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Property profile & analytics
OFF-MARKET
Estimated value
$24,725,000
Apartment buildings
4924 Polk St North Highlands, CA 95660
Entity Owned
3-yr Hold
Absentee Owner
Property ID
US09-2925702
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1970
Construction
WOOD
Total area
123,622 SF
Lot
5.93 ac (258,310 SF)
Zoning code
RD-20
APN
228-0252-040-0000
UPID
US09-2925702
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
$25.39M
Comparable Approach
Comparable
$17.51M
Blend (final)
Blend
$24.73M
Owner & transaction history
Sierra Park LP · 3 yrs held
Sierra Park LP
since 2022
Last sale
$24.7M
7 recorded transactions
Zoning & alternative use
RD-20 · 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
$24,215,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$27,500,000
6.5%
$25,385,000
7%
$23,575,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$35,405,000
Current use
MEDICAL BUILDING
$32,185,000
Change: -9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$31,920,000
Change: -10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$28,875,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$24.73M
Range $22.25M – $27.20M · ±10% · vs last sale $24.65M (Dec 16 2022)
Last sale anchor
$24.65M
Dec 16 2022
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
$200 / 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
$287,895
Tax year 2024
Assessed value
$25,144,020
Assessed 2024
Previous assessed
$25,144,020
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$2,856,000
Assessed improvement
$22,288,020
Applied tax rate
59.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1970
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
104
Total area
123,622 SF
Lot
5.93 ac (258,310 SF)
Zoning code
RD-20
APN
228-0252-040-0000
UPID
US09-2925702
Jurisdiction
SACRAMENTO
Zoning & alternative use
RD-20 · North Highlands, CA
Zoning RD-20 · permitted uses
RD-20 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$35.4M
MEDICAL BUILDING
Est. value
$32.2M
AUTO REPAIR, GARAGE
Est. value
$31.9M
COMMERCIAL (GENERAL)
Est. value
$28.9M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (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
1970
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
104
Lot
5.93 ac
Current owner
From public records · entity-resolved
Sierra Park LP
Entity
Mailing address
2191 MARKET ST STE A, SAN FRANCISCO, CA 94114-4305
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Nov 15, 2024
—
Sierra Park LP
—
Deed
related
$26,320,000 · Key Bank NA
Dec 16, 2022
$24,651,000
Sierra Park LP
Sierra Park Nh LLC
Grant Deed
$20,250,000 · Key Bank NA
Nov 18, 2019
$19,650,000
Sierra Park Nh LLC
Sierra Park Equity Fund LLC
Trustees Deed
related
$15,480,000 · Walker & Dunlop
Nov 1, 2016
$11,200,000
Sierra Park Equity Fund LLC
4930 Polk Street LP
Grant Deed
$8,888,000 · Walker & Dunlop
Sep 3, 2013
$1,543,000
4930 Polk Street LP
Highlands Townhouses LLC
Grant Deed
—
May 3, 2001
—
Highlands Townhouses LLC
Mcculloch Trust
Grant Deed
related
$3,900,000 · Prudential Multifamily Mtg INC
Jun 25, 1996
$1,650,000
Bird Trust
State Street Bank & Trust Ttee
Grant Deed
—
Sep 27, 1995
$2,564,810
State Street Bank & Trust Co
Polk Stret Property
Trustees Deed
related
—
—
—
Street Prop Polk
—
Deed Of Trust
related
$2,700,000 · Columbia Savings & Loan
—
—
Highlands Townhouses LLC
—
Deed Of Trust
related
$1,810,000 · Prudential Multifamily Mtg INC
—
—
Street Prop Polk
—
Deed Of Trust
related
$125,000 · Rusk Fred E
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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