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Property profile & analytics
OFF-MARKET
Estimated value
$16,455,000
Apartment buildings
5307 Marconi Ave Carmichael, CA 95608-4383
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3171221
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
WOOD
Total area
57,536 SF
Lot
2.57 ac (111,949 SF)
Zoning code
RD-40
APN
272-0140-001-0000
UPID
US09-3171221
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
-
Las Palmas Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.11M
CAP Approach
CAP
$11.82M
Comparable Approach
Comparable
$19.88M
Blend (final)
Blend
$16.46M
Owner & transaction history
G Mark Tarpin · 4 yrs held
G Mark Tarpin
since 2022
Last sale
$19.0M
7 recorded transactions
Zoning & alternative use
RD-40 · Carmichael, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$27.1M
+82.4%
Office building
$15.4M
+3.4%
Medical building
$15.0M
+0.9%
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
by Request
ML approach
$12,105,000
CAP Approach
CAP Return
Estimation
6%
$12,800,000
6.5%
$11,815,000
7%
$10,970,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$14,840,000
Current use
RESTAURANT
$27,060,000
Change: +82% · Conversion: Difficult
OFFICE BUILDING
$15,350,000
Change: +3% · Conversion: Moderate
MEDICAL BUILDING
$14,980,000
Change: +1% · Conversion: Moderate
AUTO REPAIR, GARAGE
$14,855,000
Change: +0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$13,440,000
Change: -9% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$12,005,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$16.46M
Range $14.81M – $18.10M · ±10% · vs last sale $19.00M (Apr 22 2022)
Last sale anchor
$19.00M
Apr 22 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
$286 / 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
$126,617
Tax year 2024
Assessed value
$10,485,876
Assessed 2024
Previous assessed
$10,485,876
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$2,342,588
Assessed improvement
$8,143,288
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
1963
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
97
Total area
57,536 SF
Lot
2.57 ac (111,949 SF)
Zoning code
RD-40
APN
272-0140-001-0000
UPID
US09-3171221
Jurisdiction
SACRAMENTO
Zoning & alternative use
RD-40 · Carmichael, CA
Zoning RD-40 · permitted uses
RD-40 · 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
$14.8M
RESTAURANT
Est. value
$27.1M
OFFICE BUILDING
Est. value
$15.4M
MEDICAL BUILDING
Est. value
$15.0M
AUTO REPAIR, GARAGE
Est. value
$14.9M
COMMERCIAL (GENERAL)
Est. value
$13.4M
INDUSTRIAL (GENERAL)
Est. value
$12.0M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
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
1963
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
97
Lot
2.57 ac
Current owner
From public records · entity-resolved
G Mark Tarpin
Individual
Mailing address
3405 KENYON ST STE #411, SAN DIEGO, CA 92110-5007
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
Apr 22, 2022
—
G Mark Tarpin
G Mark Tarpin
Intrafamily Transfer
related
$18,000,000 · First Citizens Bank & Trust Co
Jul 8, 2020
—
Jl3 Investments LLC
Mcr Investments LLC
Quit Claim Deed
related
$15,470,000 · Cit Bk NA
Feb 1, 2018
$19,000,000
Tarpin,g Mark 1989 Trust
Cic Brentwood LLC
Grant Deed
$12,500,000 · Luther Burbank Svgs
Jan 15, 2016
$12,475,000
Cic Brentwood LLC
Brentwood Court Apartments LLC
Grant Deed
$8,750,000 · Opus Bank
Nov 15, 2012
$6,975,000
Brentwood Court Apartments LLC
Ranell Family Trust
Grant Deed
$6,574,000 · Five Star Bank
Oct 30, 2008
—
Ranells Family Trust
Oak Cypress Properties LLC
Quit Claim Deed
related
$3,575,000 · Five Star Bank
Aug 29, 2008
—
Oak Cypress Properties LLC
Ranells,frank D JR
Grant Deed
—
Jan 25, 2006
—
Frank D Ranells JR.
Ranells,frank A
Affidavit Of Death
related
—
Jan 18, 2006
—
Ranells Family Trust
Owner Name Unavailable
Affidavit Of Death
related
—
—
—
Brentwood Court Apartments LLC
—
Deed Of Trust
related
$6,574,000 · Five Star Bank
—
—
G Mark Tarpin
—
Deed Of Trust
related
$15,470,000 · Cit Bk NA
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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