New search
Property profile & analytics
OFF-MARKET
Estimated value
$5,280,000
Apartment buildings
5110 El Camino Ave Carmichael, CA 95608-5074
Individually Owned
5-yr Hold
Absentee Owner
Property ID
US10-2983758
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1979
Construction
WOOD
Total area
23,310 SF
Lot
1.1 ac (47,916 SF)
Zoning code
RD-20
APN
283-0010-004-0000
UPID
US10-2983758
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
-
Aspen Village Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.16M
CAP Approach
CAP
$4.79M
Comparable Approach
Comparable
$3.41M
Blend (final)
Blend
$5.28M
Owner & transaction history
William G Dickey · 5 yrs held
William G Dickey
since 2021
Last sale
$4.6M
7 recorded transactions
Zoning & alternative use
RD-20 · Carmichael, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.2M
+3.4%
Medical building
$6.1M
+0.9%
Auto repair, garage
$6.0M
+0.1%
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 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
$7,215,000
ML approach
$7,160,000
CAP Approach
CAP Return
Estimation
6%
$5,185,000
6.5%
$4,785,000
7%
$4,445,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,015,000
Current use
OFFICE BUILDING
$6,220,000
Change: +3% · Conversion: Moderate
MEDICAL BUILDING
$6,070,000
Change: +1% · Conversion: Moderate
AUTO REPAIR, GARAGE
$6,020,000
Change: +0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,445,000
Change: -9% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$4,865,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$5.28M
Range $4.75M – $5.81M · ±10% · vs last sale $4.55M (Feb 2 2021)
Last sale anchor
$4.55M
Feb 2 2021
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
$227 / 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
$58,316
Tax year 2024
Assessed value
$4,828,495
Assessed 2024
Previous assessed
$4,828,495
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$742,845
Assessed improvement
$4,085,650
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1979
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
28
Total area
23,310 SF
Lot
1.1 ac (47,916 SF)
Zoning code
RD-20
APN
283-0010-004-0000
UPID
US10-2983758
Jurisdiction
SACRAMENTO
Zoning & alternative use
RD-20 · Carmichael, CA
Zoning RD-20 · permitted uses
RD-20 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$6.0M
OFFICE BUILDING
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$6.1M
AUTO REPAIR, GARAGE
Est. value
$6.0M
COMMERCIAL (GENERAL)
Est. value
$5.4M
INDUSTRIAL (GENERAL)
Est. value
$4.9M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (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
1979
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
28
Lot
1.1 ac
Current owner
From public records · entity-resolved
William G Dickey
Individual
Mailing address
2089 MANDELAY PL, SAN JOSE, CA 95138-2470
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2021
$833,000
William G Dickey
Harrison Village LLC
Grant Deed
—
Feb 2, 2021
$4,550,000
Kulwant Singh Khaira
Harrison Village LLC
Grant Deed
$3,100,000 · Mechanics Bank
Feb 2, 2021
—
William G Dickey
Tami Okuma Dickey
Intrafamily Transfer
related
—
Jul 23, 2019
—
Harrison Village LLC
—
Deed
related
$2,600,000 · Opus Bk
Sep 14, 2018
$3,270,000
Harrison Village LLC
Tapiola Manor Apartmentsllc
Grant Deed
$432,000 · 29sc Loan Fund 1 LP
May 20, 2015
$726,000
Tapiola Manor Apartments LLC
Daming Fuel Energy INC
Grant Deed
—
Oct 24, 2014
—
Daming Fuel Energy INC
Dean A Wagerman
Grant Deed
$1,575,000 · Jpmorgan Chase Bank NA
Feb 23, 2009
—
Thomas S Wardrope
Wardrope,thomas S
Quit Claim Deed
related
—
Jul 26, 2005
$2,750,000
Dean A Wagerman
Sara B Mertz
Grant Deed
$1,758,250 · Washington Mutual Bank
Jul 26, 2005
—
Thomas S Wardrope
Wardrope,marcy
Quit Claim Deed
related
—
Jul 2, 2004
$63,591
Mertz,tr
Clippinger,tr
Grant Deed
related
—
Sep 22, 2003
—
Mertz,sara B Tr
Mertz,sara B Tr
Quit Claim Deed
related
—
Feb 10, 2003
—
Mark S Cunningham
Web Service Co INC
Quit Claim Deed
related
—
Dec 11, 2002
$2,000,000
Clippinger,tr
Cunningham,mark S
Grant Deed
$1,500,000 · First Regional Bank
Jun 25, 1997
$141,500
Mark S Cunningham
Chatav,rafael & Dvora
Grant Deed
—
Jul 24, 1990
$1,245,000
Chatav Rafael
Mayhahns Assoc
Grant Deed
$925,000 · Home Savings Of America
—
—
Mertz,tr
—
Deed Of Trust
related
$1,485,000 · Washington Mutual Fsb
—
—
Harrison Village LLC
—
Deed Of Trust
related
$2,600,000 · Opus Bk
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 5110 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.
