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Property profile & analytics
OFF-MARKET
Estimated value
$21,000,000
Apartment buildings
5600 Marconi Ave Carmichael, CA 95608-4428
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0511783
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1969
Construction
WOOD
Total area
110,533 SF
Lot
4.17 ac (181,645 SF)
Zoning code
RD-5 RD-40
APN
272-0190-048-0000
UPID
US09-0511783
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
-
Courtyard Apartments Apartment Building
-
Omid Apartment Complex
-
Healthy and beauty (Bike/Boat/Book/etc) Store Cosmetic Store
-
Lovenberries (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$21.00M
CAP Approach
CAP
$22.70M
Comparable Approach
Comparable
$18.78M
Blend (final)
Blend
$21.00M
Owner & transaction history
5600 Marconi LLC · 1 yrs held
5600 Marconi LLC
since 2024
Last sale
$21.0M
3 recorded transactions
Zoning & alternative use
RD-5 RD-40 · Carmichael, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$29.5M
+3.4%
Medical building
$28.8M
+0.9%
Auto repair, garage
$28.5M
+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
$21,000,000
ML approach
$21,000,000
CAP Approach
CAP Return
Estimation
6%
$24,590,000
6.5%
$22,700,000
7%
$21,075,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$28,510,000
Current use
OFFICE BUILDING
$29,485,000
Change: +3% · Conversion: Moderate
MEDICAL BUILDING
$28,775,000
Change: +1% · Conversion: Moderate
AUTO REPAIR, GARAGE
$28,540,000
Change: +0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$25,820,000
Change: -9% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$23,060,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$21.00M
Range $18.90M – $23.10M · ±10% · vs last sale $21.00M (Oct 1 2024)
Last sale anchor
$21.00M
Oct 1 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
$190 / 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
$72,960
Tax year 2024
Assessed value
$5,714,435
Assessed 2024
Previous assessed
$5,714,435
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$945,876
Assessed improvement
$4,768,559
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 (100+ UNITS)
Status
Off-Market
Year built
1969
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
139
Total area
110,533 SF
Lot
4.17 ac (181,645 SF)
Zoning code
RD-5 RD-40
APN
272-0190-048-0000
UPID
US09-0511783
Jurisdiction
SACRAMENTO
Zoning & alternative use
RD-5 RD-40 · Carmichael, CA
Zoning RD-5 RD-40 · permitted uses
RD-5 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
$28.5M
OFFICE BUILDING
Est. value
$29.5M
MEDICAL BUILDING
Est. value
$28.8M
AUTO REPAIR, GARAGE
Est. value
$28.5M
COMMERCIAL (GENERAL)
Est. value
$25.8M
INDUSTRIAL (GENERAL)
Est. value
$23.1M
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
1969
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
139
Lot
4.17 ac
Current owner
From public records · entity-resolved
5600 Marconi LLC
Entity
Free & Clear · 1 yrs held
Mailing address
900 RAILWAYS AVE, CAMPBELL, CA 95008
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2024
—
5600 Marconi LLC
Allen M Dutra
Correction Deed
related
—
Oct 1, 2024
$21,000,000
5600 Marconi LLC
Allen M Dutra
Grant Deed
$14,040,000 · Aetna Life Insurance Co
Apr 9, 2004
—
Maloff,tr
Maloff,robert M & Lisa E
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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