Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Retail space
5008 El Camino Ave Carmichael, CA 95608-4650
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-3108831
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Construction
WOOD
Total area
3,309 SF
Lot
0.93 ac (40,500 SF)
Zoning code
SC
APN
282-0040-046-0000
UPID
US10-3108831
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
-
California wine & Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Stop N Shop Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$505k
CAP Approach
CAP
$665k
Comparable Approach
Comparable
$561k
Blend (final)
Blend
$525k
Owner & transaction history
Gurmail S Basi · 2 yrs held
Gurmail S Basi
since 2023
Last sale
$550,000
6 recorded transactions
Zoning & alternative use
SC · Carmichael, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$860,000
+129.5%
Auto repair, garage
$855,000
+127.6%
Commercial (general)
$775,000
+105.9%
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 Carmichael submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carmichael 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
$490,000
ML approach
$505,000
CAP Approach
CAP Return
Estimation
6%
$720,000
6.5%
$665,000
7%
$615,000
Alternative Use
Use
Estimation
RETAIL STORES
$375,000
Current use
MEDICAL BUILDING
$860,000
Change: +130% · Conversion: Difficult
AUTO REPAIR, GARAGE
$855,000
Change: +128% · Conversion: Difficult
COMMERCIAL (GENERAL)
$775,000
Change: +106% · Conversion: Easy
WAREHOUSE, STORAGE
$470,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $550k (Dec 29 2023)
Last sale anchor
$550k
Dec 29 2023
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
$159 / 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
$9,165
Tax year 2024
Assessed value
$751,603
Assessed 2024
Previous assessed
$751,603
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$546,624
Assessed improvement
$204,979
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1960
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Rooms
5
Bathrooms
1
Total area
3,309 SF
Lot
0.93 ac (40,500 SF)
Zoning code
SC
APN
282-0040-046-0000
UPID
US10-3108831
Jurisdiction
SACRAMENTO
Zoning & alternative use
SC · Carmichael, CA
Zoning SC · permitted uses
SC · Carmichael, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carmichael. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$375,000
MEDICAL BUILDING
Est. value
$860,000
AUTO REPAIR, GARAGE
Est. value
$855,000
COMMERCIAL (GENERAL)
Est. value
$775,000
WAREHOUSE, STORAGE
Est. value
$470,000
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1960
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Rooms
5
Bathrooms
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Gurmail S Basi
Individual
Free & Clear · 2 yrs held
Mailing address
8230 FAULKNER WAY, ELK GROVE, CA 95758-8029
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2023
—
Gurmail S Basi
Gurmail S Basi
Intrafamily Transfer
related
—
Jul 19, 2017
—
Gurmail S Basi
Basi Living Trust
Quit Claim Deed
related
—
Jul 11, 2017
—
Basi Living Trust
Basi,gurmail & Balbir
Quit Claim Deed
related
—
Dec 30, 2004
$550,000
Gurmail S Basi
Swatch,harjit S
Grant Deed
$240,000 · South Coast Commercial Bank
Oct 31, 2003
$550,500
Harjit S Swatch
Linn,tr
Grant Deed
$440,000 · Comerica Bank
Jul 16, 1997
—
Thomas B Linn
Linn,thomas B & Mary L
Quit Claim Deed
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5008 El Camino Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
