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Property profile & analytics
OFF-MARKET
Estimated value
$2,805,000
Retail space
4981 Watt Ave, North Highlands, CA 95660-5107
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3261710
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Construction
TILT-UP CONCRETE
Total area
7,820 SF
Lot
1.54 ac (67,082 SF)
Zoning code
SPA
APN
240-0660-014-0000
UPID
US09-3261710
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
-
Istanbul Textile Clothing & Fashion Store
-
All Season Restaurant & Market Restaurant
-
Discount Tire Repair Parts General Contractor
-
Starbucks Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.81M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.25M
Blend (final)
Blend
$2.81M
Owner & transaction history
Bay Bridge Ca Property Management L · 2 yrs held
Bay Bridge Ca Property Management L
since 2024
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
SPA · North Highlands, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.7M
+149.4%
Apartment house (5+ units)
$2.2M
+51.9%
Medical building
$2.0M
+38.1%
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
$2,805,000
ML approach
$2,805,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,680,000
Change: +149% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,240,000
Change: +52% · Conversion: Difficult
MEDICAL BUILDING
$2,035,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,020,000
Change: +37% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,825,000
Change: +24% · Conversion: Easy
Blend value · Realmo final
$2.81M
Range $2.52M – $3.09M · ±10% · vs last sale $2.81M (May 2 2024)
Last sale anchor
$2.81M
May 2 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
$359 / 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
$37,096
Tax year 2024
Assessed value
$2,290,000
Assessed 2024
Previous assessed
$2,290,000
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$1,010,000
Assessed improvement
$1,280,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2006
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
7,820 SF
Lot
1.54 ac (67,082 SF)
Zoning code
SPA
APN
240-0660-014-0000
UPID
US09-3261710
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
RESTAURANT
Est. value
$3.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.8M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
2006
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
1.54 ac
Current owner
From public records · entity-resolved
Bay Bridge Ca Property Management L
Entity
Mailing address
4695 CHABOT DR STE #200, PLEASANTON, CA 94588-2756
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2024
$2,805,000
Bay Bridge Ca Property Management L
2981 Watt Avenue Investments LLC
Grant Deed
—
Nov 6, 2019
—
2981 Watt Ave Invs LLC
—
Deed
related
$1,700,000 · Tiaa Fsb
Jun 10, 2019
—
2981 Watt Ave Invs LLC
—
Deed
related
$1,700,000 · Tiaa Fsb
Apr 17, 2013
—
2981 Watt Avenue Invs LLC
Laguna Harbour LLC
Grant Deed
—
—
—
2981 Watt Ave Invs LLC
—
Deed Of Trust
related
$1,700,000 · Tiaa Fsb
—
—
Laguna Harbour LLC
—
Deed Of Trust
related
$2,400,000 · Rabobank
—
—
2981 Watt Ave Invs LLC
—
Deed Of Trust
related
$1,700,000 · Tiaa Fsb
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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