, offering a straightforward owner-occupant or rental setup.
      4900 Summerwood Cir, Sacramento, CA 95841
      View Details
    • $557,000
      2,028 SF

      Duplex Income Property

      Two-unit duplex in Sacramento, offering a live-in option with rental income potential as part of a five-duplex portfolio.
      5505 Missie Way, Sacramento, CA 95841
      View Details
    • $560,000
      1,614 SF

      Duplex Residential Income Opportunity

      Two-unit residential income property offered individually or as part of a five-duplex portfolio package.
      4917 Orchid Way, Sacramento, CA 95841
      View Details
    • $557,000
      2,028 SF

      Two-Unit Duplex Residential Income

      Duplex property suited for owner-occupancy with rental income potential, offered as part of a five-duplex portfolio.
      4801 Mary Kate Dr, Sacramento, CA 95841
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr
      8,595 SF

      Madison Avenue Office Sublease

      Office space available for sublease on Madison Avenue.
      5112 Madison Ave, Sacramento, CA 95841
      View Details
    • $1.00 SF/Yr

      Retail Space in Established Center

      Retail space available in established shopping center with high visibility.
      5800 Madison Ave, Sacramento, CA 95841
      View Details
    • Contact for pricing

      Sacramento Retail Space For Lease

      Retail space available for lease in Sacramento, California.
      5051 Auburn Blvd, Sacramento, CA 95841
      View Details
    • Contact for pricing

      Office Space for Rent

      Professional office space available for rent in Sacramento, CA.
      4811 Chippendale Dr, Sacramento, CA 95841
      View Details
    • $0.90 SF/Yr

      Retail Space For Sublease

      Retail space available for sublease in established shopping center.
      5800 Madison Ave, Sacramento, CA 95841
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4806 Myrtle Ave
    Sacramento, CA 95841-3633
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4806 Myrtle Ave, Sacramento, CA, 95841
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!