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Property profile & analytics
OFF-MARKET
Estimated value
$2,225,000
Retail space
5540 Garfield Ave Sacramento, CA 95841
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US10-3046063
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1975
Construction
TILT-UP CONCRETE
Total area
24,480 SF
Lot
2.04 ac (88,862 SF)
Zoning code
LC
APN
230-0031-020-0000
UPID
US10-3046063
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
by Request
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$2.23M
Owner & transaction history
Elbelle LLC
Elbelle LLC
since 2025
Last sale
$2.9M
6 recorded transactions
Zoning & alternative use
LC · Sacramento, 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 Sacramento submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sacramento 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.23M
Range $2.00M – $2.45M · ±10% · vs last sale $2.90M (Dec 2 2025)
Last sale anchor
$2.90M
Dec 2 2025
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
$91 / 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
$28,136
Tax year 2024
Assessed value
$2,323,183
Assessed 2024
Previous assessed
$2,323,183
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$724,284
Assessed improvement
$1,598,899
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
1975
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
24,480 SF
Lot
2.04 ac (88,862 SF)
Zoning code
LC
APN
230-0031-020-0000
UPID
US10-3046063
Jurisdiction
SACRAMENTO
Zoning & alternative use
LC · Sacramento, CA
Zoning LC · permitted uses
LC · Sacramento, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sacramento. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1975
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
2.04 ac
Current owner
From public records · entity-resolved
Elbelle LLC
Entity
Mailing address
10424 PINGREE RD, GRASS VALLEY, CA 95949-9258
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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 2, 2025
$2,900,000
Elbelle LLC
Michael C Markulis
Grant Deed
$2,494,000 · Michael C Markulis Etux
Apr 1, 2005
$1,700,000
Michael C Markulis
Geremia Companies LLC
Grant Deed
$1,700,000 · Geremia Companies LLC
Dec 27, 2002
—
Aubrey L Wymore
Wymore,mary F
Quit Claim Deed
related
—
Dec 27, 2002
$1,600,000
Geremia Companies LLC
Walker,tr
Grant Deed
—
Dec 23, 2002
$1,600,000
Aubrey L Wymore
J & L Properties
Grant Deed
—
Sep 22, 1988
—
J Properties
J&k Properties
Quit Claim Deed
related
$1,200,000 · Heart Federal Savings & Loan
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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